Cannabis Central: Pot Stock Index Up 0.9% Tuesday; 5 Of 9 Categories Up

The Non-Penny Pot Stock Index (NPSI) was only UP 0.9% on Tuesday with 20 of the 39 constituents having some minor gains and 18 showing some minor weakness (1 saw no change in price). 5 of the 9 sector categories advanced.

298 cannabis companies have securities that actively trade on the various stock exchanges in Canada and the United States of which 39 (just 13% of the total) trade for at least US$1/share and, as such, are included in my proprietary Non-penny Pot Stock Index (NPSI).

Below are the price changes on the day for the few constituents that either advanced or declined by 5% or more from yesterday (Monday):

The Biggest Winners 

1. Medicine Man (SHWZ) +30.3%
2. Alcanna (LQSIF) +15.1%
3. cbdMD (YCBD) +7.3%
4. Abacus (ABAHF) +7.2%
5. GrowGeneration (GRWG) +7.1%

The Biggest Loser

Harvest Health (HRVSF)  -7.0%

Notable Mentions 

• HEXO (HEXO) -5.1% (a former constituent but now trading below US$1/share.)
• With the 19% increase in the average cannabis stock in May (see detail here) 3 additional companies are now trading marginally above US$1/share and, therefore, are technically eligible to be included in the NPSI, namely, The stocks in question are: KushCo Holdings Inc. (KSHB); Canafarma Hemp Products Corp. (CNFA) and EGF Theramed Health Corp. (EVAHF). If any of these stocks are still trading above US$1/share at the end of the month they will be added to the NPSI. 

Further details regarding the current constituents of the NPSI are as follows:

• The official definition of a "penny" stock is one that trades below US$5/share but, when it comes to pot stocks, that is where 87% of the total universe trades, so the more literal definition of stocks that trade for less than US$1/share is used.
• In addition, the constituents operate within 9 categories based on their primary area of focus in the cannabis industry and the constituents within each category are identified in the TalkMarkets' article "Cannabis Central: Finally - The Pot Stock Marketplace Demystified". Below is how well each of the 9 categories did on Tuesday:
  1. Cultivation & Retail Category: -1.0%
  2. Biotechnology Category: +1.7%
  3. Marijuana-Infused Products Category: -1.2%
  4. Consumption Devices Category: -0.1%
  5. Agricultural Technology Category: +4.7%
  6. Real Estate Category: +0.6%
  7. Business Services/Consulting Category: +30.3%
  8. Tech & Media Category: +3.9%
  9. Hemp Products Category: +1.7%

To see how the new Non-penny Pot Stock Index (NPSI) has done on a daily basis recently, visit the daily updates here.