Cannabis Central: The NPSI Was Down 3.1% Thursday With Only Two Sector Categories Advancing

The NPSI (Non-penny Pot Stock Index) tracks the 35 cannabis stocks that trade for a minimum of US$1/share (representing 12% of the universe of 298 companies) and it was DOWN 3.1% on Thursday. Below are the price performances of each of the 9 categories representing specific areas of focus in the cannabis industry..

The performance of the NPSI constituents are presented below within each of the 9 categories to allow for performance comparisons within similar areas of focus: (To review the specific constituents in each category please read Wednesday's article from Cannabis Central.)

1. Cultivation & Retail Category:
   • category consists of companies that grow and sell cannabis flower and related products.
   • The 17 constituents within this category went DOWN 2.9%, on average
2. Biotechnology Category:
   • category consists of pharmaceutical companies focused on R&D of new drugs and products utilizing cannabinoids.
   • The 6 constituents within this category went DOWN 4.2%, on average
3. Marijuana-Infused Products Category:
   • category consists of companies focused on developing and selling marijuana-infused products and companies focused on the extraction of cannabis compounds and their infusion into consumer products.
   • The 3 constituents within this category went DOWN 2.0%, on average
4. Consumption Devices Category:
   • category consists of companies focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers.
   • The 2 constituents within this category went UP 1.5%, on average
5. Agricultural Technology Category:
   • category consists of companies focused on providing automated growing systems, greenhouses, farming products, nutrients, hydroponics, fertilization systems, horticultural expertise, LED/lighting technologies, air filtration systems, and climate control and energy efficiency systems.
   • The 2 constituents within this category went DOWN 2.8%, on average
6. Real Estate Category:
   • category consists of investment companies and REITs that develop, own, and/or lease commercial real estate properties to licensed cannabis operators.
   • The only stock in this category eligible for the NPSI went DOWN 2.2%
7. Business Services/Consulting Category:
   • category consists of companies that provide professional services such as branding, packaging, bottling, compliance, physical security, transportation, lab testing, distribution, and insurance. consulting and other business services directly to marijuana cultivators and retailers.
   • The only stock in this category eligible for the NPSI went UP 1.0%
8. Technology & Media Category:
   • category covers companies that provide delivery services, enterprise software, e-commerce platforms, communication and mapping services, and trading platforms and companies that provide marijuana-related media including news, content, social networks, games, and entertainment.
   • The only stock in this category eligible for the NPSI went DOWN 5.5%
9. Hemp Products Category:
   • category consists of companies that produce and sell hemp products.
   • The only stock in this category eligible for the NPSI went DOWN 3.2%

In summary, only 2 categories went UP with the other 7 categories doing DOWN in price.

To see how the new Non-penny Pot Stock Index (NPSI) has done on a daily and weekly basis for the past few months, visit my daily updates here.