Half Of Constituents In Pure-Play Pot Stock Index Down As Much As 82% YTD

My previous article highlighted the fact that only 9 of the 25 stocks in the munKNEE.com Pure-Play Pot Stock Index have gone UP this year. This is a companion article that highlights the other side of the coin - identifying 12 stocks in the index that had declined in excess of 30% by the end of September.

The munKNEE.com Pure-Play Pot Stock Index consists of the 25 companies that derive 100% of their revenue from the sale of cannabis or cannabis consumption products and consistently trade for at least US$1/share to reflect the true health of the marijuana industry in the U.S. and Canada.

The 12 biggest losers YTD are as follows, in descending order:

1. Aurora (ACB) -82.1%*
2. Tilray (TLRY) -71.7%*
3. Charlotte's Web (CWBHF) -69.0%
4. Harvest Health (HRVSF) -66.7%
5. Avicanna (AVCNF) -64.1%
6. Organigram (OGI) -57.1%*
7. Medicine Man (SHWZ) -56.7%
8. Acreage (ACRGF) -53.2%
9. Valens (VLNCF) -53.1%
10. Cronos (CRON) -34.9%*
11. Canopy (CGC) -32.1%*
12. Greenlane (GNLN) -31.1%

Neptune (NEPT), cbdMD (YCBD), Aphria (APHA) and Cresco (CRLBF) also declined by 23.3%, 15.3%, 15.1% and 12.7% respectively.

Interestingly, five of the 12 under-performers were in the Vertically Integrated (Seed-to-Sale) Category of Canadian Licensed Producers (LPs) which was down 54.5% while only three were in the American Multi-State Operators (MSOs) category which is UP 7.9%.

Please leave any views or questions you have in the Comments section below. Thank you.