Pure-Play Pot Stock Index Reversed Direction On Tuesday

TM Editors Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are readily manipulated; do your own careful due diligence.

The munKNEE Pure-Play Pot Stock Index went DOWN 3.4% on Tuesday with 16 of the 25 constituents declining, 8 advancings, and one having No Change in price. In addition, 2 of the 3 index categories went DOWN, as well. The winners and losers are as follows:

Index Performance

The Index has companies doing business in a number of different categories and sub-categories based on their primary area of focus in the cannabis industry. These categories are identified below along with those stocks within each category that changed price by 10% or more:

1. The Vertically Integrated (i.e. Seed-to-Sale) Category went down 3.6%. The category consists of  22 index constituents that grow, process, and sell cannabis and hemp flower and related products.
   1. The Canadian Licensed Producer (LPs) Category went down 9.3%.  3 of the 7 index constituents within the category changed prices by 5% or more, namely: Aurora (ACB) -26.0% (+14.5% on Monday), Organigram (OGI) -23.1%, and Tilray (TLRY) -17.5%
   2. The U.S. Multi-State Operator (MSOs) Category went down 0.2%. Only 3 of the 13 index constituents changed price by 5% or more, namely: Harvest Health (HRVSF) +7.2%, Acreage - Fixed (ACRDF) -6.1%, and Jushi (JUSHF) -7.8%.
   3. The Hemp Seed-to-Sale MSO sub-category went down 0.9% but only 1 of the 2 index constituents in the category changed price by 5% or more, namely, Charlotte's Web (CWBHF) -11.3%.
2. The Extraction Category went down 4.2%, This category focuses on the extraction of cannabis compounds and their infusion into consumer products, and 1 of the 2 index constituents within the category changed price by 5% or more, namely, Neptune (NEPT) -5.6%.
3. The Consumption Devices Category went up 10.1%. This category has only one index constituent (Greenlane (GNLN) focused on developing and selling personal consumption devices for cannabis consumers, such as vape pens and inhalers.

*Please note: The 25 pure-play stocks in the munKNEE.com Pure-Play Pot Stock Index are just that, pure, deriving 100% of their revenue from the sale of recreational and medicinal cannabis and consumption-related products and, as such, the Index reflects the true health of the marijuana industry in the U.S. and Canada. In addition, the Index only includes those pure-play cannabis stocks that consistently trade for more than US$1/share.