Cannabis Central: Befitting St. Patrick's Day Sector Saw Much More Green Today

Cannabis stocks crashed 11.2%, on average, on Monday but, befitting St. Patrick's Day, the sector's performance turned much more green remaining virtually unchanged today. Below are the 11 pot stocks that advanced in excess of 10% on the day, 5 that declined by +5% or more and the performance of 7 of the larger cap cannabis companies.

The cannabis market consists of 319 publicly-traded companies of which the vast majority trade for less than $1/share (i.e. are penny stocks) and it is acknowledged that even small changes in such prices can have a very large effect on the percentage change. Because of the aforementioned, this post only highlights those stocks that are currently trading above $1/share.

Below are those pot stocks trading above $1/share that increased in price in excess of 10%, those that declined by at least 5% and the performance of 7 of the remaining largest cap stocks, in descending order:  (Source of data)

Best Performers

  1. Avicanna Inc. (AVCN.TO) +23.3%
  2. Corbus Pharmaceuticals (CRBP) +22.4%
  3. Green Thumb (GTBIF) +19.8%
  4. XPhyto Therapeutics (XPHYF) +19.7%
  5. MediPharm Labs (LABS.TO) +17.3%
  6. GW Pharmaceuticals (GWPH) +15.1%
  7. Cara Therapeutics (CARA) +13.6%
  8. Akerna Corp. (KERN) +13.0%
  9. Cronos Group (CRON) +13.0%
  10. Pyxus Int'l (PYX) +12.3%
  11. Medicine Man (MDCL) +11.9%

Worst Performers

  1. HEXO Corp. (HEXO) -33.7%
  2. TerrAscend Corp. (TER.CN) -11.9%
  3. Charlotte's Web (CWEB.TO) -7.0%
  4. Planet 13 (PLTH.CN) -5.5%
  5. Curaleaf Holdings (CURA.CN) -5.2% 

Notable Mentions

  1. Cresco Labs (CL.CN) +4.3%
  2. Innovative Industrial Properties (IIPR) +3.7%
  3. Trulieve Cannabis (TRUL.CN) +3.6%
  4. Aphria Inc. (APHA) +3.0%
  5. Aurora Cannabis (ACB) +2.0%
  6. Canopy Growth (CGC) +1.1%
  7. Tilray Inc. (TLRY) -4.9%

Below is Tuesday's Sector Heat Map (Click on image to enlarge)

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For the sake of comparison below is the Heat Map for Monday that appeared in yesterday's exclusive TalkMarkets article. Check it out. (Click on image to enlarge)

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How did the marijuana stock sector perform last week? Go here for the details from this exclusive article posted on TalkMarkets.

This article may discuss small-, micro- and nano-cap stocks so do your own careful due diligence. Visit   more

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