The week ending July 24th saw the Non-penny Pot Stock Index (NPSI) decline 1.0% after having advanced 2.6% the previous week and 7.1% the week before that. 

The pot stock universe has 400+ cannabis-related securities listed on the various Canadian and American stock exchanges of which approx. 300 actively trade. Of those 300 stocks (i.e. 8%), however, only 25 are true marijuana stocks that trade for at least US$1/share and, as such, are included in the NPSI.

Below are the price changes for the constituents that either advanced or declined by 5% or more on last week:

Major Winners

2 constituents went UP in excess of 15%, namely:

• Planet 13 (PLNHF) +19.8% on top of +31.4% the previous week
• Jushi (JUSHF) +15.9% on top of +12.2% the previous week

3 constituents went UP between 5% and 14.9%, namely:

• Village Farms (VFF) +9.9%
• Green Thumb (GTBIF) +9.3%
• Curaleaf (CURLF) +6.7% on top of +7.4% the previous week

7 other constituents went UP by less than 5%.

Major Losers

3 constituents went DOWN by 10% or more, namely:

• Greenlane (GNLN) -17.4%
• Organigram (OGI) -14.1%
• Aurora (ACB) -12.3%

2 constituents went DOWN between 5% and 9.9%, namely:

• Canopy Growth (CGC) -8.2%
• Cronos (CRON) -6.5%

8 other constituents went DOWN by less than 5%.

Further details regarding the equal-weighted pure-play index 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 92% of the total universe trades, so the more literal definition of stocks that trade for less than US$1/share is used.
• The market capitalization of the 25 constituents in the NPSI is US$962.8M, on average.
• The constituents operate in 3 categories based on their primary area of focus and they are identified below within each applicable category:
  1. The Vertically Integrated (i.e. Seed-to-Sale) Category consists of 22 companies that grow, process, and sell cannabis and hemp flower and related products of which:
     • 8 constituents are Canadian Licensed Producers (LPs), namely: ACB; APHA; CGC; CRON; OGI;   ROMJF; TLRY and VFF
       • and they declined 3.4%, on average, this past week.
     • 11 constituents are American Multi-State Operators (MSOs), namely: ACRGF; AYRSF; CCHWF; CRLBF;  CURLF; GTBIF; JUSHF; PLNHF; SHWZ; TRSSF and TCNNF
       • and they advanced 4.6%, on average, this past week.
     • 3 constituents are only involved in the seed-to-sale of CBD from hemp, namely: AVCNF; CWBHF, and  YCBD
       • and they advanced 0.3%, on average, this past week.
  2. The Extraction Category consists of companies focused on the extraction of cannabis compounds and their infusion into consumer products of which:
     • 2 are NPSI constituents, namely: NEPT and VLNCF
       • and they declined by 0.9%, on average, this past week.
  3. The Consumption Devices Category consists of  companies focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers.
     • 1 constituent is in this category, namely, GNLN
       • and it declined 17.4% this past week.

You have shown a serious interest in the cannabis sector by reading this article to the very end so don't stop here. Check out the following exclusive article posted recently on TalkMarkets for more information on the marijuana market that is not to be found anywhere else, namely: "Marijuana" ETFs: A Troubling Expose.

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