Cannabis Central: Pot Stock Index Advanced Slightly On Friday

 

The munKNEE Pure-Play Pot Stock Index reversed direction on Friday, going UP 1.8% on Friday vs. DOWN 1.3% on Thursday.16 of the 25 constituents went UP, 9 went DOWN. In addition, all 3 index categories went UP, 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 up 1.8%. 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) Sub-Category went up 2.5% but none of the 7 index constituents within the category changed prices by 5% or more.
    2. The U.S. Non-Hemp Multi-State Operator (MSOs) Sub-Category went up 0.9but Jushi (JUSHF), up 5.0%, was the only one of the 13 index constituents that changed price by 5% or more.
    3. The Hemp Seed-to-Sale MSO Sub-Category went up 10.8% with both index constituents in the category changing in price by 5% or more, namely, Charlotte's Web (CWBHF) up 11.8% and cbdMD (YCBD) up 9.4%.
  2. The Extraction Category went up 2.7%, 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, Valens (VLNCF) up 7.8%.
  3. The Consumption Devices Category went down 1.8%. 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.

TM Editors' Note: Penny stocks and/or microcaps are easily manipulated and highly volative; do your own careful due diligence.

 

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.