E Cannabis Central: Pure-Play Pot Stock Index Declined Marginally On Friday
The munKNEE Pure-Play Pot Stock Index showed continued weakness on Friday (+0.3%), as the main category (with 22 of the 25 index constituents) fell. Here are the winners and losers.
Index Performance
The constituents in the Index operate in 3 categories based on their primary area of focus in the cannabis industry and the constituents within each category are identified below with how each of the categories did along with those stocks within each category that changed price by 5% or more:
- The Vertically Integrated (i.e. Seed-to-Sale) Category went down 0.3%. The category consists of 22 index constituents that grow, process, and sell cannabis and hemp flower and related products. It has 3 subsectors:
- The Canadian Licensed Producer (LPs) Sub-Category went down 0.4% with only 1 of the 7 index constituents within the category changing prices by 5% or more, namely:
- Rubicon (ROMJF) +13.3% vs. -13.6% on Thursday
- The U.S. Non-Hemp Multi-State Operator (MSOs) Sub-Category went up 0.8% with only 1 of the 13 index constituents in the category changing price by 5% or more, namely:
- Medicine Man (SHWZ) +8.0% vs. +6.2% on Thursday
- The Hemp Seed-to-Sale MSO Sub-Category went down 2.0% with neither of the two index constituents in the category changing in price by 5% or more.
- The Canadian Licensed Producer (LPs) Sub-Category went down 0.4% with only 1 of the 7 index constituents within the category changing prices by 5% or more, namely:
- The Extraction Category went up 0.7%. This category, with two companies, focuses on the extraction of cannabis compounds and their infusion into consumer products.
- The Consumption Devices Category went up 1.4%. This category has only one index constituent, Greenlane (GNLN), which is focused on developing and selling personal consumption devices for cannabis consumers, such as vape pens and inhalers.
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