The 2020 election was a sweeping success for the U.S. cannabis industry with four states - New Jersey, Arizona, South Dakota and Montana - passing recreational cannabis legislation. In addition, Mississippi passed medical cannabis legislation. The performance of the munKNEE.com Pure-Play Pot Stock Index on Thursday, as outlined below, reflects the optimism that the U.S. cannabis industry is in a prime position for growth.

The munKNEE Pure-Play* Pot Stock Index was up 8.7 % Thursday with 23 of the 25 constituents going UP (of which 17 did so by more than 5%) and 2 constituents having No Change in price. 6 constituents going UP (of which 3 did so by 5% or more). In addition, naturally, all 3 categories in the Index went UP, as well. The details 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. Those categories are identified below along with the index constituents within each category that went up or down by 5% or more:

1. The Vertically Integrated (i.e. Seed-to-Sale) Category has 22 index constituents that grow, process, and sell cannabis and hemp flower and related products and it went up 8.6%.
   • The Canadian Licensed Producer (LPs) Category has 7 index constituents and it went up 16.8% with 6 constituents changing price by 5% or more (and 1 having No Change in price) as follows:
     1.  Aurora (ACB) +41.5%
     2. Tilray (TLRY) +30.3%
     3. Cronos (CRON) +16.7%
     4. Organigram (OGI) +12.9%
     5. Canopy (CGC) +11.6%
   • The U.S. Multi-State Operator (MSOs) Category has 13 index constituents and it went up 4.5% with the following constituents changing price by 5% or more:
     1. Jushi (JUSHF) +10.7%
     2. Medicine Man (SHWZ) +9.9%
     3. Planet 13 (PLNHF) +9.2%
     4. TerrAscend (TRSSF) +9.0%
     5. Acreage Floating (ACRHF) +5.2%
     6. Green Thumb (GTBIF) +5.0%
   • The Hemp Seed-to-Sale MSO Sub-Category has two index constituents and it went up 16.8%, on average, with both constituents changing in price by 5% or more, namely, 
     1. cbdMD (YCBD) +17.5%
     2. Charlotte's Web (CWBHF) +16.3%
2. The Extraction Category has two index constituents focused on the extraction of cannabis compounds and their infusion into consumer products and it went up 0.7% with one constituent changing in price by 5% or more, namely:
   • Valens (VLNCF) +11.3%
3. The Consumption Devices Category has only one index constituent focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers, namely,  Greenlane (GNLN), and it went up 18.3%.

*Please note: Each of the 25 pure-play stocks in the munKNEE Pure-Play Pot Stock Index are just that, pure, deriving 100% of their revenue from the sale of recreational and medical 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