Cannabis Central: Sector Collapsed -4.9% On Wednesday - Aurora Continued To Crater (-10.2%)

The Non-Penny Pot Stock Index (NPSI) collapsed on Wednesday declining 4.2% with 30 of the 36 constituents declining and all 9 industry categories experiencing declines as well. Here are the details.

The total cannabis sector consists of 298 actively traded stocks of which only 12% (36) trade for US$1/share or more and they make up the constituents of Cannabis Central's proprietary Non-Penny Pot Stock Index (NPSI). Aurora Cannabis was added to the NPSI on Monday as a result of its 1-for-12 reverse stock split to improve liquidity and regain compliance with New York Stock Exchange listing requirements, after its stock traded below $1 for more than 30 days.

The Biggest Winners Were: 

There were no significant winners on Wednesday. Only 5 increased in price ranging from +2.1% to +0.4% with 1 stock having no change in price.

The 15 Biggest Losers Were:

  1. MediPharm (MEDIF) -15.2% (-5.3% on Tuesday)
  2. Organigram (OGI) -10.7% (-7.1% on Tuesday)
  3. Aurora (ACB) -10.2% (-12.8% on Tuesday)
  4. Abacus (ABAHF) -9.6% (+10.7% on Tuesday)
  5. Greenlane (GNLN) -9.4% (-5.3% on Tuesday)
  6. Village Farms (VFF) -8.4%
  7. Canopy Growth (CGC) -8.2%
  8. Neptune (NEPT) -8.1% (+8.0% on Tuesday)
  9. New Age (NBEV) -7.5% (-5.7% on Tuesday)
  10. Charlotte's Web (CWBHF) -7.3%
  11. Aphria (APHA) -7.2%
  12. FSD Pharma (HUGE) -6.7%
  13. Cronos (CRON) -6.6%
  14. Cara (CARA) - 6.5%
  15. Rubicon (ROMJF) -6.3%

The other 15 losers had losses between -0.3% and -4.8%

The Notable Mentions Were:

Hexo (HEXO) -6.8% (-3.6% on Tuesday) & Harvest Health (HRVSF) -7.9% (+4.4% on Tuesday)

Constituent Performance By Industry Category

  1. Cultivation & Retail Category:
  2. Biotechnology Category:
    • This category consists of pharmaceutical companies focused on R&D of new drugs and products utilizing cannabinoids.
    • There are 6 NPSI constituents within this category (ABAHF; AVCNF; CARACRBP; GWPH; ZYNE) and they went DOWN 3.8% on average (UP 3.5%, on Tuesday).
  3. Marijuana-Infused Products Category:
    • This category consists of companies focused on developing and selling marijuana-infused products and companies focused on the extraction of cannabis compounds and their infusion into consumer products.
    • There are 3 NPSI constituents within this category (CRLBF; NEPT; NBEV) and they went DOWN 4.9% on average (UP 6.7%, on Tuesday).
  4. Consumption Devices Category:
    • This category consists of companies focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers.
    • There are 3 NPSI constituents within this category (AYRSFGNLNPYX) and they went DOWN 4.9% on average (DOWN 0.8%, on Tuesday).
  5. Agricultural Technology Category:
    • This category consists of companies focused on providing automated growing systems, greenhouses, farming products, nutrients, hydroponics, fertilization systems, horticultural expertise, LED/lighting technologies, air filtration systems, and climate control and energy efficiency systems.
    • There are 2 NPSI constituents within this category (GRWGVFF) and they went DOWN 3.0% on average (DOWN 5.7% on Tuesday).
  6. Real Estate Category:
    • This category consists of investment companies and REITs that develop, own, and/or lease commercial real estate properties to licensed cannabis operators.
    • There is only 1 NPSI constituent within this category (IIPR) and it went DOWN 4.8% (UP 1.2% on Tuesday).
  7. Business Services/Consulting Category:
    • This category consists of companies that provide professional services such as branding, packaging, bottling, compliance, physical security, transportation, lab testing, distribution, and insurance. consulting and other business services directly to marijuana cultivators and retailers.
    • There is only 1 NPSI constituent in this category (SHWZ) and it went DOWN 1.1% (UP 2.1% on Tuesday)
  8. Technology & Media Category:
    • This category covers companies that provide delivery services, enterprise software, e-commerce platforms, communication and mapping services, and trading platforms and companies that provide marijuana-related media including news, content, social networks, games, and entertainment.
    • There is only 1 NPSI constituent in this category (KERN) and it went DOWN 0.3% (DOWN 3.8% on Tuesday).
  9. Hemp Products Category:
    • This category consists of companies that produce and sell hemp products.
    • There is only 1 NPSI constituent in this category (CWBHF) and it went DOWN 7.3% (UP 4.0% on Tuesday).

To see how the new Non-penny Pot Stock Index (NPSI) has done on a daily and weekly basis for the past few months, visit my daily updates here.

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

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