Cannabis Central: Sector Increased 3% On Wednesday For 5th Consecutive Day

The total cannabis sector of 319 stocks increased 3.0% on Wednesday only slightly less than the +3.4% increases in both the NYSE and the S&P 500 while the Non-penny Pot Stock Index (NPSI) advanced 3.1%. 23 of the 33 eligible constituent stocks in the NPSI went up, 2 remained unchanged and the remaining 8 went down in price. The details are as follows: 

The 12 Non-penny Cannabis Stocks That Increased 5.5% Or More

  1. Neptune (NEPT) +12.1%
  2. Akerna (KERN) +11.8%
  3. Abacus (ABAHF) +11.6%
  4. GrowGeneration (GRWG) +11.1%
  5. Tilray (TLRY) +9.6%
  6. Zynerba (ZYNE) +8.4%
  7. Cronos (CRON) +8.0%
  8. Village Farms (VFF) +8.0%
  9. GW Pharma (GWPH) +6.5%
  10. OrganiGram (OGI) +6.4%
  11. Rubicon Organics (ROMJF) +6.4%
  12. Alcanna (LQSIF) +6.0%
  13. Pyxus (PYX) +5.9%
  14. Cresco (CRLBF) +5.5%
  15. Cara (LQSIFCARAOGI) +5.5%

The 3 Non-penny Cannabis Stocks That Declined More Than 3% 

  1. Greenlane (GNLN) -5.4%
  2. Columbia (CCHWF) -3.4%
  3. Acreage (ACRGF) -3.4%

In the introduction to this article, I mentioned that there were 33 stocks in the NPSI and I have analyzed the performance of 18 of them above. Of the remaining 15 stocks in the NPSI, 9 went up or remained unchanged in price and 6 declined, with changes in price ranging from +5.5% to -0.6%.

In addition, there are 2 high profile stocks that, while they trade below US$1/share (and, as such, are not eligible for inclusion in the NPSI), their performances are worthy of mention, namely, Aurora (ACB+6.3% and Hexo (HEXO-24.6%.

For the record, as of today, the NPSI consisted of:

  • 2 pot stocks trade above US$20/share,
  • 2 trade between US$10 and US$20/share,
  • 7 trade between US$5 and US$10/share and
  • 22 trade between US$1 and US$5/share.

In addition, the market capitalization makeup of the NPSI, calculated by multiplying the number of a company's shares outstanding by its stock price per share, is as follows:

  • Large-Cap (+US$10B): 0
  • Mid-Cap (US$2B to US$10B): 3
  • Small-Cap (US$300M to US$2B): 11
  • Micro-Cap (US$50M to US$300M): 14
  • Nano-Cap (Less than US$50M): 5

To see how the above stocks, and the others that make up the balance of the new Non-penny Pot Stock Index (NPSI), have done on a daily basis over the last 3 weeks, visit my previous articles here.

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

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