Cannabis Central: Sector Was Up Tuesday For 4th Consecutive Day By 8.4%

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. 

Despite the turmoil in the stock market the 8.4% increase in the pot stock sector on Tuesday was the fourth consecutive day of positive returns which begs the question: "Is this the bottom?" That would be welcome news if that is the case as the sector has declined 36% in the last month and 43% since the beginning of the year and is down 75% in the past 12 months. 

37 non-penny pot stocks, out of a universe of 319, traded above $1/share on Tuesday of which 33 went UP, 1 remained unchanged and 3 declined. This article identifies the 16 stocks that increased by at least 10% and all 3 of the stocks that declined in price. (Source of data)

16 Best Performers

  1. Pyxus Int'l (PYX) +39.0%
  2. Acreage Holdings (ACRGF) +34.9%
  3. Ayr Strategies (AYRSF) +32.3%
  4. Curaleaf (CURLF) +24.6%
  5. New Age Beverages (NBEV) +18.1%
  6. Greenlane (GNLN) +15.6%
  7. MediPharm Labs (LABS) +15.5%
  8. Green Thumb (GTBIF) +14.3%
  9. Village Farms (VFF) +13.4%
  10. Charlotte's Web (CWBHF) +12.8
  11. Planet 13 (PLNHF) +12.3%
  12. Harvest Health (HRVSF) +12.2%
  13. OrganiGram (OGI) +10.6%
  14. Trulieve (TCNNF) +10.5%
  15. GrowGeneration (GRWG) +10.5%
  16. Cara Pharma (CARA) +10.4%

Worst Performers

  1. XPhyto Int'l(XPHYF) -7.8%
  2. Corbus Pharma (CRBP) -0.5%
  3. FSD Pharma (HUGE) -0.5%

Notable Mentions

  1. Innovative Properties (IIPR) +9.5%
  2. GW Pharma  (GWPH) +9.0%
  3. Cresco Labs (CRLBF) +8.5%
  4. Cronos Group (CRON) +7.7%
  5. Valens GroWorks (VLNCF) +7.6%
  6. Alcanna (LQSIF) +7.5%
  7. TerrAscend (TRSSF) +6.0%
  8. Aphria (APHA) +5.9%
  9. Akerna  (KERN) +5.7%
  10. Canopy Growth (CGC) +5.4%
  11. Hexo (HEXO) +5.4%
  12. Aurora Cannabis (ACB) +5.0%

5 of the remaining 6 non-penny pot stocks increased in price by less than 5% while 1 remained unchanged in price. 

A picture is worth a thousand words. Below is Tuesday's pot stock sector heat map (Click on image to enlarge)

Image

To learn how the above marijuana stocks performed on Monday please read this exclusive article as posted on TalkMarkets over the weekend. 

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

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