The Non-Penny Pot Stock Index (NPSI) reversed direction Thursday going UP 1.0% in large part due to a 16.7% gain by GrowGeneration and a 14.5% gain by Aurora. 20 of the 36 constituents advanced with 4 industry categories advancing and 4 declining. 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 this past 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: 

Unlike yesterday (Wednesday) when there were no significant winners 8 NPSI constituents went up on Thursday by more than 5%, namely:

1. GrowGeneration (GRWG) +16.7%
2. Aurora (ACB) +14.5%
3. Valens (VLNCF) +9.1%
4. Neptune (NEPT) +8.0%
5. Organigram (OGI) +7.7%
6. Green Thumb (GTBIF) +7.1%
7. Cara (CARA) +6.7%
8. Village Farms (VFF) +6.6%

12 other stocks had either No Change in price (2) or modest gains of less than 5%.

The Biggest Losers Were:

On Wednesday 30 constituents went DOWN but on Thursday only 2 stocks had declines in excess of 5%, namely:

1. Avicanna (AVCNF) -10.3%
2. Greenlane (GNLN) -6.2% 

The Notable Mentions:

Hexo (HEXO) -2.4% (-6.8% on Wednesday; -3.6% on Tuesday) & Harvest Health (HRVSF) +3.1% (-7.9% on Wednesday; +4.4% on Tuesday)

Constituent Performance By Industry Category

1. Cultivation & Retail Category:
   • This category consists of companies that grow and sell cannabis flower and related products.
   • There are 18 NPSI constituents within this category (ACRGF; ACB; LQSIF; APHA; CCHWF; CGC; CRON; CURLF; GTBIF; HUGE; MEDIF; OGI; PLNHF; ROMJF; TRSSF; TLRY; TCNNF; VLNCF) and they went UP 2.7%, on average.
2. Biotechnology Category:
   • This category consists of pharmaceutical companies focused on the R&D of new drugs and products utilizing cannabinoids.
   • There are 6 NPSI constituents within this category (ABAHF; AVCNF; CARA; CRBP; GWPH; ZYNE) and they went UP 2.9%, on average.
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 UP 0.9%, on average.
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 (AYRSF; GNLN; PYX) and they went DOWN 1.0%, on average.
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 (GRWG; VFF) and they went UP 12.6% after having gone DOWN 3.0% on Wednesday and 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 UP 1.6%.
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 1.5%.
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 4.9%.
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 its price was unchanged.

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.