The munKNEE Pure-Play "Seed-to-Sale" Pot Stocks Index gave back almost all the gains it had made in the first two weeks of November declining -13.9% last week with only one constituent advancing (barely). 

The "Seed-to-Sale" Pot Stocks Index consists of the 23 non-ancillary (i.e. pure-play) cannabis companies that trade for at least US$1/share, have a market cap of at least US$300M and trade on one or more of the Canadian and/or American stock exchanges. Six of the 23 index constituents that meet that criteria are Canadian Licensed Producers (LPs) and 17 are American Multi-State Operators (MSOs) and they represent 10% of the total universe of 218 cannabis and ancillary companies currently trading.

In my previous post I reported that only one of the 23 stocks in the Index had declined in the first two weeks of November (see here) but this past week 17 of them declined by more than 10% and another 5 by more than 5%. The specifics are as follow in descending order:

1. Planet 13 (PLNHF): +0.7%
2. Goodness Growth (GDNSF): -6.0%
3. Trulieve (TCNNF): -6.0%
4. Curaleaf (CURLF): -6.3%
5. Valens (VLNCF): -7.8%
6. Cresco (CRLBF): -8.5%
7. 4Front Ventures (FFNTF): -11.8%
8. Acreage (ACRDF/HF): -12.4%
9. Verano (VRNOF): -13.7%
10. Ascend Wellness (AAWH): -13.7%
11. Ayr Wellness (AYRWF): -13.8%
12. Organigram (OGI): -14.2%
13. Tilray (TLRY): -15.5%
14. Columbia Care (CCHWF): -15.7%
15. Aurora (ACB): -17.2%
16. TerrAscend (TRSSF): -17.9%
17. Gage Growth (GAGE): -18.3%
18. Jushi (JUSHF): -19.9%
19. Canopy (CGC): -20.2%
20. Green Thumb (GTBIF): -20.4%
21. Cronos (CRON): -21.2%
22. Charlotte's Web (CWBHF): -26.9%
23. Hexo (HEXO): -28.9%

In summary, the six Licensed Producers went DOWN an average of -18.6% while the 17 Multi-State Operators went DOWN an average of -12.6%.

You are encouraged to visit the company websites; you can also click on the hyperlinked symbols in this article of those stocks you are interested in and review their latest financial statements and commentary as found in the TalkMarkets data there.