The 5 Cannabis Categories Fell Even Further Last Week
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The 5 categories in the cannabis sector performed quite differently from each other again last week. Below is a summary of each category's performance last week, in descending order, month-to-date (MTD) and year-to-date (YTD):
- The Ancillary Pot Stock Index: DOWN 3.9% last week; DOWN 6.9% MTD; and now DOWN 64.2% YTD
- The Index consists of the 7 largest companies providing goods and services to the cannabis sector, namely, AFC Gamma (AFCG); Forian (FORA); Hydrofarm (HYFM); GrowGeneration (GRWG); Innovative Industrial Properties (IIPR); Scotts Miracle-Gro Company (SMG) and Turning Point Brands (TPB) which trade for at least US$3/share on the Canadian and/or American stock exchanges and have a market cap of at least US$100M.
- The Conservative Pot Stocks Index: DOWN 4.3% last week; DOWN 5.9% MTD; and now DOWN 8.6% YTD
- The Index consists of 6 tobacco, beer, and liquor companies that have invested heavily in the cannabis industry, namely, Altria Group (MO); Anheuser-Busch (BUD); British American Tobacco (BTI); Constellation Brands (STZ); Imperial Brands (IMBBY) and Molson Coors Brewing Company (TAP) and they all pay dividends with yields ranging from just 1.0% for Anheuser Busch to 8.6% for Altria and average out at 3.2%.
- The Pure-Play Canadian LP Pot Stock Index: DOWN 11.2% last week; DOWN 14.8% MTD; and now DOWN 60.8% YTD
- The Index consists of the 5 largest Canadian Licensed Producers, namely: Aurora (ACB); Canopy Growth (CGC); Cronos (CRON); Organigram (OGI), and Tilray (TLRY) which trade for at least US$1/share on the Canadian and/or American stock exchanges and have a market cap in excess of US$250M.
- Read Canadian LP Cannabis Stocks Continue To Plummet that details the performance of each of the constituents last week.
- The Pure-Play American MSO Pot Stock Index: DOWN 14.7% last week; DOWN 28.6% MTD; and now DOWN 62.8% YTD
- The Index consists of the 13 largest American Multi-State Operators, namely, Acreage (ACRDF/ACRHF); Ascend Wellness (AAWH); Ayr Wellness (AYRWF); Columbia Care (CCHWF); Cresco (CRLBF); Curaleaf (CURLF); Goodness Growth (GDNSF) ; Green Thumb (GTBIF); Jushi (JUSHF); Planet 13 (PLNHF); TerrAscend (TRSSF); Trulieve (TCNNF) and Verano (VRNOF) which trade for at least US$1/share on the Canadian and/or American stock exchanges and have a market cap of at least US$200M.
- Read American MSO Cannabis Stocks Down 15% This Week, which details the performance of each of the constituents last week.
- The Pure-Play Psychedelic Compounds-Based Stocks Index: DOWN 15.9% last week; DOWN 33.0% MTD; and now DOWN 57.0% YTD
- The Index consists of 8 psychedelic compound-based and marijuana (THC) drug companies in the clinical stages of research and development of treatments for a wide variety of mental illnesses, namely, Allied (ALID); Cybin (CYBN); Atai (ATAI); Seelos (SEEL), Compass Pathway (CMPS); Mind Medicine (MNMD); GH Resources (GHRS) and Zynerba (ZYNE) which trade on the Canadian and/or American stock exchanges and have market caps of at least US$50M.
- Read Psychedelic Stocks Continue To Plummet: -16% This Week; -33% MTD; Now -57% YTD that details the performance of each of the constituents.
in summary, the 5 cannabis/cannabis-related company stock category performances ranged from:
- -3.9% to -15.9% last week,
- -5.9% to -33.0 month-to-date, and
- -8.6% to -64.2%, YTD, depending on the category.
More By This Author:
Psychedelic Stocks Continue To Plummet: -16% This Week; -33% MTD; Now -57% YTD
American MSO Cannabis Stocks Down 15% This Week
Plant-Based Food Stocks Continue To Plummet: Now -72% YTD
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