E Pot And Psychedelic Stock Indices Declined 3.2% Last Week But Remain Up YTD

There are four pot- and psychedelic-related stock categories which I use to provide what I believe is the clearest overview of the cannabis/psychedelic stock sector that is available anywhere. Below is a comparison of how each sub-category has performed in the last week, month-to-date (MTD), and year-to-date (YTD) and the stocks that have moved +/-5% last week.

1. The munKNEE Pure-Play "Seed-to-Sale" Pot Stocks Index consists of two sub-sectors whose constituents derive 100% of their revenue from the marijuana sector, trade for at least US$1/share, and have a Market Capitalization of at least US$100M. It consists of 23 such constituents which, in total:

  • was -8.6% last week
  • has declined -9.9% so far in July (i.e. MTD) and
  • is now +9.2% YTD

a) The munKNEE Canadian Pure-Play Licensed Producers Pot Stock Sub-Category Index consists of 6 constituents which:

  • was -12.3% last week, has declined -17.0% MTD, and is +2.7% YTD
    • Its constituents are: Canopy (CGC), Tilray (TLRY), Cronos  (CRON), Aurora (ACB), Organigram (OGI), and Hexo (HEXO).
      • No constituent advanced,
      • Only OGI declined by less than 5% and
      • 5 constituents declined in excess of 10% with Aurora declining by -14.6%, Tilray by -14.0%, Hexo by -12.4%, Canopy Growth by 11.6% and Cronos by 11.0%.
      • Details as to individual price movements and the reasons why can be ascertained by checking the trading symbol of the constituents of interest.

b) The munKNEE American Pure-Play Multi-State Operators Pot Stock Sub-Category Index consists of 17 constituents which:

  • was -7.4% last week, has declined -7.6% MTD, and is now +11.6% YTD
    • Its constituents are: Curaleaf (CURLF), Green Thumb (GTBIF), Trulieve (TRSSF), Verano (VRNOF), Cresco (CRLBF), TerrAscend (TRSSF), Columbia (CCHWF), Harvest Health (HRVSF), Ascend Wellness (AAWH.U), Planet 13 (PLNHF), Ayr (AYRWF), Jushi  (JUSHF), 4 Front (FFNTF), Charlotte's Web (CWBHF), Gage (GAGE), Goodness Growth (GDNSF) and Acreage (ACRDF & ACRHF).
      • No constituent advanced,
      • 3 constituents declined by less than 5%, namely: Ayr, Goodness Growth and 4Front Ventures and
      • 14 constituents declined by more than 5% with TerrAscend, Planet 13 and Trulieve declining the most, by -13.6%, -13.0% and 11.1%, respectively.
      • Details as to individual price movements and the reasons why can be ascertained by checking the trading symbol of the constituents of interest.
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