Pure-Play Licensed Producers Pot Stock Index Declined 12.6% In April

The Canadian Pure-Play Licensed Producers (LP) Pot Stock Index was +4.2% last week and, while -12.6% in April, is still +42% YTD. Here are the details by constituent and in comparison to the 4 other cannabis and cannabis-related stock categories munKNEE.com tracks.

LP Pure-Play Pot Stock Index Performance

Below is a look at how the constituents performed in April, in ascending order (worst to best), with year-to-date performances in brackets:

  1. Organigram (OGI): -24.0% in April (+100.0% YTD)
  2. Tilray (TLRY): -16.9% (+122.0%)
  3. Canopy (CGC): -16.1% (+9.4%)
  4. Cronos (CRON): -12.4% (+17.3%)
  5. Aphria (APHA): -11.3% (+122.3%)
  6. Rubicon (ROMJF): -9.6% (-13.1%)
  7. Aurora (ACB): -1.9% (+7.6%)
  8. Hexo (HEXO): +6.0% (+82.6%)

Pure-Play Cannabis Pot Stock Index Performance Comparisons

munKNEE.com tracks the performance of five  cannabis categories. Below is a comparison of how each index has performed YTD, and so far in April in brackets, which we think provides the clearest overview of the cannabis stock sector that is available anywhere:

  1. the Canadian Pure-Play Licensed Producers Pot Stock Index (8 constituents): -12.6% in April (+42.4% YTD)
  2. the American Pure-Play Multi-State Operators Pot Stock Index (22 constituents): +2.0% in April; (+38.1% YTD)
  3. the Ancillary Pot Stocks Index (16 constituents): -0.1% in April; (+14.6% YTD)
  4. the Conservative Pot Stocks Index (8 constituents): +1.7% in April; (+6.4% YTD) and
  5. the new Cannabis-Centric Bio-Pharma Companies Index (13 constituents): -6.5% in April; (+7.8% YTD) 

Overall, based on the above analyses of 33.5% of the cannabis and cannabis-related stocks trading (200 in total), the total pot stock sector was -0.6% in April but remains +14.6% YTD.

The above 5 non-tradable indices replicate the performance of a portfolio investing an equal amount of money in each company in the various cannabis categories, with daily rebalancing to maintain an equal weight, to serve as benchmarks to measure the performance of individual stocks compared to their respective index. 

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