3 Of 5 Cannabis Categories Advanced Last Week
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The cannabis sector consists of 5 distinctly different categories and they each perform quite differently week-to-week and month-to-month below is a summary of each category's performance last week, in descending order, since the end of July, and YTD:
- The Pure-Play Canadian LP Pot Stock Index: UP 4.2% last week; UP 7.9% since the end of July; DOWN 52.1% 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 Uptrend In Major Canadian Cannabis LPs Continued This Week that details the performance of each of the constituents.
- The Conservative Pot Stocks Index: UP 1.5% last week; UP 1.4% since the end of July; DOWN 1.4% 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%.
- Read The Conservative Cannabis Stocks Index Advanced Slightly Last Week which details the performance of each of the constituents.
- The Ancillary Pot Stock Index: UP 1.5% last week; DOWN 14.0% since the end of July; DOWN 61.6% 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 Pure-Play American MSO Pot Stock Index: DOWN 4.5% last week; UP 6.2% since the end of July; DOWN 50.3% 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 Uptrend In Major U.S. Cannabis MSOs Faltered Last Week
that details the performance of each of the constituents.
- The Pure-Play Psychedelic Compounds-Based Stocks Index: DOWN 11.6% last week; UP 4.8% since the end of July; DOWN 43.2% 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 8 Largest Psychedelic Stocks Dropped Almost 12% This Week
that details the performance of each of the constituents.
As you can see from the above summary the 5 cannabis/cannabis-related company stock performances ranged from:
- +4.2% to -11.6% last week depending on the category,
- +7.9% to -14.0% from the end of July and
- -1.4% to -61.6% YTD.
So much for parity in the cannabis sector!
More By This Author:
The Conservative Cannabis Stocks Index Advanced Slightly Last Week
Plant-Based Food Stocks Declined Again Last Week
Uptrend In Major U.S. Cannabis MSOs Faltered Last Week
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