4 Of 5 Cannabis Categories Declined In June; All 5 Are Down YTD
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The cannabis sector consists of 5 distinct categories and they have each performed quite differently this past June and YTD, as outlined in this article:
- The Pure-Play Psychedelic Compounds-Based Stocks Index: + 7.7% in June; Still -54.9% 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 June Update: Psychedelic Compounds-Based Drug Stocks Index Up 8%; Down 55% YTD that details the performance of each of the constituents in June and YTD.
- The Conservative Pot Stocks Index: -6.6% In June; Now -3.4% 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 June Update: Conservative Cannabis Stock Index Down 7%; Now -3% YTD that details the performance of each of the constituents in June and YTD.
- The Ancillary Pot Stock Index: -16.9% in June; Now -54.6% 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.
- Read June Update: Ancillary Pot Stocks Index Fell 17%; Now Down 55% YTD that details the performance of each of the constituents in June and YTD.
- The Pure-Play American MSO Pot Stock Index: -22.3% in June; Now -57.4% 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 June Update: American Cannabis MSO Index Fell 23%: Now -58% YTD that details the performance of each of the constituents in June and YTD.
- The Pure-Play Canadian LP Pot Stock Index: -28.0% in June; Now -57.4% 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 June Update: Canadian Cannabis LPs Index Fell 28%; Now -59% YTD that details the performance of each of the constituents last week and YTD.
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