5 Cannabis-Related Categories This Week: -0.2% To -13.6%

The 5 categories in the cannabis sector perform quite differently from each other on a weekly basis and below is a summary of how each category  performed the week ending February 10th, in descending order, and YTD:

  1. The Psychedelic Drug Stocks Index: DOWN 0.2% this week; UP 12.8% YTD
    • The Index consists of 6 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, Cybin (CYBN); Atai (ATAI); Seelos (SEEL), Compass Pathway (CMPS); Mind Medicine (MNMD) and GH Resources (GHRS) which trade on the Canadian and/or American stock exchanges and have market caps of at least US$50M.
  2. The Conservative Pot Stocks Index: DOWN 1.4% this week; DOWN 1.3% 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 0.9% for Anheuser Busch to 8.4% for Altria and average out at 3.1%.
  3. The American Cannabis MSOs Index: DOWN 2.7% this week; DOWN 0.8% YTD 
    • The Index consists of the 12 largest American Multi-State Operators, namely, Acreage (ACRDF/ACRHF); Ascend Wellness (AAWH); Ayr Wellness (AYRWF); Columbia Care (CCHWF); Cresco (CRLBF); Curaleaf (CURLF); 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.
  4. The Ancillary Pot Stock Index: DOWN 5.9% this week; UP 9.9% 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.
  5. The Canadian Cannabis LPs Index; DOWN 13.6% this week; UP 0.1% 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.

In summary, the 5 cannabis/cannabis-related company stock category performances ranged from:

  • -0.2%  to -13.6% this week, and are now
  • +12.8% to -1.3% YTD.

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