A Recap Of How The 5 Cannabis Categories Performed In August

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The cannabis sector consists of 5 distinctly different categories and they each performed quite differently in August, since the end of June (9 weeks), and YTD, as outlined in this article:

  1. The Pure-Play Psychedelic Compounds-Based Stocks Index: +18.5% in August; +41.6% since the end of June; -35.7% 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 Largest Psychedelic Stocks Up In August; Up 42% Since End Of June that details the performance of each of the constituents.
  2. The Pure-Play American MSO Pot Stock Index: +11.2% in August; +22.0% since the end of June; -57.6% YTD
  3. The Pure-Play Canadian LP Pot Stock Index: +3.5% in August; +11.8% since the end of June; -54.1% 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 In August that details the performance of each of the constituents.
  4. The Conservative Pot Stocks Index: -2.9% in August; +0.6% since the end of June; -2.9% 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%.
  5. The Ancillary Pot Stock Index: -15.3% in August; -16.6% since the end of June; -62.1% 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.

More By This Author:

Uptrend In Major U.S. Cannabis MSOs Continued In August
Largest Psychedelic Stocks Up In August; Up 42% Since End Of June
Uptrend In Major Canadian Cannabis LPs Continues

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