A Recap Of How The 5 Cannabis Categories Performed In August
Image Source: Unsplash
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:
- 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.
- The Pure-Play American MSO Pot Stock Index: +11.2% in August; +22.0% since the end of June; -57.6% 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 Continued In August that details the performance of each of the constituents.
- 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.
- 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%.
- 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
MO TCNNF AYRWF CURLF ALID SEEL
Visit munKNEE.com and register to receive our free Market Intelligence Report newsletter ...
more