All 5 Cannabis Sectors Showed Major Weakness Last Week
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The cannabis sector consists of 5 distinct categories and they each performed quite differently last week as outlined in this article, in descending order:
1. The Conservative Pot Stocks Index
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 7.9% for Altria and average out at 3.3%.
The Index went DOWN 4.3% last week and is now DOWN 5.6% YTD.
2. The Pure-Play Canadian LP Pot Stock Index
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.
The Index went DOWN 5.3% last week and is now DOWN at 56.9% YTD. Read Canadian LP Cannabis Index Continued Its Decline that details the performance of each of the constituents last week and YTD.
3. The Pure-Play Psychedelic Compounds-Based Stocks Index
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, Allied (ALID); Cybin (CYBN); Field Trip (FTRP); Numinus (NUMIF); Seelos (SEEL) and Zynerba (ZYNE) which trade on the Canadian and/or American stock exchanges and have market caps of at least US$45M.
The Index went DOWN 8.3% last week and is now DOWN 59.9% YTD.
4. The Pure-Play American MSO Pot Stock Index
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.
The Index went DOWN 12.5% last week and is now DOWN 53.0% YTD. Read American MSO Pot Stock Index Drops To A New Low that details the performance of each of the constituents last week and YTD.
5. The Ancillary Pot Stock Index
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 Index went DOWN 13.3% last week and is now DOWN 55.0% YTD.
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