Cannabis Category Performances Last Week Ranged From +5.2% To -2.3%
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The 5 categories in the cannabis sector perform quite differently week to week and last week was no exception with three (3) categories advancing. Below is a summary of how each category performed last week, in descending order and since the end of October (i.e. 4 weeks):
- The Pure-Play Psychedelic Compounds-Based Stocks Index was:
- UP 5.2% last week and is
- UP 0.2% in the last 4 weeks
- 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.
- The Conservative Pot Stocks Index was:
- UP 3.0% last week and is now
- UP 4.4% in the last 4 weeks
- 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 1.05% for Anheuser Busch to 8.12% for Altria and average out at 2.95%.
- The Ancillary Pot Stock Index was:
- UP 2.4% last week and is now
- UP 10.6% in the last 4 weeks
- 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 on the Canadian and/or American stock exchanges and have a market cap of at least US$100M.
- The American Cannabis MSOs Index was:
- UP 1.6% last week and is now
- UP 14.2% in the last 4 weeks
- 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.
- The Canadian Cannabis LPs Index was:
- DOWN 2.3% last week but is
- UP 6.9% in the last 4 weeks
- 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, depending on the category, from:
- +5.2% to -2.3% last week, and are now
- +14.2% to +0.2% in the past 4 weeks.
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