Cannabis Category Performances Ranged From +0.5% To -17% Last Week
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The 5 categories in the cannabis sector perform quite differently week-to-week and last week was no exception. Below is a summary of each category's performance last week, in descending order, since the beginning of December (i.e. 3 weeks) and YTD:
- The Conservative Pot Stocks Index was:
- UP 0.5% last week,
- DOWN 7.3% in the last 3 weeks,
- DOWN 1.7% YTD (UP 1.17% including dividends)
- 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 0.89% for Anheuser Busch to 8.05% for Altria and average out at 2.87%.
- The Ancillary Pot Stock Index was:
- DOWN 4.9% last week,
- DOWN 14.2% in the last 3 weeks,
- DOWN 63.3% 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.
- The Psychedelic Drug Stocks Index was:
- DOWN 7.6% last week,
- DOWN 21.7% in the last 3 weeks,
- DOWN 57.9% 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.
- The Canadian Cannabis LPs Index was:
- DOWN 12.3% last week,
- DOWN 37.2% in the last 3 weeks,
- DOWN 65.1% 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: Largest Cannabis MSO Stocks -17% This Week
- The American Cannabis MSOs Index was:
- DOWN 17.4% last week,
- DOWN 37.2% in the last 3 weeks,
- DOWN 65.1% 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.
- Read: Largest Cannabis MSO Stocks -17% This Week
In summary, the 5 cannabis/cannabis-related company stock category performances ranged, depending on the category, from:
- +0.5% to -17.4% last week,
- -7.3% to -46.7% in the past 3 weeks and
- +1.2% (dividends included) to -71.6% YTD
More By This Author:
Largest Psychedelic Stocks -7.6% This Week; Now -21.7% This Month
Largest Plant-Based Food Stock Collapse Continues: DOWN 8% This Week
Major Canadian Cannabis LP Stocks Down 12% More This Week
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