Cannabis Category Performances Ranged From -5.1% To -35.3% Last Week
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The 5 categories in the cannabis sector perform quite differently from week to week and last week was no exception. Below is a summary of how each category performed last week, in descending order, since the end of October (i.e. 6 weeks) and YTD:
- The Conservative Pot Stocks Index was:
- DOWN 5.1% last week,
- UP 1.8% in the last 6 weeks,
- UP 3.6% (including dividends) 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 0.89% for Anheuser Busch to 8.05% for Altria and average out at 2.87%.
- Read: Conservative Cannabis Stocks Index Up 5.7% In November
- The Ancillary Pot Stock Index was:
- DOWN 7.0% last week,
- UP 5.1% in the last 6 weeks,
- DOWN 60.2% 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 8.9% last week,
- DOWN 2.2% in the last 6 weeks,
- DOWN 51.0% 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.
- Read Major Psychedelic Drug Stocks Down 9% Last Week; Now Down 51% YTD that details the performance of each of the constituents last week.
- The Canadian Cannabis LPs Index was:
- DOWN 24.5% last week,
- DOWN 7.1% in the last 6 weeks,
- DOWN 58.0% 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 The 5 Largest Canadian Cannabis Stocks Dropped 24.5% This Week that details the performance of each of the constituents.
- The American Cannabis MSOs Index was:
- DOWN 35.3% last week,
- UP DOWN 18.3% in the last 6 weeks,
- DOWN 72.0% 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 American Cannabis Stocks Collapsed 35% This Week
which details the performance of each of the constituents last week.
In summary, the 5 cannabis/cannabis-related company stock category performances ranged, depending on the category, from:
- -5.1% to -35.3% last week,
- +5.1% to -18.3% in the past 6 weeks and
- +3.6% to -72.0% YTD
More By This Author:
Major Psychedelic Drug Stocks Down 9% Last Week; Now Down 51% YTD
Largest American Cannabis Stocks Collapsed 35% This Week
The 5 Largest Canadian Cannabis Stocks Dropped 24.5% This Week
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