Cannabis Category Performances Ranged From +8.6% To -7.0% This Week

The 5 categories in the cannabis sector perform quite differently from each other and below is a summary of how each category has performed during the week ending March 25, 2023, in descending order:

  1. The Psychedelic Drug Stocks Index: UP 8.6%
    • The Index consists of 7 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), GH Resources (GHRS) and  Incannex Healthcare (IXHL).
    • Compass Pathway was the best performer, UP 21.0%; Incannex (IXHL) was the worst performer, DOWN 1.5%
  2. The Conservative Pot Stocks Index: UP 2.0%
    • 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).
    • The constituent stocks all pay dividends with yields ranging from just 0.9% for Anheuser Busch to 8.6% for Altria and average out at 3.1%.
    • Anheuser-Busch was the best performer, UP 3.8%; Altria was the worst performer, DOWN 3.0%.
  3. The Canadian Cannabis LPs Index: DOWN 1.5%
    • The Index consists of the 5 largest Canadian Licensed Producers, namely: Aurora (ACB); Canopy Growth (CGC); Cronos (CRON); Organigram (OGI), and Tilray (TLRY).
    • Organigram was the best performer, UP 1.6%; Canopy Growth was the worst performer, DOWN 5.0%.
  4. The Ancillary Pot Stock Index: DOWN 5.3%
    • 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).
    • AFC Gamma was the best performer, UP 2.1%; Scotts Miracle-Gro was the worst performer, DOWN 8.3%.
  5. The American Cannabis MSOs Index: DOWN 7.0% 
    • 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 (RNGTBIF);  Jushi (JUSHF); Planet 13 (PLNHF); TerrAscend (TRSSF); Trulieve (TCNNF) and Verano  (VRNOF).
    • ALL constituents were down on the week ranging from -1.7% for Verano to -14.6% for Acreage.

In summary, the 5 cannabis/cannabis-related company stock category performances ranged from: +8.6% to -7.0% week ending March 25th.

More By This Author:

An Aggressive ETF Portfolio For 2023: An Update
Largest American Cannabis MSO Performances: An Update
Largest Canadian Cannabis LP Performances: An Update

Disclosure: None

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