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

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments