E Cannabis Central: Crash Continues Unabated - Sector Was Down 11.2% On Monday

Cannabis stocks crashed 11.2%, on average, yesterday, with only 1 non-penny stock bucking the trend while 12 such stocks dropped in excess of 15%. (To put things in perspective, the S&P 500 declined 10.9%, in comparison.)

The cannabis market consists of 319 publicly-traded companies of which the vast majority trade for less than $1/share (i.e. are penny stocks) and it is acknowledged that even small changes in such prices can have a very large effect on the percentage change. Because of the aforementioned, this post only highlights those stocks that are currently trading above $1/share.

Below are those pot stocks trading above $1/share that increased in price and those that declined by at least 15%, in descending order:  (Source of data)

Best Performer (and the only pot stock to go up on Monday)

  • Cronos Group (CRON.TO); +2.6%

Worst Performers

  1. Abacus Health (ABCS.CN); -29.5%
  2. Ayr Strategies (AYR-A.CN); -26.9%
  3. Harvest Health (HARV.CN); -25.8%
  4. New Age Beverages (NBEV); -24.7%
  5. Pyxus International (PYX); -24.6%
  6. Tilray Inc. (TLRY); -24.2%
  7. Innovative Industries (IIPR); -20.5%
  8. Greenlane Holdings (GNLN); -19.4%
  9. Grow Generation (GRWG); -19.0%
  10. Acreage Holdings (ACRG-U.CN); -18.6%
  11. Akerna Corp. (KERN); -18.0%
  12. Columbia Care (CCHW); -15.6%

Notable Mentions

  1. Cresco Labs(CL.CN); -13.9%
  2. Aurora Cannabis (ACB.TO); -7.5%
  3. Trulieve Cannabis (TRUL.CN); -7.2%
  4. Green Thumb (GTII.CN); -5.8%
  5. Canopy Growth (WEED.TO); -4.9%
  6. Aphria Inc. (APHA.TO); -3.8%

Below is a Heat Map to visualize the carnage in the sector today from WeedStreet420.com. Check it out.

(Click on image to enlarge)

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How did the marijuana stock sector perform last week? Go here for the details from this exclusive article posted on TalkMarkets.

This article may discuss small-, micro- and nano-cap stocks so do your own careful due diligence. Visit   more

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