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)

Image

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

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

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.