E Cannabis Central: Friday Saw Non-Penny Pot Stocks Advance Impressively

The equal-weighted, pure-play non-penny Pot Stock Index (NPSI) had a remarkable day on Friday up more than any other day in the past month advanced 6.3% with 19 of 25 constituents going UP and six going DOWN. In addition, two of the three associated sector categories advanced as well. The details are as follows.

The pot stock universe has 400+ pure-play, cannabis-related and ancillary securities listed on the various Canadian and American stock exchanges of which approx. 300 actively trade. Only 25 of those 300 stocks (i.e. 8%) trade for at least US$1/share and, as such, are included in the Non-penny Pot Stock Index.

Below are the price changes for the constituents that either advanced or declined by 5% or more on Friday:

Major Winners

  • 4 stocks went UP in excess of 10%
    • Trulieve (TCNNF) +14.7%
    • Cresco (CRLBF) +12.6%
    • Canopy (CGC) +12.6%
    • Curaleaf (CURLF) +11.1%
  • 8 stocks went UP between 5% and 9.9%
    • Green Thumb (GTBIF) +9.6%
    • Columbia (CCHWF) +8.5%
    • TerrAscend (TRSSF) +8.3%
    • Acreage (ACRGF) +8.2%
    • Tilray (TLRY) +8.1%
    • Charlotte's Web (CWBHF) +6.6%
    • Greenlane (GNLN) +6.0%
    • Cronos (CRON) +5.0%

The remaining seven constituents went up by less than 5%.

Major Losers

Only one of the six constituents went DOWN by 5% or more, namely, Medicine Man (SHWZ) by 6.6%. The remaining five constituents went DOWN by less than 5%.

Further details regarding the equally-weighted index are as follows:

  • 4 constituents trade between US$10 and US$20/share,
  • 5 trade between US$5 and US$10/share and
  • 16 trade between US$1 and US$5/share. 
    • The official definition of a "penny" stock is one that trades below US$5/share but, when it comes to pot stocks, that is where 92% of the total universe trades, so the more literal definition of stocks that trade for less than US$1/share is used. 

The market capitalization makeup of the NPSI (calculated by multiplying the number of a company's shares outstanding by its stock price per share) now consists of:

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