Cannabis Central: Most Pot Stock Index Constituents Went Down Last Week

The munKNEE.com Pure-Play Pot Stock Index was DOWN 5.5% this past week (+3.5% the previous week) with 21 constituents going down (7 went down the previous week) and 4 going up (17 went up the previous week). In addition, 2 of the 3 industry categories went down (2 went up last week).

The winners and losers are as follows.

Index Performance

The Index has companies doing business in a number of different categories and sub-categories based on their primary area of focus in the cannabis industry. These categories are identified below along with those stocks within each category that changed price by 10% or more:

  1. The Vertically Integrated (i.e. Seed-to-Sale) Category has 22 index constituents that grow, process, and sell cannabis and hemp flower and related products and it was down 2.6% last week (+3.7% the previous week).
    1. The Canadian Licensed Producer (LPs) Category has 7 index constituents and it went down 7.0% (+10.1% the previous week) with the following constituents within the category changing prices by 10% or more, namely: 
      1. Tilray (TLRY) -15.2% (+21.0% the previous week)
      2. Aurora (ACB) -13.5% (+16.4% the previous week)
    2. the U.SMulti-State Operator (MSOs) Category has 13 index constituents and it had No Change in price (+1.2% the previous week), with only Planet 13 (PLNHF) -11.9% changing price by 10% or more.
    3. The hemp seed-to-sale MSO sub-category has two index constituents and it went down 9.7% (-1.8% the previous week) but neither constituent within the category changed price by 10% or more. 
  2. The Extraction Category has two index constituents focused on the extraction of cannabis compounds and their infusion into consumer products and it went up 1.0% (-12.1% the previous week) but neither constituent within the category changed price by 10% or more.
  3. The Consumption Devices Category has only one index constituent (Greenlane (GNLN) focused on developing and selling personal consumption devices for cannabis consumers, such as vape pens and inhalers, and it went down 25.9% (+14.7% the previous week).

*Please note: The 25 pure-play stocks in the munKNEE.com Pure-Play Pot Stock Index are just that, pure, deriving 100% of their revenue from the sale of recreational and medicinal cannabis and consumption-related products and, as such, the Index reflects the true health of the marijuana industry in the U.S. and Canada. In addition, the Index only includes those pure-play cannabis stocks that consistently trade for more than US$1/share.

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