E Cannabis Central: Non-Penny Pot Stocks Advanced Again This Past Week

The week ending July 17th saw further gains for the Non-penny Pot Stock Index (NPSI) advancing 2.6% on top of a 7.1% gain the week before. 

The pot stock universe has 400+ cannabis-related securities listed on the various Canadian and American stock exchanges of which approx. 300 actively trade. Of those 300 stocks (i.e. 8%), however, only 25 are true marijuana stocks that trade for at least US$1/share and, as such, are included in the NPSI.

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

Major Winners

  • 2 constituents went UP in excess of 15%, namely:
    • Planet 13 (PLNHF) +31.7%
      • as a result of its announcement that it has acquired the Nevada cannabis licenses at a 45,000 square foot indoor cultivation and production facility in Las Vegas, Nevada.
    • Aphria (APHA) +18.6%
      • as a result of its talks with Aurora to merge their two companies. Talks have broken down but there are hopes that their differences can be resolved and merger talks can resume.
  • 3 constituents went UP between 10% and 14.9%, namely:
    • cbdMD (YCBD) +13.8%
      • as a result of its new application to pursue patented protection of its novel formulations and delivery systems and methods of manufacturing and use.
    • Jushi (JUSHF) +12.2%
      • as a result of it successfully raising $16.3M towards the acquisition of Vireo Health’s (OTC:VREOF) Pennsylvania Medical Solutions in an effort to strengthen its position in the state’s market.
    • Greenlane (GNLN) +10.7%
      • as a result of its new partnership with NEO Plastics to provide sustainable and environment friendly solutions for its discarded plastics.
  • 4 constituents went UP between 5% and 9.9%, namely:
  • 7 other constituents went UP by less than 5%.
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