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:
  •  Cresco (CRLBF) +9.8%
  • TerrAscend (TRSSF) +9.6%
  • Curaleaf (CURLF) +7.4%
  • Cronos (CRON) +6.8%
• 7 other constituents went UP by less than 5%.

Major Losers

• 2 constituents went DOWN by 5% or more, namely:
  • Tilray (TLRY) -8.5%
  • Neptune (NEPT) -5.1%
• 7 other constituents went DOWN by less than 5%.

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

• 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 of the 25 constituents in the NPSI is US$962.8M, on average.
• The constituents operate in 3 categories based on their primary area of focus and they are identified below within each applicable category:
  1. The Vertically Integrated (i.e. Seed-to-Sale) Category consists of 22 companies that grow, process, and sell cannabis and hemp flower and related products of which:
     • 8 constituents are Canadian Licensed Producers (LPs), namely: ACB; APHA; CGC; CRON; OGI;   ROMJF; TLRY and VFF
       • and they advanced 1.8%, on average, this past week.
     • 11 constituents are American Multi-State Operators (MSOs), namely: ACRGF; AYRSF; CCHWF; CRLBF;  CURLF; GTBIF; JUSHF; PLNHF; SHWZ; TRSSF and TCNNF
       • and they advanced 3.2%, on average, this past week.
     • 3 constituents are only involved in the seed-to-sale of CBD from hemp, namely: AVCNF; CWBHF and  YCBD
       • and they advanced 3.8%, on average, this past week.
  2. The Extraction Category consists of companies focused on the extraction of cannabis compounds and their infusion into consumer products of which:
     • 2 are NPSI constituents, namely: NEPT and VLNCF
       • and they declined by 3.2%, on average, this past week.
  3. The Consumption Devices Category consists of  companies focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers.
     • 1 constituent is in this category, namely, GNLN
       • and it advanced 10.7% this past week.

You have shown a serious interest in the cannabis sector by reading this article to the very end so don't stop here. Check out the following exclusive articles posted recently on TalkMarkets for more information on the marijuana market that is not to be found anywhere else, namely: "Marijuana" ETFs: A Troubling Expose and Cannabis Central: Most Pot Stocks Are Losers YTD But These 6 Are Winners.

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