E Cannabis Central: Non-Penny Pot Stocks Down This Week

The Non-penny Pot Stock Index ( NPSI) declined 6.2% week-ending June 26th with 17 of the 29 constituents going DOWN 5% or more and just 1 going UP by +5% or more. In addition, only 2 of the 6 categories in which the constituents do business advanced. The details are as follows:

Within the equally-weighted index of 29 constituents:

7 advanced: 

  • 1 went UP by 5% or more, namely: 
    • Greenlane (GNLN) +10.7%
  • 6  went UP less than 5%.

22 declined:

  • 5 went DOWN by +10%, namely:
    • XPhyto (XPHYF) -19.5%; Charlotte's Web (CWBHF) -18.0%; Medicine Man (SHWZ) -15.2%; New Age (NBEV) -14.7% and Organigram (OGI) -11.6% and 
  • 12 went DOWN between 5% and 9.9%, namely: 
    • Village Farms (VFF) -9.2%; Aphria (APHA) -8.3%; Canopy Growth (CGC) -8.0%; Planet 13 (PLNHF) -8.0%; cbdMD  (YCBD) -7.9%; Avicanna (AVCNF) -7.5%; GW Pharma (GWPH) -7.3%; TerrAscend (TRSSF) -7.0%; Innovative Industrial REIT (IIPRIIPR) -6.7%; Aurora (ACB) - 6.7%; Cronos (CRON) -6.5% and Cresco (CRLBF) -6.0%
  • 5 went DOWN less than 5%.

As mentioned in previous articles the pot stock universe has:

  • 400+ pure-play and ancillary securities listed on the various Canadian and American stock exchanges,
  • 300 or so of the listed securities trade occasionally of which
  • 200 actively trade on a regular basis of which only
  • 29 stocks trade for at least US$1/share and, as such, are included in my proprietary equally-weighted Non-penny Pot Stock Index of which:
    • 2 trade above US$20/share,
    • 4 trade between US$10 and US$20/share,
    • 4 trade between US$5 and US$10/share and
    • 19 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 90% of the total universe trades, so the more literal definition of stocks that trade for less than US$1/share is used.) 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 90% of the total universe trades, so the more literal definition of stocks that trade for less than US$1/share is used.
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