E Cannabis Central: Non-Penny Pot Stocks Up Dramatically As Of July 10

This past week saw the largest gains in 3 months for the equal-weighted, pure-play non-penny Pot Stock Index (NPSI) advancing 7.1% with 17 of 25 constituents going up and seven going down and one experiencing no change in price. 

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 Non-penny Pot Stock Index.

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

Major Winners

  • 3 constituents went UP in excess of 15%, namely:
    • cbdMD (YCBD) + 22.6%
    • TerrAscend (TRSSF) +15.8%
    • Tilray (TLRY) +15.1%
  • 4 constituents went UP between 10% and 14.9%, namely:
    • Trulieve (TCNNF) +14.1%
    • Green Thumb (GTBIF) +12.9%
    • Columbia (CCHWF) +11.5%
    • Curaleaf (CURLF) +10.0%
  • 7 constituents went UP between 5% and 9.9%, namely:
    • Cresco (CRLBF) +9.3%
    • Rubicon (ROMJF) +8.8%
    • Neptune (NEPT) +8.7%
    • Village Farms (VFF) +7.1%
    • AYR (AYRSF) +6.9%
    • Canopy (CGC) +5.9%
    • Acreage (ACRGF) +5.6%

Three other constituents went up by less than 5%.

Major Losers

  • 5 of the 7 constituents went DOWN by 5% or more, namely:
    • Valens (VLNCF) -14%
    • Medicine Man (SHWZ) -13.4%
    • Avicanna (AVCNF) -9.1%
    • Greenlane (GNLN) -7.9%
    • Organigram (OGI) -5.6%

The remaining two constituents went down by less than 5%.

Further details regarding the equal-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.
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