The Non-Penny Pot Stock Index (NPSI) was UP 1.8% on Monday with 20 of the 39 constituents having some minor gains and 15 showing some weakness (4 saw no change in price). 6 of the 9 sector categories advanced.

298 cannabis companies have securities that actively trade on the various stock exchanges in Canada and the United States of which 39 (just 13% of the total) trade for at least US$1/share and, as such, are included in my proprietary Non-penny Pot Stock Index (NPSI).

Below are the price changes on the day for the few constituents that either advanced or declined by 5% or more from Friday:

The Biggest Winners 

1. Innovative Industrial Properties Inc. (IIPR) +6.9%
2. Aphria Inc. (APHA) +5.0%

The Biggest Losers

1. Acreage (ACRGF) -5.8%
2. Canopy Growth (CGC) -5.1%

Notable Mention 

• HEXO (HEXO) -7% (a former constituent but now trading below US$1/share.)
• With the 19% increase in the average cannabis stock in May (see detail here) 5 additional companies began trading in excess of US$1/share and, therefore, are technically illegible to be included in the NPSI (4 Micro-Cap i.e.US$50M to US$300M and 1 Nano-Cap i.e. less than US$50M). If any of these stocks are still trading above US$1/share at the end of the month they will be added to the NPSI. The stocks in question are: Canopy Rivers Inc. (CNPOF); Jushi Holdings Inc. (JUSHF); KushCo Holdings Inc. (KSHB); Canafarma Hemp Products Corp. (CNFA) and EGF Theramed Health Corp. (EVAHF)

Further details regarding the current constituents of the NPSI are as follows:

• 2 trade above US$20/share,
• 6 trade between US$10 and US$20/share,
• 9 trade between US$5 and US$10/share and
• 22 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 87% 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 makeup of the NPSI (calculated by multiplying the number of a company's shares outstanding by its stock price per share) is as follows:

• Large-Cap (+US$10B): 0
• Mid-Cap (US$2B to US$10B): 3
• Small-Cap (US$300M to US$2B): 13
• Micro-Cap (US$50M to US$300M): 19
• Nano-Cap (Less than US$50M): 4

In addition, the constituents operate within 9 categories based on their primary area of focus in the cannabis industry and the constituents within each category are identified in the TalkMarkets' article "Cannabis Central: Finally - The Pot Stock Marketplace Demystified".

Below is how well each of the categories did on Monday:

• Cultivation & Retail Category: -0.8%
  • The category consists of companies that grow and sell cannabis flower and related products.
• Biotechnology Category: +1.2%
  • The category consists of pharmaceutical companies focused on R&D of new drugs and products utilizing cannabinoids.
• Marijuana-Infused Products Category: +0.7%
  • The category consists of companies focused on developing and selling marijuana-infused products and companies focused on the extraction of cannabis compounds and their infusion into consumer products.
• Consumption Devices Category: -2.2%
  • The category consists of companies focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers.
• Agricultural Technology Category: +1.4%
  • The category consists of companies focused on providing automated growing systems, greenhouses, farming products, nutrients, hydroponics, fertilization systems, horticultural expertise, LED/lighting technologies, air filtration systems, and climate control and energy efficiency systems.
• Real Estate Category: +6.9%
  • The category consists of investment companies and REITs that develop, own, and/or lease commercial real estate properties to licensed cannabis operators.
• Business Services/Consulting Category: +2.5%
  • The category consists of companies that provide professional services such as branding, packaging, bottling, compliance, physical security, transportation, lab testing, distribution, and insurance. consulting and other business services directly to marijuana cultivators and retailers.
• Tech & Media Category: +4.6%
  • The category covers companies that provide delivery services, enterprise software, e-commerce platforms, communication and mapping services, and trading platforms and companies that provide marijuana-related media including news, content, social networks, games, and entertainment.
• Hemp Products Category: +2.6%
  • The category consists of companies that produce and sell hemp products.

To see how the new Non-penny Pot Stock Index (NPSI) has done on a daily basis recently, visit the daily updates here.