E Cannabis Central: Pot Stock Index Up 0.9% Tuesday; 5 Of 9 Categories Up

The Non-Penny Pot Stock Index (NPSI) was only UP 0.9% on Tuesday with 20 of the 39 constituents having some minor gains and 18 showing some minor weakness (1 saw no change in price). 5 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 yesterday (Monday):

The Biggest Winners 

  1. Medicine Man (SHWZ) +30.3%
  2. Alcanna (LQSIF) +15.1%
  3. cbdMD (YCBD) +7.3%
  4. Abacus (ABAHF) +7.2%
  5. GrowGeneration (GRWG) +7.1%

The Biggest Loser

Harvest Health (HRVSF)  -7.0%

Notable Mentions 

  • HEXO (HEXO) -5.1% (a former constituent but now trading below US$1/share.)
  • With the 19% increase in the average cannabis stock in May (see detail here) 3 additional companies are now trading marginally above US$1/share and, therefore, are technically eligible to be included in the NPSI, namely, The stocks in question are: KushCo Holdings Inc. (KSHB); Canafarma Hemp Products Corp. (CNFA) and EGF Theramed Health Corp. (EVAHF). 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. 

Further details regarding the current constituents of the NPSI 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 87% of the total universe trades, so the more literal definition of stocks that trade for less than US$1/share is used.
  • 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 9 categories did on Tuesday:
    1. Cultivation & Retail Category: -1.0%
    2. Biotechnology Category: +1.7%
    3. Marijuana-Infused Products Category: -1.2%
    4. Consumption Devices Category: -0.1%
    5. Agricultural Technology Category: +4.7%
    6. Real Estate Category: +0.6%
    7. Business Services/Consulting Category: +30.3%
    8. Tech & Media Category: +3.9%
    9. Hemp Products Category: +1.7%
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Lorimer Wilson 4 weeks ago Author's comment

Thanks for reading this article. You are now one of the most informed potential pot stock investors anywhere. That being said, what more information would you like to know about the cannabis industry? Also, if you have any constructive criticism of the article please let me know. Thanks.

Lorimer Wilson 4 weeks ago Author's comment

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