Cannabis Central: Pot Stock Index Up 3.5% On Thursday

The Non-Penny Pot Stock Index (NPSI) was UP 3.5% Thursday with 7 of the 9 industry categories advancing. Aurora was the major mover, yet again, on Thursday (+36.5%) following a -13% on Wednesday, -14% on Tuesday, +53% on Monday and +69% the previous Friday.  

28 of the 38 NPSI constituents advanced, 1 had no change in price and 9 declined. Here are the details:

The Biggest Winners: 

On Thursday 13 constituents advanced by 5%, or more, as follows:

  • 1 constituent advanced +20%:
    • Aurora (ACB) +36.5%
  • 5 constituents advanced between 10% and 19.9%:
    • Tilray (TLRY) +19.9%
    • Greenlane (GNLN) +14.5%
    • Cronos (CRON) +11.9%
    • Abacus (ABAHF) +11.4% 
    • Columbia (CCHWF) +10.0%
  • 7 constituents advanced between 5% and 9.9% 
    • Charlotte's Web (CWBHF) +9.3%
    • Aphria (APHA) +8.8%
    • Canopy Growth (CGC) +7.8%
    • Planet 13 (PLNHF) +7.1%
    • AYR (AYRSF) +6.9%
    • Alcanna (LQSIF) +5.8%
    • Acreage (ACRGF) +5.4%

15 other constituents had either No Change in price (1) or modest gains of less than 5%.

The Biggest Losers:

On Thursday only 1 NPSI constituents declined in excess of 5%, namely:

  • FSD Pharma (HUGE) -6.8% 

8 other constituents declined less than 5%.

Notable Mentions:

cbdMD (YCBD) +9.7%; HEXO (HEXO) +6.9%

Constituent Performance By Industry Category

All but 2 of the 9 industry categories advanced. Here are the details:

  1. Cultivation & Retail Category:
  2. Biotechnology Category:
    • This category consists of pharmaceutical companies focused on the R&D of new drugs and products utilizing cannabinoids.
    • There are 7 NPSI constituents within this category (ABAHF; AVCNF; CARACRBP; GWPH; XPHYFZYNEand they went UP 0.7%, on average.
  3. Marijuana-Infused Products Category:
    • This 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.
    • There are 3 NPSI constituents within this category (CRLBF; NEPT; NBEVand they went UP 1.1%, on average.
  4. Consumption Devices Category:
    • This category consists of companies focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers.
    • There are 3 NPSI constituents within this category (AYRSFGNLNPYXand they went UP 6.5%, on average.
  5. Agricultural Technology Category:
    • This 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.
    • There are 2 NPSI constituents within this category (GRWGVFFand they went UP 1.2%, on average.
  6. Real Estate Category:
    • This category consists of investment companies and REITs that develop, own, and/or lease commercial real estate properties to licensed cannabis operators.
    • There is only 1 NPSI constituent within this category (IIPR) and it went UP 1.6%.
  7. Business Services/Consulting Category:
    • This 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.
    • There is only 1 NPSI constituent in this category (SHWZand it went DOWN 2.1%.
  8. Technology & Media Category:
    • This 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.
    • There is only 1 NPSI constituent in this category (KERN) and it went DOWN 0.7%.
  9. Hemp Products Category:
    • This category consists of companies that produce and sell hemp products.
    • There is only 1 NPSI constituent in this category (CWBHF) and it went UP 9.3%.

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

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Lorimer Wilson 3 years ago Contributor'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.