Cannabis Central: Pot Stocks Averaged Down 1.0% Last Week

It was relatively quiet last week with the average marijuana stock only going down by 1.0% according to the EQM Global Cannabis Index that tracks the performance of 85 Canadian L.P. and American MSO pot stocks. As can be seen in the table below only 3 stocks experienced increases or decreases of 10% or more and this post details the reasons for their performance.

The cannabis market consists of 319 publicly-traded companies of which the vast majority trade for less than $1/share and it is acknowledged that even small changes in such prices can have a very large effect on the percentage change. Because of the aforementioned, this post only highlights those stocks that are currently trading above $1/share.

Canadian Cannabis Stock Performance

U.S. & International Cannabis Stock Performance

• Planet 13 Holdings Inc. (CSE: PLTH; OTCQX :PLNHF) +24.2%
  • the stock jumped on the news that dosist™ had launched a shop-in-shop within Planet 13's SuperStore dispensary in Nevada as a sales and education platform to introduce its dose-controlled cannabis therapy to Planet 13's 1 million-plus annual visitors.
• Tilray Inc. (NASDAQ: TLRY) +11%
  • the stock increased during the week on no specific news.
• Acreage Holdings Inc. (CSE: ACRG.U; OTCQX: ACRGF) -10%
  • the stock declined during the week on no specific news.