Cannabis Central: Pot Stocks Took A Belated Holiday Wednesday Going Up Only 1.2%

The Non-Penny Pot Stock Index (NPSI) was more or less flat on Wednesday up a meager 1.2% on the day. Pyxus advanced the most (21.3%) while Zynerba declined the most (-9.7%).

Only 12 of the 39 NPSI constituents (pot stocks that trade for US$1/share or more) advanced while 27 declined. Only 3 stocks advanced more than 5% while 4 declined by 5% or more. Here are the details:

The Biggest Winners 

  • 1 constituent advanced +20%:
    • Pyxus (PYX) +21.3% 
  • 2 constituents advanced between 5% and 19.9%: 
    • Greenlane (GNLN) +6.7%
    • GrowGeneration (GRWG) +6.2%

The Biggest Losers

  • Zynerba (ZYNE) -9.7%
  • Abacus (ABAHF) -9.2%
  • Charlotte's Web (CWBHF) -8.8%
  • New Age (NBEV) -5.5%

Notable Mention: HEXO (HEXO) -2.7% (a former constituent but now trading below US$1/share.)

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

  • 2 trade above US$20/share,
  • 6 trade between US$10 and US$20/share,
  • 10 trade between US$5 and US$10/share and
  • 21 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 88% 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

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

This article may discuss small-, micro- and nano-cap stocks so do your own careful due diligence. Visit   more

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Lorimer Wilson 5 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.