E Cannabis Central: Pure-Play Pot Stock Declined +2% On Monday

The munKNEE Pure-Play Pot Stock Index showed considerably more weakness on Monday (-2.2%) with 17 of the 25 index constituents falling. Here are the winners and losers.

Index Performance

The constituents in the Index operate in 3 categories based on their primary area of focus in the cannabis industry and the constituents within each category are identified below with how each of the categories did along with those stocks within each category that changed price by 5% or more:

  1. The Vertically Integrated (i.e. Seed-to-Sale) Category went down 2.2%. The category consists of 22 index constituents that grow, process, and sell cannabis and hemp flower and related products. It has 3 subsectors:
    1. The Canadian Licensed Producer (LPs) Sub-Category went down 2.2% with none of the 7 index constituents within the category changing prices by 5% or more.
    2. The U.SNon-Hemp Multi-State Operator (MSOs) Sub-Category went down 1.7% with only 1 of the 13 index constituents in the category changing price by 5% or more, namely:
      1. Medicine Man (SHWZ) +15.5% compared to +8.0% on Friday and +6.2% on Thursday
    3. The Hemp Seed-to-Sale MSO Sub-Category went down 2.0with one of the two index constituents in the category changing in price by 5% or more, namely:
      1. cbdMD (YCBD) +11.5%
  2. The Extraction Category went up 0.7%. This category, with two companies, focuses on the extraction of cannabis compounds and their infusion into consumer products. 
  3. The Consumption Devices Category went down 2.1%. This category has only one index constituent, Greenlane (GNLN), which is focused on developing and selling personal consumption devices for cannabis consumers, such as vape pens and inhalers.
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