Cannabis Central: Pure-Play Pot Stock Index Flat On Tuesday
The munKNEE.com Pot Stock Index of the 25 pure-play* cannabis stocks that trade for more than US$1/share advanced 0.56% on Tuesday with 14 constituents advancing, 10 declining and 1 with no change in price. The details are as follows:
Only 2 constituents advanced by 5% or more namely:
12 other constituents advanced and 1 had no change in price.
Only 1 constituent declined by 5% or more, namely:
- Medicine Man (SHWZ) -5.1% vs. +7.9% on Monday and +5.8% last Friday
9 other constituents declined.
The constituents operate in 4 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:
- The Vertically Integrated (i.e. Seed-to-Sale) Category consists of 21 companies that grow, process, and sell cannabis and hemp flower and related products and it advanced 0.7%.
- the 7 constituents that are Canadian Licensed Producers (LPs) advanced 0.6%, on average. They are:
- the 12 constituents that are U.S. Multi-State Operators (MSOs) advanced 0.4% on average. They are:
- the 2 MSO constituents that are only involved in the seed-to-sale of CBD from hemp advanced 4.3%, on average. They are:
- The Extraction Category consists of companies focused on the extraction of cannabis compounds and their infusion into consumer products and it declined 0.5%, on average.
- The Consumption Devices Category consists of companies focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers. Its price declined 3.5%.
- the 1 constituent in this category is GNLN
- The Biotechnology Category consists of pharmaceutical companies marketing new drugs and products utilizing cannabinoids (CBD) and the category had no change in price.
- the 1 constituent in this category is AVCNF
*The 25 pure-play constituents in the munKNEE.com Pot Stock Index (PSI) are just that - pure - deriving 100% of their revenue from the sale of recreational and medicinal cannabis products and consumption devices to reflect the true health of the marijuana industry in the U.S. and Canada. As a result, the PSI excludes the following 12 ancillary companies often included in marijuana ETFs and industry tracking indices:
- GW Pharmaceuticals (GWPH): a bio-pharmaceutical company that generates 90% of its revenue from one cannabis-based product;
- Cara (CARA), Corbus (CRBP), Zynerba (ZYNE) and XPhyto (XPHYF): bio-pharmaceutical companies doing research into the development of pharmaceuticals containing CBD and/or THC;
- GrowGeneration (GRWG) and Scotts Miracle-Gro (SMG): companies supplying hydroponic equipment and marijuana-infused fertilizer, respectively;
- Innovative Industrial Properties (IIPR): a real estate investment trust (REIT) engaged in the acquisition and management of growing/processing facilties that are leased back to state-licensed operators;
- New Age Beverages (NBEV): a beverage company in the process of developing a marijuana-infused line of drinks;
- Alcanna (LQSIF): a retail liquor chain in Alberta, Canada, that also sells recreational marijuana products;
- Alkerna (KERN): a technology company that provides a central data management system for tracking regulated cannabis products and
- Village Farms (VFF): a grower and marketer of greenhouse produce and in a 57.4% joint venture with the private seed-to-sale Licensed Producer, Pure Sunfarms.
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