E Cannabis Central: Pure-Play Pot Stock Index Reversed Direction On Tuesday

The munKNEE Pure-Play Pot Stock Index went DOWN 3.2% on Tuesday. 17 of the 25 constituents went DOWN and 8 went UP in price. In addition, 2 of the 3 index categories also went DOWN. The winners and losers are as follows:

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 3.3% (up 3.3% on Monday). The category consists of  22 index constituents that grow, process, and sell cannabis and hemp flower and related products.
    1. The Canadian Licensed Producer (LPs) Sub-Category went down 9.1% (up 3.9% on Monday) 6 of the 7 index constituents within the category changed prices by 5% or more, as follows: 
      1. Aurora (ACB) -16.5%  vs.+11.6% on Monday
      2. Tilray (TLRY) -10.7%  vs. +6.4% on Monday
      3. Organigram (OGI) -9.2%  vs. +6.0% on Monday
      4. Aphria (APHA) -8.7%  vs. +8.6% on Monday
      5. Canopy Growth (CGC) -7.5%  vs. -0.7% on Monday
      6. Cronos (CRON) -6.0%  vs. +4.5% on Monday
    2. The U.SNon-Hemp Multi-State Operator (MSOs) Sub-Category went up 0.2but only 1 of the 13 index constituents in the category changed price by 5% or more, namely:
      1. Acreage (ACRHF) -6.8%
    3. The Hemp Seed-to-Sale MSO Sub-Category went down 7.3% (up 4.3% on Monday) with both index constituents in the category changing in price by 5% or more, namely:
      1. Charlotte's Web (CWBHF) -6.9% vs. N/C on Monday
      2. cbdMD (YCBD) -8.0%  vs. +12.7% on Monday
  2. The Extraction Category went down 0.4% vs. + 3.1% on Monday. This category focuses on the extraction of cannabis compounds and their infusion into consumer products, and 1 of the 2 index constituents within the category changed price by 5% or more, namely:
    • Valens (VLNCF) -7.1% vs +9.2% on Monday.
  3. The Consumption Devices Category went down 0.5% vs +16.9% on Monday. 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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