E Cannabis Central: Pure-Play Pot Stock Index Up 3.1% Friday

The munKNEE.com Pot Stock Index of the 25 pure-play* cannabis stocks that trade for more than US$1/share advanced 3.1% on Friday with 16 of the constituents advancing, 1 having no change in price, 8 declining  and 2 of the 3 associated sector categories advancing. The details are as follows:

9 constituents advanced by 5% or more, namely:

  1. Medicine Man (SHWZ) +16.5%
  2. Trulieve (TCNNF) +10.1% (Read Cannabis Central: Trulieve Q2 Financials Show Record Revenue)
  3. TerrAscend (TRSSF) +8.7% (Read Cannabis Central: TerrAscend Pre-Announces Strong Q2 Financials - Stock Surges)
  4. Charlotte's Web (CWBHF) +6.9%
  5. Columbia (CCHWF) +6.8% (Read Cannabis Central: Columbia Care's Q2 Results Strongest In History)
  6. AYR (AYRSF) +6.2%
  7. Organigram (OGI​) +5.8%
  8. Valens (VLNCF) +5.6%
  9. Aurora (ACB) _5.0%

7 additional constituents advanced in price on Friday.

2 constituents declined by 5% or more, namely:

  1. cbdMD (YCBD) -7.0%
  2. Greenlane (GNLN) -5.8% (Cannabis Central: Greenlane Q2 Financials Reveal Decline In Net Sales & Gross Profits)

6 other constituents declined in price on Friday and one had no change in price.

Further details regarding the equal-weighted munKNEE.com Pot Stock Index are as follows:

1. *The 25 pure-play constituents in the PSI are just that, pure, deriving 100% of their revenue from the sale of cannabis or cannabis-related products. As such, unlike every marijuana ETF (see this TalkMarkets article) and every other cannabis tracking index (see this TalkMarkets article), the PSI excludes "wanna-be" companies that generate little, if any, of their total revenue from the cannabis industry so as to reflect the true health of the marijuana industry in the U.S. and Canada. As such, the excluded companies are: GW Pharmaceuticals (GWPH), Abbvie, (ABBV), Arena Pharmaceuticals (ARNA), GrowGeneration (GRWG), Scotts Miracle-Gro (SMG), Innovative Industrial Properties REIT (IIPR), New Age Beverages (NBEV), Alcanna (LQSIF), and Alkerna (KERN).

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