E Cannabis Central: Pure-Play Pot Stock Index Up 37.2% In First Two Weeks Of 2021

The munKNEE Pure-Play Pot Stock Index went up 19.9% during the first week of January and another 14.4% this past week making for a cumulative increase of 37.2% since the end of December 31st. This article provides the details of those moves.

(For more information on the reason(s) behind the changes outlined below you are urged to click on the stock symbols provided. All currency amounts are in U.S. dollars. Go here to convert to another currency.)

Index Performance

The criteria for being included in the Index is that the stock is consistently trading for a minimum of US$1/share and generates 100% of its revenue directly from the sale of cannabis products.

Federal marijuana legalization in the U.S. is required for Canadian Licensed Producer (LP) companies to be able to do business in the country and the Democrats have expressed favorable views about introducing such legislation to make that possible. The Canadian LPs continue to respond in a dramatic fashion to the Democrats' winning the two Senate seats in Georgia giving them a majority in the Senate.

The Canadian Licensed Producer (LP) Category has gone up 58.5% in the first 2 weeks of 2021 with 9 of the 10 stocks within the category advancing, in descending order, as follows:

  1. Tilray* (TLRY): +138.5% to $19.70/share
  2. Hexo** (HEXO): +95.9% to $7.21/share
  3. Aphria* (APHA): +79.5% to $12.42/share
  4. Valens (VLNCF): +60.0% to $2.08/share
  5. Cronos (CRON): +57.5% to $10.93/share
  6. Aurora (ACB): +44.9% to $12.04/share
  7. Canopy (CGC) +35.5% to $33.39/share
  8. Organigram (OGI) +35.3% to $1.70/share
  9. Neptune (NEPT): +29.5% to $2.02/share
  10. Rubicon (ROMJF): -5.7% to $2.67/share

* Aphria and Tilray announced plans to merge, creating what will be the largest global cannabis company by revenue; **HEXO and beverage giant Molson Coors (NYSE:TAP) announced that their joint venture, Truss CBD USA, is preparing to launch a new beverage.

1 2 3
View single page >> |

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Weed Investor 1 month ago Member's comment

Still a fan of $TLRY!