E Cannabis Central: Pure-Play Pot Stock Index Was Up On Wednesday

The munKNEE Pure-Play* Pot Stock Index was up 1.9% on Wednesday with 16 of the 25 constituents advancing and 9 declining. Only 4 constituents went UP by more than 5%, 1 went DOWN by 5% or more and 2 of the 3 industry categories went DOWN as well. Details are as follows:

Index Performance

The Index has companies doing business in a number of different categories and sub-categories based on their primary area of focus in the cannabis industry. Those categories are identified below along with the index constituents within each category that went up or down by 5% or more:

  1. The Vertically Integrated (i.e. Seed-to-Sale) Category has 22 index constituents that grow, process, and sell cannabis and hemp flower and related products and it went up 0.3%.
    1. The Canadian Licensed Producer (LPs) Category has 7 index constituents and it went up 3.7% with 2 constituents going up in price by 5% or more, namely,
      • Rubicon (ROMJF) +9.4% and
      • Aurora (ACB +6.4%
    2. the U.SMulti-State Operator (MSOs) Category has 13 index constituents and it went down 1.1% with three stocks changing price by +5%, namely,
      • Harvest Health (HRVSF) +17.3% on the heels of a 9.1% increase on Tuesday,
      • Trulieve (TCNNF) +5.2% and
      • Jushi (JUSHF) -14.3%.
    3. The hemp seed-to-sale MSO sub-category has two index constituents and it went down 2.2with neither constituent changing price by 5% or more. 
  2. The Extraction Category has two index constituents focused on the extraction of cannabis compounds and their infusion into consumer products and it went down 4.1with neither constituent changing price by 5% or more.
  3. The Consumption Devices Category has only one index constituent focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers, namely,  Greenlane (GNLN), and it went down 0.3%.
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