E Cannabis Central: Pure-Play Pot Stock Portfolio Performance Plummets On Wednesday

The Pure-Play Pot Stock Portfolio of the 25 pure-play cannabis stocks that trade for more than US$1/share plummeted 5.7% on Wednesday led by a 29.4% drop in Aurora. 22 of the constituents declined as did all 4 categories. Details are as follows:

Wednesday's Portfolio Performance

  • Only Rubicon (ROMJF) and Medicine Man (SHWZ) advanced, by 1.6% and 1.5%, respectively,
  • 8 of the 22 stocks that declined did so by 5% or more (1 had No Change in price), namely:
    1. Aurora (ACB) -29.4% (in reaction to today's Q4 Financial Report)
    2. Tilray (TLRY) -12.5%
    3. Greenlane (GNLN) -10.4%
    4. Canopy (CGC) -9.0%
    5. Neptune (NEPT) -8.8%
    6. Organigram (OGI) -6.7%
    7. Charlotte's Web (CWBHF) -6.5%
    8. Planet 23 (PLNHF) -6.3%

The 25 munKNEE Pure-Play Pot Stock Portfolio includes companies doing business in 4 categories based on their primary area of focus in the cannabis industry. The categories are identified below with how they performed given the performance of the stocks in the portfolio that make up each category:

  1. The Vertically Integrated (i.e. Seed-to-Sale) Category has 21 portfolio participants that grow, process, and sell cannabis and hemp flower and related products and it was DOWN 5.6% (UP 2.4% on Tuesday; DOWN 3.6% on Monday.)
    • the 7 Canadian Licensed Producer (LPs) portfolio participants  (ACBCGCCRONOGIROMJF and TLRY) went DOWN 11.0%, on average (UP 4.9% on Tuesday; DOWN 3.7% on Monday).
    • the 12 cannabis U.SMulti-State Operator (MSOs) portfolio   participants (ACRGFAYRSFCCHWFCRLBF; CURLFGTBIF;   HRVSFJUSHFPLNHFSHWZTCNNF and TRSSF) went DOWN 2.6% on average (UP 1.2% on Tuesday; DOWN 3.4% on Monday.)
    • the 2 hemp seed-to-sale MSO portfolio participants (CWBHF  and YCBD) were DOWN 4.9% on average (DOWN 1.0% on Tuesday; DOWN 6.3% on Monday.)
  2. The Extraction Category has 2 portfolio participants (NEPT and VLNCF) focused on the extraction of cannabis compounds and their infusion into consumer products and they went DOWN 7.0% on average (DOWN 2.1% on Tuesday; DOWN  3.6% on Monday.)
  3. The Consumption Devices Category has only 1 portfolio participant  (GNLN) focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers and it went DOWN 10.4% (UP 4.7% on Tuesday; DOWN 6.6% on Monday.)
  4. The Biotechnology Category has only 1 portfolio participant (AVCNF) which markets new drugs utilizing cannabinoids (CBD) and it went DOWN 3.8% (DOWN 3.6%on Tuesday; DOWN 7.8% on Monday.)
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