Cannabis Central: Pure-Play Pot Stock Portfolio Performance Shines On Tuesday

The Pure-Play Pot Stock Portfolio of the 25 pure-play cannabis stocks that trade for more than US$1/share reversed course today advancing 2.3% compared to a 3.7% decline on Monday with 14 of the constituents going UP in price. The details are as follows:

Tuesday's Major Winners and Losers

  • 5 of the 14 stocks advanced by 5% or more, namely:
    1. Aurora (ACB) +15.8%
    2. Medicine Man (SHWZ) +11.3%
    3. Jushi (JUSHF) +9.3%
    4. Cresco (CRLBF) +8.8%
    5. Tilray (TLRY) +7.3%
  • None of the 10 stocks that declined Tuesday did so by more than 5%.
    1. Valens (VLNCF) declined the most (-4.3%) followed by 
    2. Avicanna (AVCNF) -3.6% and then
    3. TerrAscend (TRSSF) -2.0%.

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 UP 2.4%. (DOWN 3.6% on Monday.)
    • the 7 Canadian Licensed Producer (LPs) portfolio participants  (ACBCGCCRONOGIROMJF and TLRY) went UP 4.9%, on average. (DOWN 3.7% on Monday).
    • the 12 cannabis U.SMulti-State Operator (MSOs) portfolio   participants (ACRGFAYRSFCCHWFCRLBF; CURLF; GTBIF;   HRVSFJUSHFPLNHFSHWZTCNNF and TRSSF) went UP 1.2%, on average. (DOWN 3.4% on Monday.)
    • the 2 hemp seed-to-sale MSO portfolio participants (CWBHF and YCBD) were DOWN 1.0%, on average. (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 2.1%, on average. (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 UP 4.7%. (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 3.6%, (DOWN 7.8% on Monday.)

*Please note: The 25 pure-play stocks in the munKNEE Pure-Play Pot Stock Portfolio are just that, pure, deriving 100% of their revenue from the sale of recreational and medicinal cannabis and consumption-related products and, as such, it reflects the true health of the marijuana industry in the U.S. and Canada.

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.