Cannabis Central: Pure-Play Pot Stock Portfolio Was Down 6.9% Last Week

While Friday was a very quiet day with the munKNEE.com Pure-Play Pot Stock Portfolio only going UP 0.3% on the day - with only 1 stock going UP more than 5% (Columbia +8.7%) and only 1 stock going DOWN more than 5%, namely, Aurora (-5.7%) - the portfolio performed poorly during the week, going DOWN 6.9%.

Below are the major winners and losers for the week ending September 4th:

Major Winners

5 of the stocks in the portfolio finished the week UP in price but none went up by at least 10%. Harvest Health did the best but was only UP 4.1%.

Major Losers

20 of the stocks in the portfolio finished the week DOWN in price with 10 going down by at least 9.5%, as follows:

  1. Curaleaf (CURLF) -15.5%
  2. Cresco (CRLBF) -15.1%
  3. Aurora (ACB) -13.3%
  4. cbdMD (YCBD) -12.2%
  5. Medicine Man (SHWZ) -12.0%
  6. Organigram (OGI) -10.2%
  7. Tilray (TLRY) -10.2%
  8. Trulieve (TCNNF) -9.9%
  9. Green Thumb (GTBIF) -9.5%
  10. Neptune (NEPT) -9.5%

The 25 munKNEE.com Pure-Play Pot Stock Portfolio has stocks doing business in 4 categories based on their primary area of focus in the cannabis industry and 3 of the 4 went DOWN last week. 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 they went DOWN 7.1%, on average.
  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 6.9%, on average.
  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 0.8% in price.
  4. The Biotechnology Category has only 1 portfolio participant (AVCNF) which markets new drugs utilizing cannabinoids (CBD) and it went DOWN 3.0%.

*Please note: The 25 pure-play stocks in the munKNEE.com 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 so as to reflect the true health of the marijuana industry in the U.S. and Canada.

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William K. 4 years ago Member's comment

Stock prices vary, that is a common reality. We are frequently cautioned that previous performance does not assure future performance. And any stock that never displayed a decrease would be a bit suspect in my book. So there are good weeks and bad days and that is about as typical as things can be. Long-term performance is the goal of those who choose to avoid the high stress mode of operation.

What is missing is any explanation as to why the decrease in price. The reason a change occurs is what should be evaluated.