E Cannabis Central: Pure-Play Pot Stocks Crash In September; Only 2 Advance

Only 25 of approximately 250 actively traded pot stocks fulfill the criteria for inclusion in the equal-weighted munKNEE Pure-Play Pot Stock Portfolio of being pure-play* cannabis companies whose stocks consistently trade for at least US$1/share and the portfolio crashed in September.

The Pure-Play Pot Stock Portfolio was UP 25.3% in May (see details here); DOWN 8.0% in June; UP 16.5% in July and UP a further 8.3% in August but was DOWN 17.0% in September. Below were the major portfolio winners and losers for the month:

Major Winners

Only 2 participants were UP in price in September of which only 1 went UP in excess of 10%, namely, Jushi (JUSHF) +13.0%. Ayr Strategies (AYRSF) went UP 5.1%.

Major Losers 

23 (92%) of the Pure-Play Pot Stock participants went DOWN in price in September of which 19 went DOWN in excess of 10%, as follows:

  • 2 participants declined in excess of 30%, namely:
    1. Aurora (ACB) -52.6% and
    2. Valens (VLNCF) -30.1%
  • 5 participants declined between 20% and 30%, namely:
    1. Charlotte's Web (CWBHF) -29.8%
    2. Avicanna (AVCNF) -29.0%
    3. Tilray (TLRY) -27.7%
    4. Greenlane (GNLN) -27.0%
    5. Neptune (NEPT) -23.3%
  • 5 participants declined between 15% and 20%, namely:
    1. cbdMD (YCBD) -19.0%
    2. Trulieve (TCNNF) -18.9%
    3. Planet 13 (PLNHF) -18.8%
    4. Organigram (OGI) -16.7%
    5. Harvest Health (HRVSF) -16.0%
  • 7 participants declined between 10% and 15%, namely:
    1. Green Thumb (GTBIF) -15.0%
    2. Columbia (CCHWF) -14.0%
    3. Curaleaf (CURLF) -13.3%
    4. Canopy (CGC) -13.3%
    5. Cresco (CRLBF) -12.0%
    6. TerrAscend (TRSSF) -10.9%
    7. Cronos (CRON) -10.1%
  • Aphria (APHA), Medicine Man (SHWZ), Acreage (ACRGF) and Rubicon (ROMJF) went down -9.0%, -7.9%, -2.8% and 1.9%, respectively. 

The 25 munKNEE.com Pure-Play Pot Stock Portfolio includes companies doing business in four 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:

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William K. 4 weeks ago Member's comment

Some portfolios will satisfy the needs of buyers and until more buyers appear the market is slow. Could there be some unseen bears lurking about? It would not be the first time that some realm has suffered a slowdown. Clearly this is not for the short-term investors, nor for the impatient. Perhaps the one upturn is showing a trend reversal to arrive son?