The Non-Penny Pot Stock Index (NPSI) was decimated on Thursday with ALL 39 constituents declining as well as ALL 9 sector categories. Below are the gory details.

298 cannabis companies have securities that actively trade on the various stock exchanges in Canada and the United States of which 39 (just 13% of the total) trade for at least US$1/share and, as such, are included in my proprietary Non-penny Pot Stock Index (NPSI).

Below are the price changes for the 34 constituents that declined by 5% or more on Thursday:

• 1 stock went DOWN in excess of 20%
  • Pyxus (PYX) -20.7% 
• 3 stocks went DOWN between 15% and 19.9%
  1. Organigram (OGI) -16.5%
  2. Village Farms (VFF) -16.4%
  3. Cronos (CRON) -15.4%
• 12 stocks went DOWN between 10% and 14.9%
  1. Acreage (ACRGF) -14.2%
  2. Aphria (APHA) -13.7%
  3. Tilray (TLRY) -13.6%
  4. GrowGeneration (GRWG) -13.2%
  5. AYR Strategies (AYRSF) -12.8%
  6. Greenlane (GNLN) -11.7%
  7. cbdMD (YCBD) -11.6%
  8. Cresco (CRLBF) -11.1%
  9. New Age (NBEV) -10.9%
  10. Alcanna (LQSIF) -10.7%
  11. Valens (VLNCF) -10.4%
  12. Canopy Growth (CGC) -10.1% 
• 18 stocks went DOWN between 5% and 9.9%
  1. Aurora (CGC) -9.7%
  2. Charlotte's Web (CWBHF) -9.7%
  3. Green Thumb (GTBIF) -9.5%
  4. Neptune (NEPT) -9.3%
  5. Zynerba (ZYNE) -9.2%
  6. MediPharm (MEDIF) -9.0%
  7. Cara (CARA) -9.0%
  8. Curaleaf (CURLF) -8.7%
  9. Avicanna (AVCNF) -8.5%
  10. Corbus (CRBP) -8.3%
  11. FSD Pharma (HUGE) -8.3%
  12. Akerna (KERN) -7.4%
  13. Trulieve (TCNNF) -7.2%
  14. TerrAscend (TRSSF) -6.6%
  15. Harvest Health (HRVSF) -6.0%
  16. Innovative Properties (IIPR) -5.6%
  17. GW Pharma (GWPH) -5.5%
  18. Abacus (ABAHF) -5.1%
•  remaining 5 constituents went DOWN between 0.1% and 4.9%

Notable Mentions 

• HEXO (HEXO) -6.2%
• With the 19% increase in the average cannabis stock in May (see details here) 1 additional company is now trading marginally above US$1/share and, therefore, is technically eligible to be included in the NPSI, namely, Jushi Holdings Inc. (JUSHF) and if it is still trading above US$1/share at the end of the month it will be added to the NPSI. 

Further details regarding the current constituents of the NPSI are as follows:

• The official definition of a "penny" stock is one that trades below US$5/share but, when it comes to pot stocks, that is where 87% of the total universe trades, so the more literal definition of stocks that trade for less than US$1/share is used.
• In addition, the constituents operate within 9 categories, based on their primary area of focus in the cannabis industry, and the constituents within each category are identified below with how each of the 9 categories did on Friday:

1. Cultivation & Retail Category: -10.1%
   • The following 19 NPSI constituents are in this category, namely:  (ACRGF; ACB; LQSIF; APHA; CCHWF; CGC; CRON; CURLF; GTBIF; HRVSF; HUGE; MEDIF; OGI; PLNHF; 
2. Biotechnology Category: -6.0%
   • The following 7 NPSI constituents are in this category, namely:  (ABAHF; AVCNF; CARA; CRBP; GWPH; XPHYF; ZYNE)
3. Marijuana-Infused Products Category: -10.5%
   • The following 3 NPSI constituents are in this category, namely:  (CRLBF; NEPT; NBEV) 
4. Consumption Devices Category: -14.4%
   • The following 3 NPSI constituents are in this category, namely:  (AYRSF; GNLN; PYX)
5. Agricultural Technology Category: -14.7%
   • The following 2 NPSI constituents within this category, namely:  (GRWG; VFF)
6. Real Estate Category: -5.6%
   • There is only 1 NPSI constituent in this category, namely: (IIPR) 
7. Business Services/Consulting Category: -4.0%
   • There is only 1 NPSI constituent in this category, namely: (SHWZ)
8. Tech & Media Category: -7.4%
   • There is only 1 NPSI constituent in this category, namely: (KERN)
9. Hemp Products Category: -10.1%
   • The following 2 NPSI constituents are in this category, namely: (CWBHF; cbdMD) 

To see how the new Non-penny Pot Stock Index (NPSI) has done on a daily, weekly, and monthly basis this year please visit the daily updates here.