Cannabis Central: Sector Declined 11.4% Last Week; Only These 5 Advanced
Only 32 pot stocks, out of a universe of 319, ended this past week trading above US$1/share and those 32 stocks declined -10.8%, on average, (compared to -6.2% during the previous week) which was only marginally less than the -11.4%, on average, for the sector as a whole. The details are as follows:
5 Pot Stocks Advanced in Price
- Trulieve (TCNNF) +4.8%
- Columbia (CCHWF) +3.4%
- XPhyto (XPHYF) +2.9%
- Alcanna (LQSIF) +2.9%
- Cara (CARA) +1.7%
1 Stock Remained Unchanged: Akerna (KERN) +/-0%
The 8 Largest Decliners (-20% to -40%)
- Tilray (TLRY) -39.1%
- Acreage (ACRGF) -35.0%
- Village Farms (VFF) -28.5%
- Greenlane (GNLN) -27.8%
- GrowGeneration (GRWG) -26.4%
- New Age (NBEV) -24.5%
- OrganiGram (OGI) -22.9%
- MediPharm (MEDIF) -22.0%
The Next 10 Biggest Decliners (-10% to -20%)
- Innovative Properties (IIPR) -16.5%
- Curaleaf (CURLF) -14.6%
- Aphria (APHA) -14.3%
- Medicine Man (MDCL) -13.8%
- Zynerba (ZYNE) -13.1%
- FSD Pharma (HUGE) -12.6%
- Cronos (CRON) -12.2%
- Ayr (AYRSF) -11.7%
- Cresco (CRLBF) -11.6%
- Neptune (NEPT) -10.8%
The Remaining 8 Decliners (-1% to -10%)
- Pyxus (PYX) -9.8%
- Canopy (CGC) -9.2%
- Green Thumb (GTBIF) -9.0%
- Charlotte's Web (CWBHF) -8.6%
- Valens (VLNCF) -8.3%
- Corbus (CRBF) -6.0%
- GW Pharma (GWPH) -4.6%
- Abacus (ABAHF) -3.3%
The following 4 pot stocks are not included in the above analysis as they have dropped below the $1/share threshold in the last week (see article here) but are still worthy of mention, namely:
- Hexo (HEXO) -38.5%
- Aurora (ACB) -21.4%
- Jushi (JUSHF) -13.7%
- Planet 13 (PLNHF) -10.8%
To see how the above stocks have done on a daily basis over the last 2 weeks, visit my previous articles here.
This article may discuss small-, micro- and nano-cap stocks so do your own careful due diligence. Visit more