It has been a long time coming but the cannabis sector finally significantly outperformed the S&P 500 11.2% to 6.2% on Thursday. 18 of the 40 non-penny stocks in the sector surpassed the sector average while only 4 pot stocks declined. This is the 6th straight day the sector has increased. It begs the question: "Has the sector finally made a turnaround?"

Thursday was a big day for the likes of

• Tilray (TLRY), Hexo (HEXO) and Abacus (ABCS) which were up 56.8%, 34.9% and 30.6%, respectively;
• Sundial (SNDL), Pyxus (PYX) and Village Farms (VFF) which were up 28.0%, 25.5% and 20.8%, respectively;
• Aurora (ACB), Greenlane (GNLN), Akerna (KERN) and Medicine Man  (MDCL) which up 18.9%, 18.5%, 18.5% and 17.5%, respectively;
• FSD Pharma (HUGE), Kushco (KSHB), Alcanna (LQSIF) and GrowGeneration (GRWG) which were up 15.9%, 15.7%, 15.7% and 15.5%, respectively; while
• Innovative Properties (IIPR), Corbus (CRBP), Charlotte's Web (CWBHF) and Curaleaf (CURLF) exceeded the sector average increase by 13.4%, 13.2%, 11.4% and 11.3%, respectively.

Harvest Health (HRVSF), MediPharm (LABS), GW Pharma (GWPH) and XPhyto (XPHYF) showed weakness declining 18.5%, 7.9%, 2.6% and 1.2%, respectively.

The remaining 19 pot stocks increased in price by between 11.0% and 1.2%. Within that group are 3 stocks worthy of mention: Aphria (APHA) +11.0%, Acreage (ACRGF) +10.8% and Cronos (CRON) +10.5%.

A picture is worth a thousand words. Below is Thursday's pot stock sector heat map. (Click on image to enlarge)

You are encouraged to review the last 6 articles I posted (here) to get a better understanding of the performance of the above stocks over the past week.