E Cannabis Central: Sector Up 2.8% Friday; NPSI Up 3.2%

The NPSI (Non-penny Pot Stock Index) tracks the 35 cannabis stocks that trade for a minimum of US$1/share (representing 12% of the universe of 299 companies) and advanced 3.2% on Friday. Below are the price performances of each constituent within each of the 9 categories that represent their primary area of focus in the cannabis industry.

Before proceeding let's put things in perspective:

  1. Of the 35 eligible stocks in the NPSI,
    • 29 (83%) went up,
    • 2 (6%) remained unchanged,
    • 4 (11%) went down in price and
    • the average price change was +3.1%;
  2. the average return for the 3 broadest tracking indexes for the industry as a whole was +2.8%,
  3. the average return for the 5 marijuana ETFs that make up the broadest range of pot stocks was +3.1%. The average MER of 0.7% resulted a net decline of +2.4% and
  4. the S&P 500 was up 2.7%, the TSX was up 3.3%, the Dow was up 3.0% and the Nasdaq was up 1.4%.

The performance of the NPSI constituents are presented below within each of the 9 categories to allow for performance comparisons within similar areas of focus:

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