The Non-penny Pot Stock Index (NPSI) increased by 2.5% this past week exceeding the 0.5% decline in the total cannabis sector of 298 actively traded stocks. 20 of the 34 eligible stocks in the index went up and 14 went down in price. The details are as follows:

14 Non-penny Cannabis Stocks Advanced 5% Or More

• 2 stocks went up in excess of 30% by the end of the week, namely:
  • Neptune (NEPT) +40.1%; New Age (NBEV) +36.8%
• 1 stock went up between 20% and 30%:
  • Medicine Man (MDCL) +20.6% 
• 1 stock went up between 15% and 20%:
  • Cresco (CRLBF) +15.3%
• 4 stocks went up between 10% and 15%:
  • Planet 13 (PLNHF) +13.7%; MediPharm (MEDIF) +13.6%;  Aphria (APHA) +12.5%; GrowGeneration (GRWG) +11.4%;
• 6 stocks went up between 5% and 10%:
  • Akerna (KERN) +8.6%; TerrAscend (TRSSF) +7.2%; Alcanna (LQSIF) +7.1%; Rubicon (RONJF) +6.6%; Cara (CARA) +6.5%; GW Pharma (GWPH) +6.1% 

An additional 6 stocks went up between 0.2% and 5%

14 Non-penny Cannabis Stocks Declined In Price

• 2 stocks declined more than 10%: 
  • Valens (VLNCF) -13.8%; MediPharm (MEDIF) -13.5%
• 2 stocks declined between 5% and 10%:
  • AYR Strategies (AYRSF) -6.5%; Trulieve (TCNNF) -5.0%
• 10 stocks declined between 1% and 5% 

In addition, there are 2 high profile stocks that, while they trade below US$1/share (and, as such, are not eligible for inclusion in the NPSI), are worthy of mention, namely Aurora (ACB) -21.6% and Hexo (HEXO) -4.0%.

The NPSI has representation in 9 of the 11 industry sectors with the constituents of each based on their primary area of focus in the cannabis industry. Below are the sectors and the number of companies in each sector that are included in the NPSI and the average price change of the constituents in the sector during the week:

1. Cultivation & Retail Sector: 17 (+0.1%)
   • sector consists of companies that grow and sell cannabis flower and related products.
2. Biotechnology Sector: 5 (+5.8%)
   • sector consists of pharmaceutical companies focused on R&D of new drugs and products utilizing cannabinoids.
3. Marijuana-Infused Products Sector: 3 (+26.0%)
   • sector consists of companies focused on developing and selling marijuana-infused products and companies focused on the extraction of cannabis compounds and their infusion into consumer products.
4. Consumption Devices Sector: 3 (-5.2%)
   • sector consists of companies focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers.
5. Agricultural Technology Sector: 2 (+8.5%)
   • sector consists of companies focused on providing automated growing systems, greenhouses, farming products, nutrients, hydroponics, fertilization systems, horticultural expertise, LED/lighting technologies, air filtration systems, and climate control and energy efficiency systems.
6. Real Estate Sector: 1 (-2.8%)
   • sector consists of investment companies and REITs that develop, own, and/or lease commercial real estate properties to licensed cannabis operators.
7. Business Services/Consulting Sector: 1 (+20.6%)
   • sector consists of companies that provide professional services such as branding, packaging, bottling, compliance, physical security, transportation, lab testing, distribution, and insurance. consulting and other business services directly to marijuana cultivators and retailers.
8. Tech & Media Sector: 1 (+8.6%)
   • sector covers companies that provide delivery services, enterprise software, e-commerce platforms, communication and mapping services, and trading platforms and companies that provide marijuana-related media including news, content, social networks, games, and entertainment.
9. Hemp Products Sector: 1 (+0.2%)
   • sector consists of companies that produce and sell hemp products.
10. Investing & Media Sector: 0
    • sector consists primarily of companies which own and/or manage a portfolio of cannabis assets and financial service providers that offer capital and financing solutions for companies in the cannabis industry.
11. Other Ancillary Sector: 0
    • sector consists of companies that provide products and services related to the broader cannabis economy that do not fit within the other sectors such as companies focused on developing breathalyzers and testing kits for marijuana consumers and organizations, cannabis vending machine manufacturers and cannabis medical clinics, hospitality and tourism companies.

The NPSI consists of:

• 2 pot stocks that trade above US$20/share,
• 2 that trade between US$10 and US$20/share,
• 7 that trade between US$5 and US$10/share and
• 23 that trade between US$1 and US$5/share. 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 almost all of them trade, so the more literal definition of stocks that trade for less than US$1/share is used.

In addition, the market capitalization makeup of the NPSI, calculated by multiplying the number of a company's shares outstanding by its stock price per share, is as follows:

• Large-Cap (+US$10B): 0
• Mid-Cap (US$2B to US$10B): 3
• Small-Cap (US$300M to US$2B): 11
• Micro-Cap (US$50M to US$300M): 17
• Nano-Cap (Less than US$50M): 3

To see how the above stocks, and the others that make up the balance of the new Non-penny Pot Stock Index (NPSI), have done on a daily basis over the last 3 weeks, visit my previous articles here.