E Cannabis Central: The Pure-Play Pot Stock Index Was Flat This Past Week

The munKNEE.com Pure-Play Pot Stock Index was flat this past week (+0.03%) after having gone up 18.4% the previous week. 14 of the 25 index constituents went up but only 3 did so by +10% while the remaining 11 went down with only 4 doing so by 10% or more. In addition, 2 of the 3 industry categories went up. The winners and losers are as follows.

Index Performance

The Index has companies doing business in a number of different categories and sub-categories based on their primary area of focus in the cannabis industry. These categories are identified below along with those stocks within each category that went up by 10% or more:

  1. The Vertically Integrated (i.e. Seed-to-Sale) Category has 22 index constituents that grow, process, and sell cannabis and hemp flower and related products and it was up 0.09% (+18.4% the previous week).
    1. the Canadian Licensed Producer (LPs) Category has 7 index constituents and it went down 6.7% (+18.5% the previous week), with the following constituents within the category changing prices by +10%, namely, Aurora (ACB) -20.1% (+9.9% the previous week) and Aphria (APHA) -17.4% (+30.4% the previous week).
    2. the U.SMulti-State Operator (MSOs) Category has 13 index constituents and it went up 3.8%, (+15.9the previous week) with the following constituents within the category changing prices by +10%, namely, Jushi (JUSHF) +17.2% (+8.5% the previous week); Planet 13 (PLNHF) +12.4% (+25.4% the previous week) and TerrAscend (TRSSF) +12.0% (+13.6% the previous week).
    3. The hemp seed-to-sale MSO sub-category has two index constituents and it went down 5.9% (+33.5% the previous week) with cbdMD (YCBD) going up 10.0% (+25.6% the previous week).
  2. The Extraction Category has two index constituents focused on the extraction of cannabis compounds and their infusion into consumer products and it went down 9.2% (+22.6% the previous week) with Neptune (NEPT) going down 10.5% (+24.1% the previous week).
  3. The Consumption Devices Category has only one index constituent (Greenlane (GNLN) focused on developing and selling personal consumption devices for cannabis consumers, such as vape pens and inhalers, and it went up but less than the 10.8% increase the previous week.
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