Cannabis Central: Thursday Was The Best Day For Pure-Play Pot Stocks This Year

Like Wednesday, all but 2 constituents in the munKNEE.com Pure-Play Pot Stock Index of the 25 pure-play cannabis stocks that trade for more than US$1/share went UP on Thursday with 2 of the 3 industry categories going UP as well.  Details are as follows:

Thursday's Index Performance

The index was UP 9.3% on top of the "great" 4.7% increase on Wednesday. Details are as follows:

  • 23 constituents went UP with 20 increasing by 5% or more, as follows:
    1. Tilray (TLRY) +18.3% vs.+6.1% on Wednesday
    2. Charlotte's Web (CWBHF) +17.8%
    3. Acreage fixed shares (ACRHF+16.2% vs.+7.1% on Wednesday
    4. Canopy Growth (CGC) +13.5% vs. +8.5% on Wednesday
    5. Harvest Health (HRVSF) +12.2%
    6. Organigram (OGI) +11.5% vs. +6.6% on Wednesday
    7. Cresco (CRLBF) +10.8%
    8. Aurora (ACB) +10.6%
    9. Curaleaf (CURLF) +10.5%
    10. Aphria (APHA) +10.3%
    11. Cronos (CRON) +10.0% vs. +5.6% on Wednesday
    12. Green Thumb (GTBIF) +9.8%
    13. Columbia (CCHWF) +8.9%
    14. Ayr (AYRSF) +8.5%
    15. Rubicon (ROMJF) +8.5%
    16. Valens (VLNCF) +8.1%
    17. TerrAscend (TRSSF) +7.4%
    18. Trulieve (TCNNF) +6.8% vs. +6.5% on Wednesday
    19. Medicine Man (SHWZ) +6.2%
    20. Acreage floating shares (ACRHF) +5.3%
  • 3 additional constituents went UP but by less than 5%, namely:
    1. Planet 13 (PLNHF) +3.0% vs. +11.9% on Wednesday
    2. Neptune (NEPT) +2.6%
    3. Jushi (JUSHF) +2.6% vs.+5.0% on Wednesday
  • 1 constituent, cbdMD (YCBD) had No Change vs. +8.2% on Wednesday
  • 1 constituent, Greenlane (GNLN), went DOWN in price by -2.2%

The munKNEE.com Pure-Play* Pot Stock Index includes companies doing business in 3 different categories based on their primary area of focus in the cannabis industry. The categories are identified below with how they performed given the performance of the stocks in the index that make up each category:

  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 8.3% vs. + 4.8% on Wednesday.
    • the 7 Canadian Licensed Producer (LPs) index constituents  (ACBAPHACGCCRONOGIROMJF and TLRY) went UP 12.5%, on average vs. +5.9%, on average, on Wednesday.
    • the 13 U.SMulti-State Operator (MSOs) index constituents  (ACRDFACRHFAYRSFCCHWFCRLBF; CURLFGTBIFHRVSFJUSHFPLNHFSHWZTCNNF and TRSSF) went UP 8.3% on average vs.4.2%, on average, on Wednesday..
    • the 2 hemp seed-to-sale MSO index constituents (CWBHF  and YCBD) went UP 10.0%, on average vs. +5.4% on Wednesday
  2. The Extraction Category has 2 index constituents (NEPT and VLNCF) focused on the extraction of cannabis compounds and their infusion into consumer products and they went UP 4.5%, on average, vs. 3.8% on Wednesday
  3. The Consumption Devices Category has only 1 index constituent (GNLN) focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers and it went DOWN 2.2% vs. a1.8% on Wednesday.

*Please note: The 25 pure-play stocks in the munKNEE.com Pure-Play Pot Stock Index are just that, pure, deriving 100% of their revenue from the sale of recreational and medicinal cannabis and consumption-related products and, as such, it reflects the true health of the marijuana industry in the U.S. and Canada.

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
William K. 3 years ago Member's comment

So now finally more folks have taken interest in the cannabis corner of the market. I had known that would happen, patience is rewarded.

Kurt Benson 3 years ago Member's comment

Glad I took profits earlier. This is not holding already and just like it does it’ll give back chunk of its gains. Also with the cash flow as bad as it is for #Tilray $TLRY, it just feels like and offering is coming anytime now. Going to buy puts before the close today.