E Cannabis Central: Volatility Back On Friday

The Non-Penny Pot Stock Index (NPSI) was DOWN 4% Friday with 26 of the 39 constituents showing weakness and only 10 advancing (3 saw no change in price). TerrAscend advanced the most (+7.2%) while Canopy Growth declined the most (-20%).

298 cannabis companies have securities that actively trade on the various stock exchanges in Canada and the United States of which 39 (just 13% of the total) trade for at least US$1/share and, as such, are included in my proprietary Non-penny Pot Stock Index (NPSI) and they do so within 11 categories based on their primary area of focus in the cannabis industry.

Below are the price changes on the day for those constituents that either advanced or declined by 5% or more from Thursday:

The Biggest Winners 

  1. TerrAscend (TRSSF) +7.0%
  2. AYR Strategies (AYRSF) +5.6%

The Biggest Losers

  1. Canopy Growth (CGC) -20.0%
  2. Acreage (ACRGF) -16.2%
  3. Abacus (ABAHF) -12.2%
  4. Akerna (KERN) -10.3%
  5. Charlotte's Web (CWBHF) -9.5%
  6. Aurora (ACB) -8.2%
  7. Medicine Man (SHWZ) -8.1%
  8. Organigram (OGI) -7.0%
  9. MediPharm (MEDIF) -6.1%
  10. Greenlane (GNLN) -5.8%
  11. Tilray (TLRY) -5.2%

Notable Mention 

  • HEXO (HEXO) -7% (a former constituent but now trading below US$1/share.)

Further details regarding the constituents of the NPSI are as follows:

  • 2 trade above US$20/share,
  • 6 trade between US$10 and US$20/share,
  • 10 trade between US$5 and US$10/share and
  • 21 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 88% of the total universe trades, so the more literal definition of stocks that trade for less than US$1/share is used.)

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): 13
  • Micro-Cap (US$50M to US$300M): 19
  • Nano-Cap (Less than US$50M): 4
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Lorimer Wilson 1 month ago Author's comment

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Lorimer Wilson 1 month ago Author's comment

Thanks for reading this article. You are now one of the most informed potential pot stock investors anywhere. That being said, what more information would you like to know about the cannabis industry? Also, if you have any constructive criticism of the article please let me know. Thanks.