The Non-Penny Pot Stock Index (NPSI) was flat on Thursday up just 0.3% on the day. Columbia Care advanced the most (+12.2%) while FSD Pharma declined the most (-6.0%).

298 cannabis companies have securities that actively trade on the various stock exchanges in Canada and the United States of which 39 (just 13%) 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.

19 of the 39 constituents advanced on Thursday of which only 3 advanced more than 5% and 19 declined of which only 1 constituent declined by 5% or more. Here are the details:

The Biggest Winners 

• Columbia (CCHWF) +12.2%
• Organigram (OGI) +10.7%
• Canopy (CGC) +9.2%

The Biggest Loser

• FSD Pharma (HUGE) -6.0%

The remaining 35 constituents were quiet on the day moving up or down by less than 5% on the day.

Notable Mention 

• HEXO (HEXO) +0.7% (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

In addition, the constituents operate within 11 categories based on their primary area of focus in the cannabis industry and the constituents within each category are identified in the TalkMarkets' article "Cannabis Central: Finally - The Pot Stock Marketplace Demystified".

Below is how well each of the categories did on Thursday:

• Cultivation & Retail Category: +1.8%
  • The category consists of companies that grow and sell cannabis flower and related products.
• Biotechnology Category: -0.8%
  • The category consists of pharmaceutical companies focused on R&D of new drugs and products utilizing cannabinoids.
• Marijuana-Infused Products Category: -4.0%
  • The category 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.
• Consumption Devices Category: -0.7%
  • The category consists of companies focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers.
• Agricultural Technology Category: -1.9%
  • The category 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.
• Real Estate Category: +1.8%
  • The category consists of investment companies and REITs that develop, own, and/or lease commercial real estate properties to licensed cannabis operators.
• Business Services/Consulting Category: -2.3%
  • The category 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.
• Tech & Media Category: +0.2%
  • The category 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.
• Hemp Products Category: -0.4%
  • The category consists of companies that produce and sell hemp products.

To see how the new Non-penny Pot Stock Index (NPSI) has done on a daily basis recently, visit the daily updates here.