E Cannabis Central: What A Difference A Week Makes

The Non-penny Pot Stock Index (NPSI) tracks the 39 cannabis stocks that trade for US$1/share or more (i.e. 13% of the universe of 298 companies) and the performance of the index's constituents are presented below as well as that of the sector's 9 categories to allow for performance comparisons.

This past week (w/e June 12) was a mirror image of the performance of the NPSI compared to the previous week (w/e June 6).

  • A week ago the index went UP 5.7% but this past week it went DOWN 4.7%.
  • A week ago 28 of the 39 constituents went UP while this past week 28 went DOWN.
  • A week ago 4 constituents went DOWN while this past week 6 constituents went UP. 
  • A week ago 8 of the 9 categories went UP, on average, while this past week 7 of the categories went DOWN, on average.

The Biggest Winners This Past Week

The following 3 constituents went UP by 5% or more:

  • 1 constituent went UP in excess of 15%
    • Akerna (KERN) +16.4%
  • 1 constituent went UP between 10% and 15.9%
    • Organigram (OGI) +13.1% 
  • 1 constituent went UP between 5% and 9.9%
    • Planet 13 (PLNHF) +5.9%

3 constituents went UP less than 5%

The Biggest Losers This Past Week

The following 21 constituents went DOWN by 5% or more:

  • 2 constituents went DOWN in excess of 20% 
    1. Avicanna (AVCNF) -23.6%
    2. FSD Pharma (HUGE) -22.8%
  • 2 stocks went DOWN between 15% and 19.9%
    1. Pyxus (PYX) -19.2%
    2. Neptune (NEPT) -16.9%
  • 8 stocks went DOWN between 10% and 14.9%
    1. Abacus (ABAHF) -14.9%
    2. Cresco (CRLBF) -13.4%
    3. Greenlane (GNLN) -12.4%
    4. MediPharm (MEDIF) -11.3%
    5. Tilray (TLRY) -11.2%
    6. Green Thumb (GTBIF) -10.8%
    7. Zynerba (ZYNE) -10.4%
    8. Harvest Health (HRVSF) -10.3%
  • 9 constituents went DOWN between 5% and 9.9%
    1. Acreage (ACRGF) -9.9%
    2. AYR (AYRSF) -9.5%
    3. Alcanna (LQSIF) -9.3%
    4. TerrAscend (TRSSF) -7.6%
    5. Trulieve (TCNNF) -7.1%
    6. Charlotte's Web (CWBHF) -7.1%
    7. Curaleaf (CURLF) -5.8%
    8. Aurora (ACB) -5.2%
    9. GW Pharma (GWPH) -5.2%
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John Doe 1 year ago Member's comment

Besides the opening of the economy, what are the major factors that contribute to the decline of the marijuana industry?