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%
- 2 stocks went DOWN between 15% and 19.9%
- 8 stocks went DOWN between 10% and 14.9%
- 9 constituents went DOWN between 5% and 9.9%
7 constituents went DOWN less than 5% and 5 had N/C in price.
Industry Category Performance
- Cultivation & Retail Category:
- Biotechnology Category:
- Marijuana-Infused Products Category:
- This 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.
- There are 3 NPSI constituents within this category (CRLBF; NEPT; NBEV) and they went DOWN 12.2%, on average.
- Consumption Devices Category:
- Agricultural Technology Category:
- This 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.
- There are 2 NPSI constituents within this category (GRWG; VFF) and they went DOWN 1.1%, on average.
- Real Estate Category:
- This category consists of investment companies and REITs that develop, own, and/or lease commercial real estate properties to licensed cannabis operators.
- There is only 1 NPSI constituent within this category (IIPR) and it went DOWN 0.3%.
- Business Services/Consulting Category:
- This 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.
- There is only 1 NPSI constituent in this category (SHWZ) and it went UP 2.2%.
- Technology & Media Category:
- This 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.
- There is only 1 NPSI constituent in this category (KERN) and it went UP 16.4%.
- Hemp Products Category:
In summary, all but 2 of the 9 categories went DOWN, on average.
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Besides the opening of the economy, what are the major factors that contribute to the decline of the marijuana industry?