E Cannabis Drug Stocks Have Mirrored Performance Of Psychedelic Drug Stocks To Date In September

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The munKNEE Pure-Play Marijuana-Based & Psychedelic Compounds-Based Drug Stocks Index consists of 8 constituents in each of the munKNEE Pure-Play Marijuana-Based Drug Stocks Index and the munKNEE Pure-Play Psychedelic Compounds-Based Drug Stocks Index. Which index has out-performed so far in September? This article has the answer. Here are the details:

100 clinical-stage psychedelic drug stocks now trade on North American stock exchanges. 60 of the stocks research the treatment of a variety of mental illnesses based on the use of 10 different psychedelic substances (read 10 Psychedelic Substances And The 36 Companies Researching Them) and 40 research the treatment of illnesses based on the use of THC marijuana (read Marijuana Drug Stocks: All You Need To Know).

The criteria for inclusion in the munKNEE Pure-Play Marijuana-Based & Psychedelic Compounds-Based Drug Stocks Index is that its constituents have market capitalizations in excess of $50M but less than $500M and only 16 of the 100 psychedelic drug stocks meet that criteria. The remaining 84 stocks in the Index have market caps below $50M or are above $500M. The latter include ATAI, Compass Pathways, Mind Medicine, and GH Resources and they are not included in the index given their very large market caps and high share prices which would have dominated the index's performance. (All currency amounts are in U.S. dollars. Go here to convert to another currency.)

The Pure-Play Marijuana-Based Drug Stocks Category

The 8 marijuana-based clinical-stage stocks consist of Allied (ALID), Corbus (CRBP), Enveric (ENVB), MGC Pharma (MGCLF), Revive (RVVTF), Tetra Bio (TBPMF), Zelira (SLDAF), and Zynerba (ZYNE) and

  • are UP +15.8% MTD, 
  • but remain unchanged in price YTD,
  • ranged in price from $0.03/share to $4.23/share (an average of $1.29/share) as of last Friday,
  • and have an average market capitalization of approximately $104M.
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Andrew Hecht 4 weeks ago Contributor's comment

You don't know what 'mirror' means, do you? These are obverse, not a reflection.