Cannabis Stocks Up Dramatically So Far In November

The munKNEE Pure-Play "Seed-to-Sale" Pot Stocks Index had declined month after month  since it peaked on February 10th as of the end of October but has bounced back by 18.9% so far in November and is now only down -8.3% YTD. 

The "Seed-to-Sale" Pot Stocks Index consists of the 23 non-ancillary (i.e. pure-play) cannabis companies that trade for at least US$1/share, have a market cap of at least US$200M and trade on one or more of the Canadian and/or American stock exchanges. Six of the 23 index constituents that meet that criteria are Canadian Licensed Producers (LPs) and 17 are American Multi-State Operators (MSOs) and they represent 10% of the total universe of 220 cannabis and ancillary companies currently trading.

Only one of the 23 stocks in the Index has gone down so far in November with 13 of them advancing by more than 20% and another 2 by more than 10%. The specifics are as follow in descending order:

  1. Jushi (JUSHF): UP +38.1%
  2. Green Thumb (GTBIF): UP +32.4%
  3. Gage Growth (GAGE): UP +28.4%
  4. Aurora (ACB): UP +28.2%
  5. Charlotte's Web (CWBHF): UP +26.8%
  6. Tilray (TLRY): UP +25.6%
  7. Verano (VRNOF): UP +23.8%
  8. Cresco (CRLBF): UP +23.1%
  9. Trulieve (TCNNF): UP +23.0%
  10. Hexo (HEXO): UP +22.4%
  11. TerrAscend (TRSSF): UP +21.2%
  12. Canopy (CGC): UP +20.9%
  13. Cronos (CRON): UP +20.6%
  14. Columbia Care (CCHWF): UP +16.7%
  15. 4Front Ventures (FFNTF): UP +13.3%
  16. Acreage (ACRDF/HF): UP +9.6%
  17. Planet 13 (PLNHF): UP +8.3%
  18. Curaleaf (CURLF): UP +7.6%
  19. Organigram (OGI): UP +5.4%
  20. Ayr Wellness (AYRWF): UP +4.0%
  21. Valens (VLNCF): UP 1.3% 
  22. Goodness Growth (GDNSF): No Change
  23. Ascend Wellness (AAWH): DOWN -0.8.%

Action Going Forward

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