Marijuana Stocks Had A Better Week, With Canadian LPs Gaining Lost Ground

person holding white flower during sunset

At last count there were 225 cannabis and ancillary companies trading on the various North American stock exchanges but only 23 meet the criteria* for inclusion in the munKNEE  Pure-Play "Seed-to-Sale" Pot Stocks Index - which consists of two sub-categories: Canadian Pure-Play Licensed Producers (LPs) Pot Stock Index and the Pure-Play American Multi-State Operators (MSOs) Pot Stock Index. Which performed the best last week and has performed the best year-to-date: LPs or MSOs? This article has the answers.

*The criteria for inclusion in the munKNEE marijuana indices are vertically integrated (seed-to-sale) companies that derive 100% of their revenue from the sector, have a market capitalization in excess of US$300K, and trade for at least US$1/share. Only 6 Canadian LP stocks and 17 American MSO stocks meet those criteria.

The munKNEE Canadian Pure-Play Licensed Producers Pot Stock Index

  • was +4.8% last week and
  • is now -7.2% YTD.
    • Its constituents are: Canopy (CGC), Tilray (TLRY), Cronos (CRON),  Aurora (ACB), Organigram (OGI), and Hexo (HEXO).
    • All 6 constituent stocks in the sub-category advanced last week but only 3 did so by 5% or more, namely:
      1. Organigram: +11.0% last week; now +97.0% YTD
      2. Aurora: +7.5%; -13.6% YTD
      3. Cronos: +5.0%%; -6.6% YTD
        • announced the achievement of the first target productivity milestone in their partnership with Ginko Bioworks to produce eight cultured cannabinoids.

The munKNEE American Pure-Play Multi-State Operators Pot Stock Index

  • was +0.6 last week and
  • is now -3.3% YTD.
    • Its constituents are: 
    • Curaleaf (CURLF), Green Thumb (GTBIF), Trulieve (TRSSF), Verano (VRNOF), Cresco (CRLBF)TerrAscend (TRSSF), Columbia (CCHWF), Harvest Health (HRVSF), Ascend Wellness (AAWH), Planet 13 (PLNHF), Ayr (AYRWF), Jushi (JUSHF), 4 Front (FFNTF), Charlotte's Web (CWBHF), Gage (GAGE), Acreage (ACRDF & ACRHF) and Goodness Growth (GDNSF).
      • 11 of the 17 constituent stocks advanced in price last week with 3 doing so by more than 5%. 2 constituent stocks declined by 5% or more during the week as well. The details are as follows in descending order:
        1. Curaleaf: +7.9% last week; now +0.75% YTD
        2. Green Thumb: +6.2%; now +23.4% YTD
        3. Planet 13: +5.2%; -9.7% YTD
        4. Charlotte's Web: -6.1%; now -25.5% YTD
        5. Ayr Wellness: -6.3%; still +2.1% YTD

In Summary:

  • The Pure-Play "Seed-to-Sale" Pot Stocks Index was +1.9%  last week and is now -4.4% YTD while
  • the Canadian Pure-Play Licensed Producers Pot Stock Index
    • out-performed the MSO sub-index last week, at +4.8% versus only +0.6% for the MSO sub-index but has
    • under-performed the MSO sub-index YTD, at -7.2% versus only -3.3% for the MSO sub-index.

The above non-tradable indices replicate the performance of a portfolio investing an equal amount of money in each company in the cannabis categories, with daily rebalancing to maintain equal weight.

Visit and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.