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.