E Only These 9 Pot Stocks Had Positive Returns In October - Here's Why

TM Editors Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are readily manipulated; do your own careful due diligence.

October was an absolutely abysmal month for marijuana stocks which experienced a -13% decline, on average, but a handful (only 9 out of a universe of almost 400 marijuana and marijuana-related companies - that's just 2%) bucked the trend. Here they are and the reasons why they performed so well.

Dissipation of Negative Vaping Sentiment

The Centers for Disease Control and Prevention reported that, as of October 29, 1,888 cases of e-cigarette, or vaping, product use associated lung injury had been reported to them - including 37 deaths - but, at this time, however, the FDA and CDC have not identified the cause or causes of these lung injuries. The latest national and state findings suggest products containing THC, particularly those obtained off the street or from other informal sources (e.g. friends, family members, illicit dealers), are linked to most of the cases and play a major role in the outbreak. As a result of those findings, the negative sentiment directed at companies involved in the supply of cannabis extract for use in vape pens and the manufacturers of said pens dissipated as the weeks passed in October resulting in the stocks of 3 of the vape pen manufacturers performing well in October (See below)

  1. KushCo Holdings (OTCQB:KSHB): +34.5%
  2. VPR Brands (OTCQB:VPRB): +25.0%
  3. Greenlane Holdings (Nasdaq:GNLN): +15.9%

For the sake of transparency, 3 other vaporizer manufactures and 7 extract suppliers in this category are not mentioned above as they declined in price over the month of October. The same can be said for the 6 large cap tobacco companies that have exposure to the vaping category as such business is  currently a very minor part of each company's revenue and, besides that, they declined 1.0%, on average, during the same period and as such, did not meet the criteria for this article.

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