E Pot Stock Index Advanced 1.6% On Thursday

The Non-Penny Pot Stock Index (NPSI) advanced 1.6% on Thursday with 15 of the 39 constituents going UP, 17 going DOWN and 7 having no change in price and 5 of the 9 sector categories advanced.

298 cannabis companies have securities that actively trade on the various stock exchanges in Canada and the United States of which 39 (just 13% of the total) trade for at least US$1/share and, as such, are included in my proprietary Non-penny Pot Stock Index (NPSI).

Below are the price changes on the day for the few constituents that either advanced or declined by 5% or more from Wednesday:

The Biggest Winners 

  1. Greenlane (GNLN) +21.2%
  2. Abacus (ABAHF) +9.4%
  3. Alcanna (LQSIF) +9.2%
  4. Charlotte's Web (CWBHF) +8.5%

The Biggest Losers

  1. FSD Pharma (HUGE) -29.0%
    • Wednesday the FDA announced that it had granted permission to FSD Pharma to submit an Investigational New Drug (IND) Application for the use of FSD-201 to treat COVID-19 and the stock went up 134.4%
    • Thursday, for no specific reason, the stock dropped 29% but it is still 69.4% above last Tuesday's price. 
  2. AYR Strategies (AYRSF) -6.7%

Notable Mentions 

  • HEXO (HEXO) +5.7% (a former constituent but now trading below US$1/share.)
  • With the 19% increase in the average cannabis stock in May (see detail here) 3 additional companies are now trading marginally above US$1/share and, therefore, are technically eligible to be included in the NPSI, namely,
    1. Jushi Holdings Inc.
    2. KushCo Holdings Inc. (KSHB) and
    3. Canafarma Hemp Products Corp..
  • If any of these stocks are still trading above US$1/share at the end of the month they will be added to the NPSI. 

Further details regarding the current constituents of the NPSI are as follows:

  • The official definition of a "penny" stock is one that trades below US$5/share but, when it comes to pot stocks, that is where 87% of the total universe trades, so the more literal definition of stocks that trade for less than US$1/share is used.
  • In addition, the constituents operate within 9 categories based on their primary area of focus in the cannabis industry and the constituents within each category are identified in the TalkMarkets' article "Cannabis Central: Finally - The Pot Stock Marketplace Demystified".
1 2
View single page >> |

This article may discuss small-, micro- and nano-cap stocks so do your own careful due diligence. Visit   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.
Lorimer Wilson 10 months ago Author's comment

Thanks for reading this article. You are now one of the most informed potential pot stock investors anywhere. That being said, what more information would you like to know about the cannabis industry? Also, if you have any constructive criticism of the article please let me know.

Lorimer Wilson 10 months ago Author's comment

Check out my site for a fast and easy read - www.munKNEE.com - a financial site for sore eyes and inquisitive minds.

Craig Newman 10 months ago Member's comment

Wow, you kind of spammed the homepage activity feed today didn't you? Posting the same comments over and over again.

Lorimer Wilson 10 months ago Author's comment

Sorry about that. Will do it daily in the future. Very important that I get readers' feedback and get referrals to my very popular web site.