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The American Pure-Play Multi-State Operator (MSO) Pot Stock Index, while down 7.6% in April, is still +38.1% YTD. Here are the details by constituent and in comparison to the 4 other cannabis and cannabis-related stock categories munKNEE.com tracks.

MSO Pure-Play Pot Stock Index Performance

10 of the 22 stocks in the Index advanced in April of which 4 went up in excess of 10%, 11 declined of which 6 did so by more than 10% and one was a new listing of less than 1 month. Below is a look at how the major advancers and decliners performed in April with their performances year-to-date in brackets, in descending order:

Major Advancers

1. Medicine Man (SHWZ): +36.9% (+85.5%) to $2.82/share
2. Columbia Care (CCHWF): +14.7% (+9.9%) to $6.65/share
3. Planet 13 (PLNHF): +14.6% (+22.2%) to $6.83/share
4. Jushi (JUSHF): +12.3% (+21.8%) to $7.14/share

Major Decliners

1. Hempfushion Wellness (CBDHF): -53.4% (N/A) @ $1.02/share
2. C21 Investments (CXXIF): -23.2% (-24.8%) to $1.06/share
3. IM Cannabis (IMCNF): -17.4% (-19.2%) to $6.30/share
4. Charlotte's Web (CWBHF): -14.7% (+21.5%) to $4.01/share
5. Trulieve (TCNNF): -13.9% (+31.4%) to $41.59/share
6. Vireo Health (VREOF): -11.7% (+43.2%) to $2.12/share

Measuring Volatility

Beta measures the volatility (the up and down movement) of a stock relative to the overall stock market and serves as a measure of the volatility of a stock compared to others in the same sector. What you see below are the 7 most stable stocks in the munKNEE Pure-Play MSO Pot Stock Sub-Index and the 5 most volatile:

The Most Stable

1. Ayr Wellness: 1.23x (i.e. historically its stock has moved only 23% more than the overall stock market); 2) cbdMD: 1.40x; 3) Medicine Man: 1.46x; 4) TerrAscend: 1.51x;  5) Columbia: 1.81x; 6)   Curaleaf: 1.86x and 7) Trulieve: 1.96x

The Most Volatile

1. Jushi: 8.34x (historically 8.34 times more volatile than the overall stock market); 2) Harvest Health: 4.02x; 3) C21 Investments:  3.99x; 4) Planet 13: 3.18x; 5) Harborside: 2.96x

The remaining 10 constituents in the munKNEE Pure-Play MSO Pot Stock Index have volatility that range, historically, between 2.16x and 2.66x that of the overall stock market.

Cannabis & Cannabis-related Index Performance Comparisons

munKNEE.com tracks the performance of five (5) cannabis categories and below is a comparison of how each index performed in April with YTD in brackets, which we think provides the clearest overview of the cannabis stock sector that is available anywhere:

1. The Conservative Pot Stock Index of 8 constituents tracks the performance of the major consumer and pharmaceutical companies that have bought into marijuana companies.
   • It was +1.7% in April and is +6.4% YTD with an average Beta of 0.96 (See the latest Index details here)
2. The Ancillary Pot Stocks Index of 16 constituents tracks the performance of companies that provide goods and services to cannabis operators.
   • It was -0.1% in April and is +13.2% YTD and with an average Beta of 2.2 (See the most recent Index details here)
3. The American Pure-Play Multi-State Operators Pot Stock Index of 22 constituents tracks the performance of those multi-state marijuana companies that derive 100% of their revenue from the sector and trade for at least US$1/share.
   • It was -2.0% in April and is +38.1% YTD with an average Beta of 2.69 (See the most recent Index details above)
4. The Cannabis-Centric Bio-Pharma Companies Index of 13 constituents tracks the stock performance of those clinical-stage bio- pharmaceutical companies involved in the development of drugs using CBD and THC exclusively:  
   • It was -6.5% in April and is +7.8% YTD with an average Beta of 2.9. (See the details of the index here.)
5. The Canadian Pure-Play Licensed Producers Pot Stock Index of 8 constituents tracks the performance of those Canadian producers that derive 100% of their revenue from the marijuana sector and trade for at least US$1/share:
   • It was -12.6% in April but is +42.4% YTD with an average Beta of 2.11 (See latest index details here.)

The above 5 non-tradable indices replicate the performance of a portfolio investing an equal amount of money in each company in the various cannabis categories, with daily rebalancing to maintain an equal weight, to serve as benchmarks to measure the performance of individual stocks compared to their respective index. A sum total of 67 cannabis and cannabis-related companies are tracked out of an universe of approximately 200 (i.e. 33.5%).

(For more information on the reason(s) behind the changes outlined below you are urged to click on the stock symbols provided by TalkMarkets, where additional information is provided. All currency amounts are in U.S. dollars. Go here to convert to another currency.)