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The munKNEE Pure-Play Pot Stock Index went up 18.8% last week with not even one constituent declining. 

(For more extensive financial information, charts, news releases and articles, and up-to-the-minute stock prices click on the stock symbols provided by TalkMarkets. All currency amounts are in U.S. dollars. Go here to convert to another currency.)

Index Performance

The criteria for being included in the munKNEE Pure-Play Pot Stock Index is that the stock is consistently trading for a minimum of US$1/share and generates 100% of its revenue directly from the sale of cannabis products.

The ongoing surge in the price of marijuana stocks into February is primarily due to the expectation that the Democrats' winning the two Senate seats in Georgia giving them a majority in the Senate will result in the passage of more favorable Federal marijuana legalization in the U.S.

The Canadian Licensed Producer (LP) Category went up 19.6% last week with 9 of the 10 stocks within the category advancing of which 6 did by +15%, as follows:

1. Tilray (TLRY): +42.1% to $25.72/share
2. Aphria (APHA): +35.9% to $16.67/share
3. Organigram (OGI): +27.9% to $2.34/share
4. Neptune (NEPT): +24.7% to $2.22/share
5. Hexo (HEXO): +22.8% to $7.80/share
6. Cronos (CRON): +16.0% to $12.01/share

Aurora (ACB), Canopy (CGC), and Valens (VLNCF) only went up 14.8%,  7.1%, and 6.4%, respectively, last week while there was No Change in the Rubicon (ROMJF) share price.

The U.S. Multi-State Operator (MSOs) Category went up 17.7% last week with all 20 constituents in the category advancing with 15 doing so by +15%, as follows:

1. Vireo Health (VREOF): +52.6% to $3.48/share
2. cbdMD (YCBD): +39.4% to $4.88/share
3. Harvest Health (HRVSF): +31.8% to $3.94/share
4. Jushi (JUSHF): +25.8% to $8.25/share
5. Medicine Man (SHWZ): +24.7% to $2.98/share
6. Cresco (CRLBF): +23.6% to $14.47/share
7. Charlotte's Web (CWBHF): +23.1% to $4.95/share
8. Curaleaf (CURLF): +19.4% to $15.88/share
9. Indus (INDXF): +18.9% to $1.32/share
10. Ayr (AYRWF): +18.5% to $31.50/share
11. TerrAscend (TRSSF): +17.5% to $14.26/share
12. Harborside (HBORF): +17.2% to $2.25/share
13. Planet 13 (PLNHF): +16.9% to $6.15/share
14. Columbia (CCHWF): +16.2% to $7.40/share
15. Trulieve (TCNNF): +16.0% to $46.37/share

Green Thumb (GTBIF) and C21 Investments (CXXIF) went up 14.5% and 12.2%, respectively, while the two Acreage stocks (ACRDF + ACRHF) only advanced 9.5% on average for the week and IM Cannabis (IMCNF) barely broke even only going up 0.5%. 

Further details regarding the equal-weighted munKNEE Pure-Play Pot Stock Index are as follows:

• Only 30 stocks qualify for inclusion in the Index out of a total of over 225 (pure-play and ancillary) trading on North American exchanges.
• The average market capitalization of the 30 constituents is US$1.5B, as follows:
  • 10 have market caps ranging between $1.0B and $10.0B;
  • 5 have market caps between $500M and $999M;
  • 12 have market caps between $100M and $499M and
  • 3 have market caps of less than $100M.