E Pure-Play Pot Stock Index Up 2.6% On Wednesday; Tilray Up 18.6%

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

  • *The 25 pure-play constituents in the PPSI are just that, pure, deriving 100% of their revenue from the sale of cannabis or cannabis-related products.
    • Unlike every marijuana ETF (see this TalkMarkets article) and every other cannabis tracking index (see this TalkMarkets article), the PPSI excludes "wanna-be" companies that currently generate little, if any, of their revenue from the cannabis industry so as to reflect the true health of the marijuana industry in the U.S. and Canada.
    • As such, the following 9 companies, while trading well above the minimum Index listing criteria of US$1/share, are excluded: GW Pharmaceuticals, Abbvie, Arena Pharmaceuticals, GrowGeneration, Scotts Miracle-Gro, Innovative Industrial Properties REIT, New Age Beverages, Alcanna, and Alkerna.
  • The average market capitalization of the 25 constituents in the munKNEE PPSI is US$1.5B.
  • 10 constituents have market caps ranging between $1.0B and $10.0B; 4 have market caps between $500M and $999M and 11 constituents have market caps ranging between $100M and $499M.
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