Roundup: 5 Cannabis Category Performances
The 5 categories in the cannabis sector perform quite differently and below is a summary of how each category performed last week, in descending order, and YTD:
- The Psychedelic Drug Stocks Index: UP 3.2% last week; UP 14.8% YTD
- The Index consists of 6 psychedelic compound-based and marijuana (THC) drug companies in the clinical stages of research and development of treatments for a wide variety of mental illnesses, namely, Cybin (CYBN); Atai (ATAI); Seelos (SEEL), Compass Pathway (CMPS); Mind Medicine (MNMD) and GH Resources (GHRS) which trade on the Canadian and/or American stock exchanges and have market caps of at least US$50M.
- Read: Largest Psychedelic Stocks +3% This Week; Now +15% YTD
- The Conservative Pot Stocks Index: DOWN 1.3% last week; DOWN 2.8% YTD
- The Index consists of 6 tobacco, beer, and liquor companies that have invested heavily in the cannabis industry, namely, Altria Group (MO); Anheuser-Busch (BUD); British American Tobacco (BTI); Constellation Brands (STZ); Imperial Brands (IMBBY) and Molson Coors Brewing Company (TAP) and they all pay dividends with yields ranging from just 0.9% for Anheuser Busch to 8.4% for Altria and average out at 3.1%.
- The Canadian Cannabis LPs Index; DOWN 2.2% last week; UP 10.5% YTD
- The Index consists of the 5 largest Canadian Licensed Producers, namely: Aurora (ACB); Canopy Growth (CGC); Cronos (CRON); Organigram (OGI), and Tilray (TLRY) which trade for at least US$1/share on the Canadian and/or American stock exchanges and have a market cap in excess of US$250M.
- Read: Largest Cannabis LPs -2% This Week; +10.5% YTD
- The American Cannabis MSOs Index: DOWN 2.8% last week; UP 0.6% YTD
- The Index consists of the 12 largest American Multi-State Operators, namely, Acreage (ACRDF/ACRHF); Ascend Wellness (AAWH); Ayr Wellness (AYRWF); Columbia Care (CCHWF); Cresco (CRLBF); Curaleaf (CURLF); Green Thumb (GTBIF); Jushi (JUSHF); Planet 13 (PLNHF); TerrAscend (TRSSF); Trulieve (TCNNF) and Verano (VRNOF) which trade for at least US$1/share on the Canadian and/or American stock exchanges and have a market cap of at least US$200M.
- Read: Largest American Cannabis MSOs -3% This Week; Now Only +0.6% YTD
- The Ancillary Pot Stock Index: DOWN 9.6% last week; UP 2.5% YTD
- The Index consists of the 7 largest companies providing goods and services to the cannabis sector, namely, AFC Gamma (AFCG); Forian (FORA); Hydrofarm (HYFM); GrowGeneration (GRWG); Innovative Industrial Properties (IIPR); Scotts Miracle-Gro Company (SMG) and Turning Point Brands (TPB) which trade for at least US$3/share on the Canadian and/or American stock exchanges and have a market cap of at least US$100M.
In summary, the 5 cannabis/cannabis-related company stock category performances ranged from:
- +3.2% to -9.6% last week and
- 14.8% to -2.8% YTD.
More By This Author:
Largest Psychedelic Stocks +3% This Week; Now +15% YTD
Largest American Cannabis MSOs -3% This Week; Now Only +0.6% YTD
Largest Cannabis LPs -2% This Week; +10.5% YTD
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