The 5 Cannabis Sectors Performed Quite Differently This Past Week

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The 5 categories in the cannabis sector perform quite differently week-to-week and last week was no exception. Below is a summary of how each category performed last week, in descending order, since the end of October (i.e. 6 weeks) and YTD:

  1. The Conservative Pot Stocks Index was:
    • DOWN 2.8% last week,
    • DOWN 1.1% in the last 6 weeks,
    • DOWN 2.2% YTD (UP 0.7% including dividends)
    • 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 0.89% for Anheuser Busch to 8.05% for Altria and average out at 2.87%.
  2. The Ancillary Pot Stock Index was:
    • DOWN 3.0% last week,
    • UP 2.0% in the last 6 weeks,
    • DOWN 61.4% 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.
  3. The Canadian Cannabis LPs Index was:
    • DOWN 5.2% last week,
    • DOWN 11.9% in the last 6 weeks,
    • DOWN 60.2% 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.
  4. The Psychedelic Drug Stocks Index was:
    • DOWN 6.9% last week,
    • DOWN 12.7% in the last 6 weeks,
    • DOWN 54.4% 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.
  5. The American Cannabis MSOs Index was:
    • DOWN 15.5% last week,
    • DOWN 18.5% in the last 6 weeks,
    • DOWN 65.6% 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.

In summary, the 5 cannabis/cannabis-related company stock category performances ranged, depending on the category, from:

  • - 2.8% to -15.5% last week,
  • +2.0% to -18.5% in the past 6 weeks and
  • +0.7% (dividends included) to -65.6% YTD

More By This Author:

Plant-Based Food Stocks Index Continued To Wilt This Week
Major Canadian Cannabis LPs Continue Their Downward Slide
Major American Cannabis MSOs Continue To Crash: Down 15.5% This Week

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