The "Seed-To-Sale" Pot Stocks Index Was -10.7% Last Week And Is Now -29.8% YTD

The munKNEE Pure-Play "Seed-to-Sale" Pot Stocks Index declined -10.7% last week and is now DOWN -29.8% YTD. Below are the specifics by constituent.

person holding white flower during sunset

Image Source: Unsplash

The "Seed-to-Sale" Pot Stocks Index consists of the 23 non-ancillary (i.e. pure-play) vertically integrated cannabis companies whose stocks trade for at least US$1/share, have a market cap of at least US$300M and trade on one or more of the Canadian and/or American stock exchanges. Six of the 23 index constituents that meet that criteria are Canadian Licensed Producers (LPs) and 17 are American Multi-State Operators (MSOs) and those 23 companies represent 10% of the total universe of 218 cannabis and ancillary companies currently trading.

ALL but one constituent went DOWN further last week with 8 going down between 5% and 10% and 11 doing so by 10% or more, as follow, in descending order: (* designates an MSO stock; ** designates a LP stock) 

  1. Aurora** (ACB): +0.4%
  2. Gage* (GAGE): -3.9%
  3. Verano* (VRNOF): -4.0%
  4. Columbia Care* (CCHWF): -4.8%
  5. TerrAscend* (TRSSF): -5.3%
  6. 4Front Ventures* (FFNTF): -5.6%
  7. Acreage* (ACRDF/ACRHF): -6.1%
  8. Goodness Growth* (GDNSF): -6.2%
  9. Jushi* (JUSHF): -7.3%
  10. Curaleaf* (CURLF): -7.9%
  11. Trulieve* (TCNNF): -9.3%
  12. Cresco* (CRLBF): -9.4%
  13. Cronos** (CRON): -10.9%
  14. Green Thumb* (GTBIF): -11.0%
  15. Ascend Wellness* (AAWH): -11.9%
  16. Planet 13* (PLNHF: -12.5%
  17. Canopy Growth** (CGC): -14.5%
  18. Charlotte's Web* (CWBHF): -14.7%
  19. Tilray** (TLRY): -15.3%
  20. Organigram** (OGI): -15.7%
  21. Ayr Wellness* (AYRWF): -17.5%
  22. Hexo** (HEXO): - 21.0%
  23. Valens* (VLNCF): -26.7%

In summary, 5 of the 6 Canadian Licensed Producers** went DOWN an average of -11.8% last week while all 17 of the American Multi-State Operators* went DOWN an average of -10.4%.

You are encouraged to visit the company websites, click on the hyperlinked symbols in this article of those stocks you are interested in and review their latest financial statements and commentary as ...

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