Cannabis Central – Most Pot Stocks are Down YTD but these 6 are “Winners”

Only 6 pure-play, non-penny cannabis stocks are higher year-to-date

July 9, 2020 Chris Thompson Cannabis, Investor Insights, Investor Thoughts, Market Insights, Market Pundits, munKNEE.com

Below is an article written by Lorimer Wilson of Munknee.com. MunKNEE.com is a new affiliate of eResearch.com.

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Only 6 pure-play non-penny pot stocks are UP year-to-date out of a total of 300 actively traded cannabis stocks listed on the various North American stock exchanges. These “momentum” stocks, representing just 2% of the total, suggest that their companies are well managed, well financed and executing their respective business plans in such a manner as to have the confidence of serious marijuana stock investors. As such, they deserve your attention and this article does just that.

The 6 stocks in question are UP 7.4% YTD, on average, versus a decline of 28.3% YTD for the remaining 25 stocks that make up the constituents of the equal-weighted Non-penny Pot Stock Index (“NPSI”). Is it any wonder these “momentum” pot stocks warrant your attention?

Given the above you can understand my concentration on the very few winners in the cannabis stock sector. The 6 winners YTD are in each of 3 categories and their performance within those categories is as follows:

  1. Vertically Integrated (Seed-to-Sale): 4 NPSI constituents are UP (average 7.4% YTD) and 22 NPSI constituents are DOWN (average 29.0% YTD)

    1. trulieve - logoCanadian Licensed Producers (LPs): 
      • Rubicon (ROMJF) +40.7% YTD
      • 8 other constituents DOWN 37.4% YTD, on average
    2. American Multi-State Operators (MSOs): 
      • Columbia (CCHWF) +1.2% YTD
      • Green Thumb (GTBIF) +2.6% YTD
      • Trulieve (TCNNF) +8.0% YTD
      • 11 other constituents DOWN 14.4% YTD, on average
    3. Hemp Multi-State Operators 
      • None are up
      • 3 constituents DOWN 41.7% YTD, on average

  2. Greenlane logoExtraction Processor/Marketer (3 constituents)

    • Neptune (NEPT) +4.0% YTD
    • 2 other constituents DOWN 13.4% YTD, on average

  3. Consumption Device Manufacturer/Marketer (1 constituent)

    • Greenlane (GNLN) +10.7% YTD

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To view the original article, please visit: https://www.munknee.com/cannabis-central-most-pot-stocks-are-losers-ytd-but-these-6-are-winners/

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Related Articles from the munKNEE Vault:

1. Cannabis Central: A Conservative Approach To Investing In The Marijuana Industry

7 major consumer and pharmaceutical corporations have bought into marijuana companies to take full advantage of this rapidly growing market and this article compares their stock performance YTD  compared with that of their marijuana partners:

2. Cannabis Central: 2 Steps Forward (April & May); 1 Step Back (June)

Below is the June performance of the constituents of the equally-weighted Non-penny Pot Stock Index (NPSI) of 25 pure-play cannabis stocks within each of the 3 categories that represent their primary area of focus in the cannabis industry.

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munKNEE.com is a new affiliate of eResearch.com. To learn more about munKNEE.com, please visit their website and sign-up for their weekly newsletter.

About Chris Thompson 352 Articles
Chris Thompson is the President and Director of Equity Research at eResearch. He is a Professional Engineer and CFA Charterholder with a MBA in Investment Management and over 15 years of experience in software development, FinTech, telecommunications, and information technology. For the past 10 years, he has worked in the Capital Markets in Equity Research, M&A Investment Banking and Consulting in various sectors.

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