Written by Lorimer Wilson, editor of munKNEE.com
What do you really know about the cannabis stock market? Not much I would expect, as little of substance is being written about the cannabis stock market these days other than articles hyping/promoting specific client companies. That short-coming has just come to an end. This post highlights the extremely insightful daily articles he posts exclusively on TalkMarkets.com. Check them out.
The Pot Stock Index of the 25 pure-play cannabis stocks that trade for +US$1/share advanced 3.7% on Friday with 23 of the constituents advancing.
A look at the constituent makeup of the 11 publicly traded “marijuana” ETFs reveals that they include a large percentage of pharmaceutical, real estate, grower supply, and tobacco/spirit companies. Why is that? Here’s the surprising reason.
Our Pot Stock Index continues to flip-flop weekly. This past week was no exception with the index up 6.3% vs. being down 9.2% the previous week and up 10.0% the week before that.
Cresco Labs Inc., a vertically integrated multi-state cannabis operator in the United States, today released its unaudited financial results for the second quarter ended June 30, 2020 and, as can be seen below, they were outstanding across the board.
The pure-play Pot Stock Index is down 15.0% YTD but the American Multi-State Operators (MSOs) category within the index is up 11.9% compared to the Canadian Licensed Producers (LPs) category which is down 38.1% since the beginning of 2020.
Of the 300 cannabis stocks that actively trade on the various Canadian and American stock exchanges only 25 are pure-play cannabis companies who derive 100% of their revenue from the sale of cannabis or cannabis-related products.
Cannabis stocks are DOWN 20%, on average, YTD but there are 11 stocks in munKNEE.com’s Pot Stock Index that are UP 35.8%, on average, YTD. This article identifies these hidden gems and how well they have done over the past 7 months.
Our Pot Stock Index was up +16.5% in July compared to a -8.0% decline in June. Here are July’s major winners and losers.
Seven major consumer and pharmaceutical corporations have bought into marijuana companies to take full advantage of this rapidly growing market.
The marijuana market consists of 313 companies from which various numbers of them are included in seven indexes. Which ones are the best?
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