Cannabis stocks have been on a roller coaster ride since the May 2016 legalization of recreational marijuana in Canada. The TSX Venture Exchange’s marijuana stocks have been falling since the Q1 2017, where they saw their highest quarterly volume since the Q4 2016.
Since I’ve been posting on the blog for a while now, I’ve learned one thing: a lot of people don’t realize how much cannabis stocks have been affected by the US national legalization of cannabis. You may have noticed that the stock prices of many cannabis companies have dropped significantly since when legal cannabis sales started on January 1st of this year. In fact, as of the writing of this post, stocks of many cannabis companies have been in a downward trend for weeks.
High Yields is a news site created to be the most comprehensive source for news and information on the cannabis sector. It is the only site dedicated to the cannabis industry. This is our second quarter report and we have compiled a list of highest and lowest performing stocks for the second quarter.. Read more about agrify reviews and let us know what you think.The global cannabis stock index fell for the fourth consecutive month, losing 4.1% to 57.10 :
Theindex, which fell 8.7% in the second quarter, counted 46 qualified members for the month following a quarterly rebalancing in late March and the exclusion of Aphria in late April and GW Pharma in early May. After rising 5.2% in 2020 to 44.39, it will rise 28.6% in 2021. It has fallen 38.3% from its highest 2021 closing price of 92.48 on the 10th. February was down, but up 94.2% last year:
After the publication of the index on 18. After hitting an all-time low of 16.95 on March 2020, it jumped to end the month up 237%, but still 68% below its closing high of 180.02 in early 2018 :
The four strongest names received at least 15% in June:
Agrify is up 19% since its IPO earlier this year. KushCo Holdings is up 41% ahead of its 2021 merger with Greenlane (NASDAQ:GNLN). RIV Capital is up 86%. India’s globalization has increased by 5%.
The 4 weakest names all fell by more than 20% in June:
Despite a significant drop last month, Goodness Growth (formerly Vireo Health) is up 24% in 2021. Charlotte’s Web is up 8%. Columbia Care fell 23%, while HEXO Corp rose 58%.
We have also published separate performance overviews for the Canadian LP Index, the US Cannabis Operator Index and the Companion Cannabis Index:
In the third quarter, the index will consist of 44 members, with eight additions and 10 deletions. AFC Gamma (NASDAQ: AFCG), Flora Growth (NASDAQ: FLGC), Forian (NASDAQ: FORA), High Tide (TSXV: HITI) (NASDAQ: HITI), IM Cannabis (CSE: IMCC) (NASDAQ: IMCC), iPower (NASDAQ: IPW), Jazz Phama (NASDAQ: JAZZ), and WM Technology (NASDAQ: MAPS) are included in the index. Acreage Holdings (CSE: ACRG.A.U) (OTC: ACRHF), cbdMD (NYSE American: YCBD), Goodness Growth (CSE: GDNS) (OTC: GDNSF), KushCo Holdings (OTC: KSHB), Power REIT (NYSE American: PW), RIV Capital (TSX: RIV) (OTC: CNPOF), SOL Global (CSE: SOL) (OTC: COLCF), Sundial (NASDAQ: SNDL) and TAAT Lifestyle (CSE: TAAT) (OTC: TOBAF). We have discussed these changes in more detail with subscribers to 420 Investor, our premium service.
We will review the performance of the index again in a month’s time. For more information on index participants and eligibility requirements, please visit the Global Cannabis Stock Index website. For a more complete analysis of the index, see 420Investor.com. Don’t forget to bookmark this page to stay informed about cannabis stock price changes throughout the day or from one day to the next.
New Cannabis Ventures manages seven proprietary indices designed to help investors track publicly traded cannabis stocks, including the Global Cannabis Stock Index, as well as the Canadian Cannabis LP Index and its three sub-indices. A sixth index, the American Cannabis Operator Index, was launched in late October 2018 and tracks the top cannabis cultivators, processors and retailers in the United States. We recently launched the Ancillary Cannabis Index at the end of March 2021, which reflects the growing number of listed companies that provide goods or services to cannabis operators.
Stay ahead of the crowd by subscribing to 420 Investor, the largest and most comprehensive subscription service for cannabis dealers and investors since 2013.
Based in Houston, Alan draws on his experience as founder of the 420 Investor online community, the first and still largest due diligence platform focused on publicly traded stocks in the cannabis sector. Through his many connections in the cannabis community, Alan continues to find new ways to bring the industry together and promote sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Until early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent analyst and then for more than two decades in research and portfolio management. Alan is a prolific writer with over 650 articles published on Seeking Alpha since 2007, where he has 70,000 subscribers. He is a frequent speaker at industry conferences and appears regularly in the media, including the NY Times, Wall Street Journal, Fox Business and Bloomberg TV. Get in touch with Alan: Twitter | Facebook | LinkedIn | E-mail
In this section:
afc gamma, AFCG, agfy, Agrify, CCHW, CCHWF, Charlotte’s Web, cnpof, Columbia Care, cwbhf, CWEB, FLGC, Flora Growth, fora, Forian, GDNS, GDNSF, Goodness Growth, Hexo, hexo corp, high tide, hiti, IGC, im cannabis, imcc, India Globalization Capital, ipower, ipw, Jazz, jazz pharma, kshb, KushCo Holdings, maps, RIV, riv capital, WeedMaps, wm technology
US cannabis stocks down for fourth consecutive month
Cannabis stocks up 3.3% in June
Canadian cannabis shares up 1% in June
Charlotte’s Web, Inc. becomes the exclusive supplier of CBD cannabis to Life Time
The global cannabis stocks have been in the midst of a long bear market since April 2016, when the stock value reached a height of $1150. Since then, they have been on a steady decline, and as of the latest figures, they have dropped to a new low of $472.. Read more about agrify ipo and let us know what you think.
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