Friday , 23 October 2020

Cannabis Central: Most Pot Stocks Are Losers YTD But These 6 Are Winners

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.

By Lorimer Wilson, managing editor of A site for sore eyes and inquisitive minds!

The 6 stocks in question are UP 7.4% YTD, on average, versus a decline of 28.3% YTD for the basket of 25 stocks that make up the constituents of the equal-weighted Non-penny Pot Stock Index. 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) Category: 22 NPSI constituents in total and DOWN 29.0% YTD, on average
    • Canadian Licensed Producers (LPs): 8 constituents DOWN 37.4% YTD, on average
      • Rubicon (ROMJF) +40.7% YTD
    • American Multi-State Operators (MSOs): 11 constituents DOWN 14.4% YTD, on average
      • Columbia (CCHWF) +1.2% YTD
      • Green Thumb (GTBIF) +2.6% YTD
      • Trulieve (TCNNF) +8.0% YTD
    • Hemp Multi-State Operators – 3 constituents DOWN 41.7% YTD, on average
      • None
  2. Extraction Processor/Marketer – 2 constituents DOWN 13.4% YTD, on average
    • Neptune (NEPT) +4.0% YTD
  3. Consumption Device Manufacturer/Marketer – 1 constituent
    • Greenlane (GNLN) +10.7% YTD

About Lorimer Wilson

Lorimer Wilson with Gold BarLorimer Wilson is an economic & financial commentator who has written numerous articles on economics, finance, precious metals, and rare earth metals. He is the Editor of a site that provides a selection of the internet’s best finance articles in an edited, reformatted and abridged format to ensure a fast and easy read. He is also a frequent contributor to,,  , and has joined to provide you with individual company research articles and specific stock recommendations in addition to munKNEE’s more general informative articles on the economy, the markets, and gold, silver and cannabis investing.
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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.