Worldwide Cannabis Stock Index Extends Correction in July Even though Retaining 13.four% Ytd Gains – New Cannabis Ventures


August four, 2019 at 7:34 pm

Following a 57.four% acquire in Q1 followed by a 28.% pullback in Q2, Cannabis stocks, as measured by the Global Cannabis Stock Index, moved sharply reduced in July, declining 13.eight%:

The index, which had 52 qualifying members for the duration of the month following the quarterly rebalancing at the finish of June, declined 54.9% in 2018 but has rallied 21.four% due to the fact the 2018 low set on December 24th by means of month-finish. Worldwide cannabis stocks have gained 13.four% in 2019 regardless of the gyrations in the industry:four names gained a lot more than 10% for the duration of July:

Neptune priced an equity providing and then rallied sharply. Charlotte’s Internet was apparently advisable by a well-liked newsletter and expanded distribution with Kroger Shops. Scotts Miracle-Gro moved to an all-time higher immediately after reporting earnings that have been helped by improvement in its Hawthorne Gardening Organization division as the California industry enhanced. Curaleaf rallied immediately after it announced a substantial pending acquisition of a private multi-state cannabis operator, GrassRoots Cannabis.

five names fell by a lot more than 30% for the duration of July:

CannTrust was crushed following revelations that it violated Well being Canada guidelines by increasing in rooms, now licensed, ahead of official approval. Akerna imploded immediately after a major run-up in June following the closing of the acquisition of MJ Freeway and name and symbol modify. There was no news to clarify the decline in Pharmacielo or Physique and Thoughts. TILT Holdings announced a $125 million convertible note financing.

We have also published separate evaluations of the efficiency of the American Cannabis Operators Index:

We will summarize the index efficiency once more in a month. You can understand a lot more about the index members and the qualifications for inclusion by going to the Global Cannabis Stock Index. Be certain to bookmark the web page to remain existing on cannabis stock value movements inside the day or from day-to-day.

New Cannabis Ventures maintains six proprietary indices designed to assist investors monitor the publicly-traded cannabis stocks, like the Worldwide Cannabis Stock Index as nicely as the Canadian Cannabis LP Index and its 3 sub-indices. The sixth index, the American Cannabis Operator Index, was launched at the finish of October and tracks the major cultivators, processors and retailers of cannabis in the United States.

Get ahead of the crowd by signing up for 420 Investor, the biggest &amp most extensive premium subscription service for cannabis traders and investors due to the fact 2013.

Alan Brochstein, CFA
Primarily based in Houston, Alan leverages his practical experience as founder of on line communities 420 Investor, the 1st and nevertheless biggest due diligence platform focused on the publicly-traded stocks in the cannabis market. With his substantial network in the cannabis neighborhood, Alan continues to uncover new approaches to connect the market and facilitate its sustainable development. At New Cannabis Ventures, he is accountable for content material improvement and strategic alliances. Just before shifting his concentrate to the cannabis market in early 2013, Alan, who started his profession on Wall Street in 1986, worked as an independent investigation analyst following more than two decades in investigation and portfolio management. A prolific writer, with more than 650 articles published due to the fact 2007 at In search of Alpha, exactly where he has 70,000 followers, Alan is a frequent speaker at market conferences and a frequent supply to the media, like the NY Occasions, the Wall Street Journal, Fox Organization, and Bloomberg Television. Make contact with Alan: Twitter | Facebook | LinkedIn | E mail

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