International Cannabis Stock Index Extends Correction in July Although Retaining 13.four% Ytd Gains – New Cannabis Ventures

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August four, 2019 at 7:34 pm

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

The index, which had 52 qualifying members through the month following the quarterly rebalancing at the finish of June, declined 54.9% in 2018 but has rallied 21.four% because the 2018 low set on December 24th via month-finish. International cannabis stocks have gained 13.four% in 2019 in spite of the gyrations in the market place:four names gained extra than 10% through July:

Neptune priced an equity supplying and then rallied sharply. Charlotte’s Net was apparently suggested by a preferred newsletter and expanded distribution with Kroger Shops. Scotts Miracle-Gro moved to an all-time higher immediately after reporting earnings that had been helped by improvement in its Hawthorne Gardening Enterprise division as the California market place enhanced. Curaleaf rallied immediately after it announced a substantial pending acquisition of a private multi-state cannabis operator, GrassRoots Cannabis.

five names fell by extra than 30% through July:

CannTrust was crushed following revelations that it violated Wellness Canada guidelines by increasing in rooms, now licensed, just before official approval. Akerna imploded immediately after a huge 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 overall performance of the American Cannabis Operators Index:

We will summarize the index overall performance once again in a month. You can discover extra about the index members and the qualifications for inclusion by going to the Global Cannabis Stock Index. Be positive to bookmark the web page to remain present on cannabis stock value movements inside the day or from day-to-day.

New Cannabis Ventures maintains six proprietary indices designed to aid investors monitor the publicly-traded cannabis stocks, which includes the International 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 top 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 because 2013.

Alan Brochstein, CFA
Primarily based in Houston, Alan leverages his knowledge as founder of on the net communities 420 Investor, the very first and nevertheless biggest due diligence platform focused on the publicly-traded stocks in the cannabis sector. With his in depth network in the cannabis neighborhood, Alan continues to discover new techniques to connect the sector 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 sector in early 2013, Alan, who started his profession on Wall Street in 1986, worked as an independent analysis analyst following more than two decades in analysis and portfolio management. A prolific writer, with more than 650 articles published because 2007 at Looking for Alpha, exactly where he has 70,000 followers, Alan is a frequent speaker at sector conferences and a frequent supply to the media, which includes the NY Occasions, the Wall Street Journal, Fox Business enterprise, and Bloomberg Television. Speak to Alan: Twitter | Facebook | LinkedIn | E mail

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