The worldwide hashish inventory index bounces off April 20 however falls 2% in April – New Hashish Ventures
The Global Cannabis Stock Index shook off a mid-month collapse but fell for the second straight month, falling 2.2% to 61.19:
The index, which had 48 qualified members in the month following the quarterly realignment at the end of March, rose 5.2% to 44.39 in 2020 and rose 37.8% in 2021. It has fallen 34.0% since its closing high of 92.48 in 2021 February 10:
After hitting an all-time low of 16.95 on March 18, 2020, the index rose sharply and ended the month 261% higher but still fell 66% from its closing high in early 2018 at 180.02:
The top 4 names in April all gained at least 16%:
With its strong rally in April, Valens is now up 123.5% in 2021. The 22nd century increased 112.7%. Taat Global Alternatives was up 63.9% and Jushi was up 21.8%.
The 4 weakest names in April all fell more than 17%:
Despite the fall in April, Tilray is up 122.0% in 2021. The organizational chart has increased by 99.6%. The sundial is up 82.4% and Greenlane is up 11.1%.
We have also published separate ratings of the performance of the Canadian LP Index, the American Cannabis Operators Index, and the Ancillary Cannabis Index:
We will summarize the index performance again in a month. For more information on index members and eligibility for inclusion, see the Global Cannabis Stock Index. A more complete analysis of the index can be found at 420Investor.com. Make sure to bookmark the page to keep up to date with the movement in the price of cannabis stocks within the day or day-to-day.
New Cannabis Ventures maintains seven proprietary indices that investors can use to monitor publicly traded cannabis stocks, including the Global Cannabis Stock Index and the Canadian Cannabis LP Index and its three sub-indices. The sixth index, the American Cannabis Operator Index, was launched in late October 2018 and tracks the leading growers, processors, and retailers of cannabis in the United States. More recently, in late March 2021, we introduced the Additional Cannabis Index, which reflects the increasing number of publicly traded companies offering goods or services to cannabis operators.
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Alan is based in Houston and leverages his experience as the founder of the online community 420 Investor, the first and largest due diligence platform focused on publicly traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan is always looking for new ways to connect the industry and fuel its sustainable growth. At New Cannabis Ventures he is responsible for content development and strategic alliances. Before focusing on the cannabis industry in early 2013, Alan worked as an independent research analyst in 1986 after spending over two decades in research and portfolio management. Alan is a prolific writer with over 650 articles published since 2007 on Seeking Alpha where he has 70,000 followers. He is a frequent speaker at industry conferences and a frequent source for media such as the NY Times, Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | E-mail
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In this article:
22nd Century Group, Gnln, Greenlane, Jush, Jushf, Jushi Holdings, OGI, Organigramm, SNDL, Sundial, Sundial, Taat, Taat, global alternatives, Tilray, TLRY, Tobaf, Valens, Vlncf, Vlns, XXII