Global Cannabis Stock Index Extends 2019 Gains to 54%

Cannabis stocks, as measured by the Global Cannabis Stock Index, added to big January gains, rallying 6.0% in February to 98.62:

The index, which had 42 qualifying members during the month, declined 54.9% in 2018 but has rallied 66.0% since the 2018 low set on December 24th and is up 54.0% to begin 2019:

Leading the way, all with returns in excess of 20%, were:

Village Farms uplisted to the NASDAQ during the month. Innovative Industrial Properties raised capital successfully and was also added to the S&P 600 SmallCap Index.

Three names fell by more than 20% during February:

Wayland Group provided guidance on its Q4 and Q1 revenue during the month. Namaste Technologies fired its CEO, Sean Dollinger. Canopy Rivers, which had rallied 94% in January, gave up some of the gains after pricing an equity offering.

We will summarize the index performance again in a month. You can learn more about the index members and the qualifications for inclusion by visiting the Global Cannabis Stock Index. Be sure to bookmark the page to stay current on cannabis stock price movements within the day or from day-to-day.

New Cannabis Ventures maintains six proprietary indices designed to help investors monitor the publicly-traded cannabis stocks, including the Global Cannabis Stock Index as well as the Canadian Cannabis LP Index and its three sub-indices. The sixth index, the American Cannabis Operator Index, was launched at the end of October and tracks the leading cultivators, processors and retailers of cannabis in the United States.

 

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Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

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