Global Cannabis Stocks Index Ends at 52-Week Low in November

The Global Cannabis Stock Index fell for the ninth consecutive month, declining 9.6% to 37.13:

The index, which was down 21.2% in Q3, had 42 qualifying members during the month and is now down 17.5% in Q4. After increasing 5.2% in 2020 to 44.39, it is now down 16.4% in 2021. It has declined 59.8% from its 2021 closing high of 92.48 on February 10th and has lost 17.0% over the past year:

After posting an all-time closing low of 16.95 set on March 18, 2020, the index has rallied sharply to end the month 119.2% higher but still down 79.4% from its early 2018 closing high at 180.02:

The strongest 4 names in November all gained at least 7%:

High Tide has gained 109% in 2021, while InterCure has lost 28% since year-end, when it was trading as a SPAC. Taat Global Alernatives has gained 17%, and Columbia Care has declined 47% year-to-date.

The 4 weakest names in November all declined by more than 29%:

Flora Growth has lost 59% since its $5 IPO in May. WM Technology has declined 44% since year-end, when it was trading as a SPAC. Greenlane has lost 70% in 2021, while AgriForce has dropped 57% since its July IPO at $5.

We have also published separate reviews 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 and provide a summary of the year-end rebalancing. You can learn more about the index members and the qualifications for inclusion by visiting the Global Cannabis Stock Index. A more complete analysis of the index is available at 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 seven 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 2018 and tracks the leading cultivators, processors and retailers of cannabis in the United States. More recently, we introduced the Ancillary Cannabis Index at the end of March 2021, reflecting the increasing number of publicly-traded companies providing goods or services to cannabis operators.

Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online community 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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