The American Cannabis Operator Index fell for the fourth straight month after having scored five straight monthly gains, declining 9.9% to 70.17:

After gaining 45.7% in 2020, when it ended at 63.05, the index is up 11.3% in 2021 and has gained 157.5% over the past year:

The index, which launched at the end of October 2018 with a value of 100, reached a closing high of 124.16 a week later before declining to 70.64 in late December 2018. It then rallied as high as 119.53 in early April 2019 before selling off over the balance of the year and into March 2020. It has rebounded 383.9% from an all-time closing low on March 18, 2020 at 14.50:

During June, the index included 30 companies, including 26 multi-state operators (MSOs) and 4 focused solely on CBD extracted from industrial hemp. 2 companies posted double-digit returns, while 13 declined by more than 10% during the month:

The four best performing stocks in June included Next Green Wave (CSE: NGW) (OTC: NXGWF),  Green Thumb Industries (CSE: GTII) (OTC: GTBIF), Planet 13 Holdings (CSE: PLTH) (OTC: PLNHF) and Harvest Health and Recreation (CSE: HARV) (OTC: HRVSF). Year-to-date, Next Green Wave has increased 127.6%, GTI has gained 34.7%, Planet 13 has increased 25.7% and Harvest has gained 91.2%.

The four worst performing stocks during the month included HempFusion (CSE: CBD.U) (OTC: CBDHF), the worst stock in April and in May as well, Goodness Growth (CSE: GDNS) (OTC: GDNSF), Charlotte’s Web (TSX: CWEB) (OTC: CWBHF) and Columbia Care (CSE: CCHW) (NEO: CCHW) (OTC: CCHWF). HempFusion has lost 61.5% since its IPO earlier this year. Goodness Growth has increased 23.7% year-to-date. Charlotte’s Web has gained 8.2%. Columbia Care has lost 23.2%.

For July, the index will include 30 stocks, with four additions, including Ascend Wellness (CSE: AAWH) (OTC: AWWH), Grove Inc. (NASDAQ: GRVI), Harborside (CSE: HBOR) (OTC: HBORF) and Terra Tech (OTC: TRTC), and four removals, including C21 Investments (CSE: CXXI) (OTC: CXXIF),  Chalice Farms (CSE: CHAL) (OTC: CHALF), HempFusion (CSE: CBD) (OTC: CBDHF) and MedMen (CSE: MMEN) (OTC: MMNFF).

In the next monthly review, we will summarize the performance for June and discuss any additions or deletions. Be sure to bookmark the page to stay current on American cannabis operators stock price movements within the day or from day-to-day.

Exclusive article by 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