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NEWS!
January 31, 2018 09:00 AM ET (BZ Newswire) -- Biotech
As cannabis continues to go mainstream, and an ever-increasing number of companies make it to major stock exchanges, market participants feel a growing need for sophisticated financial instruments to track the industry’s overall performance. Among these instruments are indices and ETFs.
U.S. traded ETFs include the Horizons Marijuana Life Sciences Index ETF (OTC:HMLSF), which replicates the North American Medical Marijuana Index, and the ETFMG Alternative Harvest ETF (NYSE:MJX), which replicates the Prime Alternative Harvest Index.
Beyond these two, a few other indices have been tracking the performance of marijuana stocks. Among them, the New Cannabis Ventures’ Cannabis Stock Index, which comprises 75 companies; there's also the not-closely-followed MJ Index, and the discontinued Viridian Cannabis Stock Index.
The Green Market Report Index
On Wednesday, Benzinga learned about a new cannabis stock index set to debut -- the Green Market Report Index. The index includes 30 public companies selected due to their market cap, revenues, and operational standards. “These companies must be predominantly focused on the cannabis industry and the list is reviewed on a quarterly basis,” the site explains.
“At Green Market Report, we have selected what we believe are the strongest names in the cannabis industry, focusing on pure cannabis companies,” Green Market Report CEO Debra Borchardt told Benzinga. This is why the firm excluded companies like Scotts Miracle-Gro Co (NYSE:SMG), which derives only 11 percent of its sales from its hydroponics business.
The index includes companies operating in the pharmaceutical, grow, ancillary and real estate sub-sectors.
"Public companies are becoming the norm in the cannabis market," Green Market Report co-founder Cynthia Salarizadeh said. "The companies that the Green Market Report have curated for the index are the ones that we feel are the most dominant in the cannabis industry. Not only did we review the market capitalization, but we also took a hard look at revenues and liabilities to assemble an index of the strongest possible names to follow as an indicator for the overall market."
Benzinga also spoke with Matt Karnes, founder and managing partner at GreenWave Advisors.
“As the interest level for cannabis investing intensifies, an index that more narrowly defines the playing field is welcomed,” Karnes said. “With numerous public cannabis companies coming and going, the selection criteria for inclusion in this index should provide a more meaningful assessment of the cannabis industry's relative performance.”
Related Link: Why GW Pharma's Epidiolex Results Could Shape The Future Of Cannabis-Based Therapeutics
The Components
The 30 companies in the index are:
CANOPY GROWTH CORP (OTC:TWMJF)
AURORA CANNABIS IN (OTC:ACBFF)
MEDRELEAF CORP (OTC:MEDFF)
GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH)
APHRIA INC (OTC:APHQF)
CRONOS GROUP INC (OTC:PRMCF)
EMERALD HEALTH THE (OTC:EMHTF)
CANNTRUST HOLDINGS (OTC:CNTTF)
CANNTRUST HOLDINGS (OTC:CNTTF)
Supreme Cannabis Company Inc (CVE:FIRE)
HYDROPOTHECARY COR (OTC:HYYDF)
Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP)
ORGANIGRAM HLDGS I (OTC:OGRMF)
22nd Century Group Inc (NYSE:XXII)
Axim Biotechnologies Inc (OTC:AXIM)
Kush Bottles Inc (OTC:KSHB)
MARICANN GROUP INC (OTC:MRRCF)
Terra Tech Corp (OTC:TRTC)
ISODIOL INTERNATIO (OTC:ISOLF)
WEEDMD INC (OTC:WDDMF)
CANNAROYALTY CORP (OTC:CNNRF)
MPX BIOCEUTICAL CO (OTC:MPXEF)
CANNABIS WHEATON I (OTC:CBWTF)
INVICTUS MD STRATE (OTC:IVITF)
Worlds Online Inc. (OTC:MRMD)
GrowGeneration Corp (OTC:GRWG)
Innovative Industrial Properties Inc (NYSE:IIPR)
AeroGrow International, Inc. (OTC:AERO)
EMBLEM CORP (OTC:EMMBF)
CV Sciences Inc (OTC:CVSI)
Image Credit: Javier Hasse
Copyright © 2018 Benzinga (BZ Newswire, http://www.benzinga.com/licensing). Benzinga does not provide investmentadvice. All rights reserved. Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga Pro (http://pro.benzinga.com).
© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
LOL ... I yelled that very thing at my TV when he said it.
News? Why the big drop? People getting tired of waiting? If they are planning on uplisting I hope they do it soon. PPS will be under a dollar.
I don't even understand why the tiles are news at all. Haven't they been out for a couple of years? I don't see how announcing that they showed them at a trade show would have any effect on the PPS? Am I missing something here?
They supply the grow equipment for pot production as well as consulting services. The more demand for marijuana, the better their revenues. The analogy is that during the gold Rush, the people selling the picks and shovels got rich.
I'm in the process of DD right now. That's why I asked the inital question. But riddle me this, why on earth are they not listed with the SEC? EVERY other stock I've ever researched has been at least listed with the SEC, even if they were delinquent with their returns. I'm jsut saying it smell awfully suspiscious tha they have no listing.
I'm more skeptical that the whole thing is a scam to be honest. With no SEC filings they're free to make nay claims they want. Its looking like a P&D to me. Don't get me worn, there are plenty of ways to make money on P&Ds but I wouldn't believe for a second that diamond made 15 mil.
I'm not so sure yet. I think this has another dump left in her...
Are there any filings of this copmpany with the SEC? I can't seem to find on Edgar
Why is it Tom Petty's Freefallin song is going through my head right now....
Terrible volume so far today.
it seems to me that his twitter account is more active than the blog.
BTFL Monarch America marijuana stock speculative play
Does anyone know of a decent sub-penny stock screener?
I'm long here but if that's true then it doesn't bode well at all. Perhaps they know something we don't...
That's a great write up.
I hope we hold for the sake of uplisting.
I know that the main store is open and recently moved to a bigger space. There is a second location in Aurora listed but thats the one I was trying to get info about. I'm not sure why management has let their filings lapse for the past few years. I think all it would take is them to catch up on their filings and maybe a press realese or two discussing the status of the company and the stock out take off. The sector right now reminds me a lot of what happened in 2014 and right now there are companies in very poor shape taking off stock wise. I think all Monarch needs to do get get on the map again.
Looks like we may be set to open down today.
I think its just the beginning as far as whats to come as we approach July.
I'm ok with it trading +/- .02 for a while. If it can sustain those levels it should be due for a run with some good news. if it drops into the low .01s by chance, I'm plannign on loading hard. Its just my opinion but I'm fully confident that we are going to see a run up as we approach July. This isn't a good day trading stock but as far as compared to other stocks in its catageory/ price range its stands out.
Do you know anything about their store "the big tomato" I see the've opened a second location.
I was looking back at pps history on this one. It seems like there was potential for this to run at one point. I'm wondering what would happen if the released some info / updates on the company. I think the time is right for them to get back on track. Financials / press releases would be nice.
Moderators, I was wondering if yo would consider updating the intro. There are updates to the case against the CEO. The charges have been dropped against everyone involved. I think you are turning away potential investors by not updating this crucial information. Here are the links.
http://www.kdlt.com/2017/05/24/consultant-not-guilty-marijuana-trial/
http://www.kdlt.com/2017/11/21/tribes-marijuana-consultant-pays-fine-court-costs/
Thanks for the good info!
A lot of potential investors shy away from the idea of a R/S. Maybe the company sees a potential that the pps will organically rise over 1.00 /share in the near future allowing them to uplist to a better exchange without having to split the shares. Also, with only 90 million shares outstanding its not like they are diluted or anything. I'm thinking they did it 1) because they see how they can achieve their goals without it 2) it becomes a statement to potential shareholders that they can invest without the worry of having their shares slashed. 3) The MJ market is primed to explode this summer and there's a potential with midterm elections to turn the table and get legislation to deschedule marijuana and its derivatives.
These are just my thoughts on your question. Nobody really knows but the company.
I just wanted to put it out there that I think this board is one of the better investing related forums that I've ever seen. We have a lot of people here that provide an excellent resource for not only PHOT but trading in general. So many of these forums either on iHUB or yahoo finance are filled with pumpers or shorts with a specific agenda and make it tedious to read. I'd like to say thanks to everyone who positively contributes here no matter what their position in PHOT. I'm personally long PHOT but appreciate all the perspectives represented here. Keep up the good work and GLTA.
I've been keeping track of T-trades lately. In the last 8 trading sessions (since Jan 11th) there have been a total of 20.42 million shares sold by T-trade and 22.32 million bought by T-trade. So I'm not confident that T-trades are the source of it. You can't just point out the days of T-trade sells and call it dilution.
NOICE
zoinks ....not yet it seems
These are just my opinions...What I hope happens is that he waits until the fervor returns. I think it will amp up as we approach July. When you're in a bubble market (like marijuana was in 2014) you start to see any news having disproportional effect on the PPS. I'm hoping he's strategically waiting until the time is right. Also, there will have to be an audit process which he may or may not announce. We don't know if he's pursuing that currently or not. Bottom line you can never tell what the strategies are and timelines are at best a guess. That being said there does seem to be an effort on Marco's side to grow operations and he seems to be willing to communicate through social media. I'm excited to see what revenues are this go round. At some point I'm hoping that revenues will surpass burn rate. I'm not sure that will happen on this upcoming report because they took on a lot of debt to fund the new facility. If / when that does happen I think it will open the floodgates so to speak.
Hang tight. There will be rewards here but you may have to wait out the storm. As we approach July things will get better. If you look back to the big run in up 2014, it took months and there were long periods of ups and downs. Also, we have mid-term elections this year. I thing there is a good chance Dems will win the House and Senate. There are already bills being introduces in both to de-schedule marijuana. If that were to pass it will be huge. Do yourself a favor and don't sell for a loss. Charlie Munger said something to the effect of great profits are not in the buying and the selling, but in the waiting.
I don't foresee much of a reaction on that news. It was pretty well known that they were working on it.
I think we need to push Marco for the uplist as soon as possible. Has anyone noticed what happened to POTN after they announced the pre-uplist audit had been completed? I'm unfortunately not a holder there but am long and strong here.
Finally no T-trades for once....
That's only a procedural vote to allow the big vote later today. Once it passes the Senate it STILL has to go back to the House and be voted on and then it has to be approved by Trump. We're still a ways from having an open government.
Where did you see that? I don't see that they passed anything yet....
The struggles are real.....
But I'm going to load up when it finds bottom.