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30+ Marijuana Companies Included in CSE Composite Index

May 16, 2017

 

Following the launch of the Horizons Medical Marijauna Life Sciences ETF (TSX:HMMJ) (OTC:HMLSF), there's been a lot of buzz surrounding the North American Medical Marijuana Index that the fund tracks. The North American Medical Marijuana Index is one of hundreds of indexes calculated by Solactive AG. Given our focus on marijuana stocks we noticed the CSE Composite Index, which is also calculated by Solactive.

 

The CSE Composite Index launched recently on February 27, 2015. As with any index, the component companies change over time. As the index stands currently, there's a handful of cannabis-related companies included in this index. As of March 20, 2017, 7 out of the top 10 holdings in the CSE Composite Index portfolio were marijuana stocks, so we thought it would be good to take a deeper look. 

 

Basic Criteria for Inclusion

 

In order to qualify for inclusion in the CSE Composite Index, first and foremost the company must be listed on the CSE. Beyond the listing requirement, companies must have a minimum market cap. of $5 million CAD. Newly listed companies are not eligible until after the first rebalance following its listing.

 

Companies get removed from the index if their market cap. goes below $4 million CAD at each quarterly index re-balancing. Further details regarding the methodology behind the CSE Composite Index can be found here

 

Top 10 Holdings

 

As of March 20, 2017 there were 125 companies included in the CSE Composite Index portfolio. Looking through the top 10 holdings, we see that 7 of them are cannabis-related. The 7 cannabis companies in the top 10 holdings make up a combined 26.84% of the CSE composite index, and there are handfuls more marijuana-related companies in the other 115 index components. 

 

 

The marijuana stocks that made it to the top 10 holdings for the CSE Composite Index include:

  • Supreme Pharmaceuticals Inc. (CSE:SL) (OTC:SPRWF) (FRA:53S1) - 6.98% Weighting in the CSE Composite Index

  • Alternate Health Corp. (CSE:AHG) - 5.69% Weighting in the CSE Composite Index

  • The Canadian Bioceutical Corp. (CSE:BCC) (OTC:CBICF) (FRA:5CB) - 4.07% Weighting in the CSE Composite Index

  • CannaRoyalty Corp. (CSE:CRZ) (OTC:CNNRF) (FRA:CY4) - 3.14% Weighting in the CSE Composite Index

  • Marapharm Ventures Inc. (CSE:MDM) (OTC:MRPHF) (FRA:2M0) - 2.50% Weighting in the CSE Composite Index

  • THC Biomed Intl Ltd. (CSE:THC) (OTC:THCBF) (FRA:TFHD) - 2.32% Weighting in the CSE Composite Index

  • Valens Groworks Corp. (CSE:VGW) (OTC:MYMSF) (FRA:7LV) - 2.14% Weighting in the CSE Composite Index

 

As we dig beyond the top 10 holdings, we see that many more cannabis companies are included.

 

Other Cannabis Components

 

A whopping 44.70% of the CSE Composite Index portfolio is made of of cannabis-related companies. As you see below, there are a handful more cannabis companies below the top 10 holdings of the index. By our count, 34 out of the 125 component companies are either licensed producers of cannabis, late-stage applicants to become licensed producers, or operating in the ancillary industry. 

 

  • Tetra Bio-Pharma Inc. (CSE:TBP) (OTC:GRPOF) (FRA:JAM1)- 2.00% Weighting in the CSE Composite Index

  • Beleave Inc. (CSE:BE) (OTC:BLEVF) (FRA:4B9) - 1.93% Weighting in the CSE Composite Index

  • Cannabix Technologies Inc. (CSE:BLO) (OTC:BLOZF) (FRA:8CT) - 1.59% Weighting in the CSE Composite Index

  • iAnthus Capital Holdings Inc. (CSE:IAN) (OTC:ITHUF) (FRA:2IA) - 1.24% Weighting in the CSE Composite Index

  • InMed Pharmaceuticals Inc. (CSE:IN) (OTC:IMLFF) (FRA:MWG2) - 1.21% Weighting in the CSE Composite Index

  • Namaste Technologies Inc. (CSE:N) (OTC:NXTTF) (FRA:M5BQ) - 1.05% Weighting in the CSE Composite Index

  • Nutritional High International (CSE:EAT) (OTC:SPLIF) (FRA:2NU) - 0.99% Weighting in the CSE Composite Index

  • Golden Leaf Holdings Inc. (CSE:GLH) (OCT:GLDFF) (FRA:9GL) - 0.98% Weighting in the CSE Composite Index

  • The Tinley Beverage Co Inc. (CSE:TNY) (OTC:QRSRF) (FRA:45T) - 0.92% Weighting in the CSE Composite Index

  • Lifestyle Delivery Systems Inc. (CSE:LDS) (OTC:LDSYF) (FRA:LD6) - 0.89% Weighting in the CSE Composite Index

  • Future Farm Technologies Inc. (CSE:FFT) (OTC:FFRMF) - 0.88% Weighting in the CSE Composite Index

  • Lexaria Bioscience Corp. (CSE:LXX) (OTC:LXRP) - 0.83% Weighting in the CSE Composite Index

  • Canada House Wellness Group Inc. (CSE:CHV) (OTC:SARSF) (FRA:509A) - 0.79% Weighting in the CSE Composite Index

  • Abattis Bioceuticals Corp. (CSE:ATT) (OTC:ATTBF) (FRA:115) - 0.58% Weighting in the CSE Composite Index

  • Vodis Pharmaceuticals Inc. (CSE:VP) (OTC:VDQSF) (FRA:1JV1) - 0.39% Weighting in the CSE Composite Index

  • MYM Nutraceuticals Inc. (CSE:MYM) (OTC:MYMMF) (FRA:0MY) - 0.38% Weighting in the CSE Composite Index

  • True Leaf Medicine International Limited (CSE:MJ) (OTC:TLFMF) (FRA:TLA) - 0.38% Weighting in the CSE Composite Index

  • Wildflower Marijuana Inc. (CSE:SUN) (OTC:WLDFF) (FRA:RSP) - 0.37% Weighting in the CSE Composite Index

  • Lotus Ventures Inc. (CSE:J) - 0.35% Weighting in the CSE Composite Index

  • Affinor Growers Inc. (CSE:AFI) (OTC:RSSFF) (FRA:1AF) - 0.35% Weighting in the CSE Composite Index

  • Liberty Leaf Holdings Ltd. (CSE:LIB) (OTC:LIBFF) (FRA:HN3P) - 0.33% Weighting in the CSE Composite Index

  • Veritas Pharma Inc. (CSE:VRT) (OTC:VRTHF) (FRA:2VP) - 0.32% Weighting in the CSE Composite Index

  • Organic Garage Ltd. (CSE:OG) (FRA:9CW1) - 0.28% Weighting in the CSE Composite Index

  • PUF Ventures Inc. (CSE:PUF) (OTC:PUFXF) (FRA:PU31) - 0.28% Weighting in the CSE Composite Index

  • Laguna Blends Inc. (CSE:LAG) (OTC:LAGBF) (FRA:LB6A) - 0.25% Weighting in the CSE Composite Index

  • Global Hemp Group Inc. (CSE:GHG) (OTC:GBHPF) (FRA:GHG) - 0.13% Weighting in the CSE Composite Index 

  • Alliance Growers (CSE:ACG) (FRA:1LA) - 0.11% Weighting in the CSE Composite Index

 

Conclusion

 

We hope this was a useful guide to the CSE Composite Index. As you can see, the index has a heavy weighting towards cannabis companies, making it a useful benchmark to watch. 

 

To stay posted on important cannabis updates, be sure to subscribe to one or more of our free newsletters. Also, don't forget to connect with The Daily Marijuana Observer on Facebook, Twitter, and Instagram

 

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.