OTC Markets Group Launches Cannabis Index

OTC Markets Group Launches Cannabis Index

Two ASX-listed companies have been included in the new index, along with stocks listed in Canada and the US.

New York City-based OTC Markets Group (OTCQX:OTCM) has launched a new index tracking marijuana stocks on its OTCQX Best Market.

Called the OTCQX Cannabis Index, it officially made its debut on Tuesday (June 4) with an initial list of 30 marijuana stocks.

“The exponential growth in publicly traded cannabis securities underscores the willingness of these companies to provide efficient trading and enhanced disclosure for investors,” Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group, said in a press release.

In order to qualify for the marijuana index, companies need to trade on the OTCQX, identify as a cannabis operation and meet “a minimum liquidity screen.”

According to the exchange, there were a total of 56 cannabis-related securities trading on the OTCQX at the end of last month.

“The OTCQX Cannabis Index provides another tool for the investing public to better identify, measure and track the performance of this global industry as it progresses over time,” Paltrowitz said.

Here is a list of the companies that made the initial holdings for the index:

  • AusCann Group Holdings (ASX:AC8,OTCQX:ACNNF)
  • Aleafia Health (TSX:ALEF,OTCQX:ALEAF)
  • Beleave (CSE:BE,OTCQX:BLEVF)
  • Auxly Cannabis Group (TSXV:XLY,OTCQX:CBWTF)
  • Cannex Capital Holdings (CSE:CNNX,OTCQX:CNXXF)
  • Cresco Labs (CSE:CL,OTCQX:CRLBF)
  • Curaleaf Holdings (CSE:CURA,OTCQX:CURLF)
  • Charlotte’s Web Holdings (TSX:CWEB,OTCQX:CWBHF)
  • Elixinol Global (EXL) (ASX:EXL,OTCQX:ELLXF)
  • Emerald Health Therapeutics (TSXV:EMH,OTCQX:EMHTF)
  • Harvest One Cannabis (TSXV:HVT,OTCQX:HRVOF)
  • Harvest Health & Recreation (CSE:HARV,OTCQX:HRVSF)
  • InMed Pharmaceuticals (TSX:IN,OTCQX:IMLFF)
  • iAnthus Capital Holdings (CSE:IAN,OTCQX:ITHUF)
  • Indiva (TSXV:NDVA,OTCQX:NDVAF)
  • Invictus MD Strategis (TSXV:GENE,OTCQX:IVITF)
  • James E Wagner Cultivation (TSXV:JWCA,OTCQX:JWCAF)
  • Lifestyle Delivery Systems (CSE:LDS,OTCQX:LDSYF)
  • Liberty Health Sciences (CSE:LHS,OTCQX:LHSIF)
  • MedMen Enterprises (CSE:MMEN,OTCQX:MMNFF)
  • 1933 Industries (CSE:TGIF,OTCQX:TGIFF)
  • OrganiGram Holdings (TSXV:OGI,NASDAQ:OGI)
  • CannaRoyalty, operating as Origin House (CSE:OH,OTCQX:ORHOF)
  • The Supreme Cannabis Company (TSX:FIRE,OTCQX:SPRWF)
  • The Green Organic Dutchman Holdings (TSX:TGOD,OTCQX:TGODF)
  • THC BioMed International (CSE:THC,OTCQX:THCBF)
  • True Leaf Brands (CSE:MJ,OTCQX:TRLFF)
  • Terra Tech (OTCQX:TRTC)
  • Vivo Cannabis (TSXV:VIVO,OTCQX:VVCIF)
  • WeedMD (TSXV:WMD,OTCQX:WDDMF)

According to the release, these companies represent 25.28 percent of the year-to-date volume for OTCQX securities.

OrganiGram announced as part of its NASDAQ listing confirmation that its OTCQX listing stopped trading at the market closure on May 20. Meanwhile, Origin House is set to be acquired by the multi-state operator (MSO) Cresco Labs.

Beyond some of the known MSOs available in the market, this index signals the emergence of Australia-based marijuana firms with the inclusion of AusCann and EXL.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Cannex Capital Holdings, Harvest One Cannabis, James E Wagner Cultivation and 1933 Industries are clients of the Investing News Network. This article is not paid-for content.

ASX Rare Earths Stocks

Rare earths are a group of commodities that Australia has done well to corner the market on, not because of a monopoly on resources (indeed Australia only accounts for 3 percent of global reserves), but because it was ahead of the curve when it comes to investment.

The story of rare earths in Australia — the modern success story at least — has its roots in a 2010 trade dispute between Japan and China, when China throttled exports of rare earths to Japan as retribution for a fisheries clash.

Long story short, Japan found itself looking to diversify its rare earths import partners. Up until then it had been beholden to the whims of its larger neighbour, which at the time accounted for over 93 percent of rare earths output.

Keep reading... Show less

Australia’s 5 Most Valuable Mineral Exports

Australia’s economy is largely based on its natural resources, with the minerals sector making the greatest contribution to the nation’s exports.

Four of Australia’s states and territories rank in the top 20 mining jurisdictions in the world, according to the Fraser Institute’s latest annual survey of mining companies: Western Australia (fourth), Southern Australia (seventh), Queensland (16th) and the Northern Territory (19th).

These mining jurisdictions demonstrate a high level of investment attractiveness mainly due to their mineral-rich geology, solid infrastructure, stellar economic environment and government support for the resources industry at both the federal and state level.

Keep reading... Show less

Australian Cannabis Producers Could Play a Major Role Internationally

Australia's domestic medical cannabis market continues to gradually open, but is it big enough to sustain the country's plethora of producers?

As the industry gets more crowded, cannabis companies are looking at business options both at home and internationally as a way to increase their reach.

With ongoing questions surrounding the legalisation of cannabis for recreational purposes, Australia's advantageous placement may allow these firms to benefit from plays further afield.

Keep reading... Show less

Bitcoin Investing in Australia

Bitcoin is experiencing hype as its price continues to ride high, and Aussie investors are looking closer at ways to invest in cryptocurrencies.

Debuting in 2010 at a cost of just a cent, bitcoin has since taken off, reaching a record-breaking value of more than US$63,000 this past April, equivalent to over AU$81,000.

The market is gaining steam, and research from Finder shows that one in four Australians are currently investing in cryptocurrencies, with 13 percent putting money in bitcoin. Almost half of the cryptocurrency investors surveyed by Finder said they purchased digital coins due to their skyrocketing value.

Keep reading... Show less

Where They Rank: Australian Mining Jurisdictions

Australia is well known as a prolific mining nation, with large sections of its economy built on mining since the mid-1800s onwards.

Minerals account for up to 60 percent of Australia’s export merchandise, according to Geosciences Australia, giving the mining industry a 12 percent share of gross domestic product.

But not all states in Australia are equal, with the premier jurisdiction and source of wealth being Western Australia, which takes up the western third of the arid continent.

Keep reading... Show less

When Will Australia Legalise Recreational Cannabis?

Recreational cannabis remains illegal in all Australia’s states and territories with the exception of the Australian Capital Territory (ACT). But could that change in the future?

So far there are no clear indicators as to when or if Australia could legalise recreational cannabis, but attitudes seem to be changing. Public support is growing, and there’s even some political acceptance.

Read on to learn more about when Australia may legalise recreational cannabis.

Keep reading... Show less

A State-by-State Guide to Cannabis in Australia

Australia made waves when it federally legalised medicinal cannabis in 2016, and its marijuana market has experienced significant growth since then.

A study from FreshLeaf Analytics pegs Australian medical market sales at AU$95 million in 2020, while research firm Prohibition Partners indicates that Oceania's cannabis industry is expected to be worth US$1.55 billion by 2024; medicinal cannabis is expected to account for 40 percent of the industry.

Despite that growth, the country's cannabis industry is still young. Recreational use is not yet in sight, and even medical access remains limited and highly regulated.

Keep reading... Show less

Australian Cannabis: Forecasts, Analysis and Expert Advice

Are you ready to start investing in Australia’s growing cannabis market?

Dive right in with our FREE Special Report, Australian Cannabis: Forecasts, Analysis and Expert Advice

Keep reading... Show less

Cannabis in the ACT: The Market a Year Post-Legalisation

It’s been just over a year since recreational cannabis was legalised in the Australian Capital Territory (ACT), home to the nation’s capital city of Canberra.

Announced on September 25, 2019, and brought into effect on January 31, 2020, the rules make it legal to possess and personally use small amounts of cannabis.

Keep reading... Show less

What Investors Should Know About Australia’s New CBD Rules

A big change is in store for the Australian cannabis market thanks to a new rule recently approved by the country’s health regulatory agency.

In December, the Therapeutic Goods Administration (TGA) confirmed it would begin allowing the sale of low-dose cannabidiol (CBD) products over the counter by a pharmacist.

Keep reading... Show less

Top News

Related News