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Weed Week: Local pot stocks join the party as ASX posts its best month in 32 years
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The cohort of 33 pot (and pot-adjacent) stocks tracked by Stockhead followed the broader market higher in April, as the ASX200 climbed 8.8 per cent to post its best monthly gain in 32 years.
The big news in cannabis this week came in the form of a key regulatory development, as Australian health authorities opened the door for over-the-counter sales of CBD products in Aussie pharmacies.
The Therapeutic Drug Administration (TGA) is taking submissions until May 22, as it moves towards a decision on whether to classify pure CBD (with 2 per cent or less other cannabinoids) products as a pharmacist-only medicine.
Turning to this week’s price action, and again it was mostly green as 23 ASX pot stocks posted a weekly gain while only six lost ground.
That saw average falls across the sector on a yearly basis edge higher to -38 per cent, up from -42 per cent on April 15 as investors dip their toes back in the water following the 2019 bear market rout.
Below is a summary of weekly and annual price performance for ASX-listed cannabis stocks.
Scroll or swipe to reveal table. Click headings to sort.
| Code | Name | Price ($) | 1Y Tot Ret | 1W Tot Ret | Market Cap |
|---|---|---|---|---|---|
| BOT | BOTANIX PHARMACEUTICALS LTD | 0.047 | -55% | 32% | $43.8M |
| MRG | MURRAY RIVER ORGANICS GROUP | 0.012 | -75% | 22% | $24.3M |
| EVE | EVE INVESTMENTS LTD | 0.006 | 0% | 20% | $22.4M |
| IDT | IDT AUSTRALIA LTD | 0.16 | 3% | 15% | $37.1M |
| ESE | ESENSE-LAB LTD-CDI | 0.008 | -65% | 14% | $1.5M |
| AGH | ALTHEA GROUP HOLDINGS LTD | 0.405 | -25% | 13% | $88.7M |
| EOF | ECOFIBRE LTD | 2.88 | 21% | 10% | $840.9M |
| CPH | CRESO PHARMA LTD | 0.068 | -85% | 10% | $15.3M |
| PAL | PALLA PHARMA LTD | 0.68 | -46% | 9% | $85.6M |
| SCU | STEMCELL UNITED LTD | 0.013 | -24% | 8% | $8.3M |
| CAU | CRONOS AUSTRALIA LTD | 0.11 | -78% | 8% | $12.5M |
| CAN | CANN GROUP LTD | 0.9 | -62% | 7% | $131.2M |
| EXL | ELIXINOL GLOBAL LTD | 0.385 | -92% | 7% | $53.1M |
| ECS | ECS BOTANICS HOLDINGS LTD | 0.032 | -68% | 7% | $16.2M |
| RNO | RHINOMED LTD | 0.08 | -61% | 7% | $13.5M |
| MDC | MEDLAB CLINICAL LTD | 0.235 | -33% | 6% | $58.3M |
| LSH | LIFESPOT HEALTH LTD | 0.036 | -41% | 6% | $3.2M |
| AC8 | AUSCANN GROUP HOLDINGS LTD | 0.195 | -47% | 5% | $61.8M |
| CP1 | CANNPAL ANIMAL THERAPEUTICS | 0.1 | -31% | 5% | $9.3M |
| MMJ | MMJ GROUP HOLDINGS LTD | 0.13 | -43% | 4% | $29.9M |
| THC | THC GLOBAL GROUP LTD | 0.32 | -37% | 3% | $45.0M |
| SUD | SUDA PHARMACEUTICALS LTD | 0.049 | -33% | 2% | $6.8M |
| BDA | BOD AUSTRALIA LTD | 0.27 | -12% | 2% | $23.3M |
| IHL | IMPRESSION HEALTHCARE LTD | 0.05 | 136% | 0% | $37.3M |
| YPB | YPB GROUP LTD | 0.003 | -67% | 0% | $5.1M |
| ZLD | ZELIRA THERAPEUTICS LTD | 0.047 | 15% | 0% | $44.7M |
| EN1 | ENGAGE:BDR LTD | 0.012 | -73% | 0% | $10.7M |
| DTZ | DOTZ NANO LTD | 0.04 | -41% | -4% | $13.1M |
| ROO | ROOTS SUSTAINABLE AGRICU-CDI | 0.019 | -74% | -5% | $2.7M |
| WOA | WIDE OPEN AGRICULTURE LTD | 0.14 | -7% | -7% | $9.9M |
| RGI | ROTO-GRO INTERNATIONAL LTD | 0.072 | -68% | -7% | $10.4M |
| MXC | MGC PHARMACEUTICALS LTD | 0.028 | -39% | -7% | $39.0M |
| APH | AUSTRALIAN PRIMARY HEMP LTD | 0.1 | -55% | -20% | $7.0M |
Leading the pack this week was Botanix Pharmaceuticals (ASX:BOT), which got a regulatory boost itself after one of its drug candidates — cannabinoid-based antibacterial microbe BTX1801 — was given product designation status by the US Food & Drug Administration (FDA).
The treatment was classified as a Qualified Infectious Disease Product (QIDP), which gives it eligibility for fast-track approvals and priority FDA review.
Botanix said it was the first cannabinoid-based program to receive the designation, which was issued as a result of “solid pre-clinical research that demonstrates BTX 1801 has the potential to prevent post-surgical infections”.
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