This week’s notable news story in the world of cannabis comes courtesy of the Nature, the 150 year-old scientific journal.

And for those with a higher tolerance to THC (tetrahydrocannabinol — the pscyhoactive component of cannabis), it could pack a punch.

In a recent report, scientists in Italy highlighted the discovery of a new compound they called 9-THCP (tetrahydrocannabiphorol).

Testing on mice showed the chemical had the effect of slowing movements, increasing the tolerance for pain. It even sent the lab-mice into a trance-like state — all symptoms one might associate with a usual THC-high.

And there was evidence the test-subjects experienced a “decreased rectal temperature” which is…interesting.

The scientists then wagered an educated guess about how the 9-THCP strain might affect the average pot aficionado by testing how well it bound together with human cannabinoid receptors.

Initial results indicate the 9-THCP compound is 33 times more active than THC. However, the exact effect on humans hasn’t yet been confirmed.

To markets, and with quarterlies season in full swing local pot stocks struggled for traction as a spate of companies lodged their 4C filings for the December quarter. That followed on from a sea of red in the week prior, when only two companies gained ground.

Of the 32 companies tracked by Stockhead there were seven winners and 20 losers, with five stocks unchanged.

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.

Ticker Name Price (I) 1 Year % Return 1 Week % Return Market Cap
DTZ DOTZ NANO LTD 0.063 -23.5% 16.1% $18.3M
SCU STEMCELL UNITED LTD 0.019 -14.3% 12.5% $11.5M
AC8 AUSCANN GROUP HOLDINGS LTD 0.3 -41.9% 8.9% $90.4M
BOT BOTANIX PHARMACEUTICALS LTD 0.093 -3.1% 4.4% $84.6M
RGI ROTO-GRO INTERNATIONAL LTD 0.12 -53.7% 4.2% $18.6M
MDC MEDLAB CLINICAL LTD 0.33 -21.7% 3.2% $73.5M
EOF ECOFIBRE LTD 2.83 183.0% 1.4% $894.5M
YPB YPB GROUP LTD 0.004 -77.8% 0.0% $5.1M
APH AUSTRALIAN PRIMARY HEMP LTD 0.155 -22.5% 0.0% $11.1M
EN1 ENGAGE:BDR LTD 0.02 -24.0% 0.0% $14.8M
BDA BOD AUSTRALIA LTD 0.27 -44.3% 0.0% $24.2M
LSH LIFESPOT HEALTH LTD 0.034 -59.0% 0.0% $2.6M
IHL IMPRESSION HEALTHCARE LTD 0.067 266.7% -2.9% $46.3M
IDT IDT AUSTRALIA LTD 0.15 -9.1% -3.2% $34.4M
WOA WIDE OPEN AGRICULTURE LTD 0.12 14.3% -4.0% $8.5M
THC THC GLOBAL GROUP LTD 0.385 -18.5% -5.1% $52.8M
RNO RHINOMED LTD 0.175 -10.3% -5.4% $29.6M
AGH ALTHEA GROUP HOLDINGS LTD 0.42 21.4% -5.6% $101.5M
ECS ECS BOTANICS HOLDINGS LTD 0.046 -54.0% -6.1% $24.4M
CP1 CANNPAL ANIMAL THERAPEUTICS 0.145 16.0% -6.5% $13.5M
CGB CANN GLOBAL LTD 0.015 -50.0% -11.7% $31.9M
SUD SUDA PHARMACEUTICALS LTD 0.054 -54.5% -6.9% $7.8M
ROO ROOTS SUSTAINABLE AGRICULTURE-CDI 0.038 -56.7% -7.1% $4.9M
EVE EVE INVESTMENTS LTD 0.005 20.0% -7.7% $16.7M
ESE ESENSE-LAB LTD-CDI 0.011 -59.3% -8.3% $2.1M
MXC MGC PHARMACEUTICALS LTD 0.032 -20.0% -8.6% $43.9M
CPH CRESO PHARMA LTD 0.155 -62.7% -8.8% $27.0M
ZLD ZELIRA THERAPEUTICS LTD 0.056 0.0% -10.0% $56.7M
MMJ MMJ GROUP HOLDINGS LTD 0.125 -48.9% -11.1% $28.0M
PAL PALLA PHARMA LTD 0.78 -26.2% -15.1% $116.5M
CAN CANN GROUP LTD 1.225 -44.3% -15.7% $170.9M
CAU CRONOS AUSTRALIA LTD 0.185 -63.0% -15.9% $23.2M
EXL ELIXINOL GLOBAL LTD 0.795 -78.0% -31.3% $86.8M

One company forced to face the 4C music was Elixinol Global (ASX:EXL), which manufactures CBD hemp oil for use in medical cannabis products.

The company reported a “disappointing” quarterly result, which saw revenues fall to $4.4m in the three months to December — a 44 per cent decline from Q3.

Elixinol said it had taken steps to significantly reduce its cash burn and simplify the business. That was followed by the announcement this week that it would sell its Hemp Foods Australia business for $500k.

The company also flagged the sale of its Nunyara landholding, after cancelling plans to apply for a medical cannabis cultivation licence. As part of that process, Elixinol said it would book an impairment charge of $4.8m in its 2019 financial statements.

ALSO READ: Elixinol Global kills medical pot, holds fire sale for Aussie hemp