 | Tuesday, January 8, 2019 IPO Activity Strengthens the Quality of Companies Within the NICI Indices By Greg Miller
Our exclusive trio of NICI Indices, which we developed to be the most accurate measures of the cannabis industry, underwent their first quarterly reallocation on January 1, 2019. In doing so, it reflects the huge changes to and the continuing maturation of the cannabis industry.
Now we've got six months of data, and having more historical data only adds to the value of these indices for investors like you. So, expect to hear more about the NICI 50, the NICI U.S. Index, and the NICI Health and Wellness Index. For now, let's talk about the big changes the indices received on January 1.
The biggest trend to notice is how many additional, high-quality cannabis companies have moved from private status to publicly traded.
As I've been predicting, U.S. companies are starting to get in on some of the action Canadian companies were best known for in 2017 and especially 2018. It's in part because of the rapid rise in quality of the Canadian Securities Exchange (CSE) and willingness to allow U.S.-based companies to be listed there.
Regardless, these newly public companies' impact over the last six months is impossible to ignore, especially on the NICI U.S. Index. Here is what's happening...
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