Last week I suggested that if the performance of the 7 stocks in the munKNEE American Cannabis MSO Stocks Index (-7.1%) was any indication then the hype in cannabis MSOs was over and that is indeed the case as reflected by the further decline this week (-6.6%) although they still, on average, remain +31.2% YTD.
Below are the performances of the constituents in the Index, in descending order, and YTD, along with any recent news, commentary, and/or analysis on each company:
- Green Thumb Industries (GTBIF): up 5.5% this week; up 23.2% YTD
- recent news, commentary, and/or analysis:
- Verano Holdings (VRNOF): No change this week; up 41.2% YTD
- recent news, commentary, and/or analysis:
- Curaleaf Holdings (CURLF): down 5.4% this week; up 22.9% YTD
- recent news, commentary, and/or analysis:
- Trulieve Cannabis (TCNNF): down 13.4% this week; up 63.8% YTD
- recent news, commentary, and/or analysis:
- TerrAscend Corp. (TSNDF): down 22.5% this week; up 3.7% YTD
- recent news, commentary, and/or analysis:
- Cresco Labs (CRLBF): down 24.1% this week; up 28.1% YTD
- recent news, commentary, and/or analysis:
- Ayr Wellness (AYRWF): down 30.2% this week; up 8.9% YTD
- recent news, commentary, and/or analysis:
The munKNEE American Cannabis MSO Stocks Index is down 6.6% this week but is still up 31.2% YTD.
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