As a caveat to last week's article I said the hype in cannabis MSOs would likely end soon just as we saw between late August and mid-September last year as the banking bill advanced and then erased most of those gains as the momentum waned and, previously between September and October 2022 when it jumped considerably amid hopes of legalization and that there was a distinct possibility that the current hype would likely end soon and that's what happened this week.
The 7 stocks in the munKNEE American Cannabis MSO Stocks Index were down 7.1% this week but still remain up 40.5% YTD. Below are their performances in descending order along with any recent news, commentary, and/or analysis on each company:
- Curaleaf Holdings (CURLF): down 2.0% this week; up 29.9% YTD
- recent news, commentary, and/or analysis:
- Green Thumb (GTBIF): down 4.7% this week; up 16.8% YTD
- recent news, commentary, and/or analysis:
- TerrAscend Corp. (TSNDF): down 5.2% this week; up 32.7% YTD
- recent news, commentary, and/or analysis:
- Verano Holdings (VRNOF): down 8.5% this week; up 41.0% YTD
- recent news, commentary, and/or analysis:
- Ayr Wellness (AYRWF): down 9.6% this week; up 56.1% YTD
- recent news, commentary, and/or analysis:
- Trulieve Cannabis (TCNNF): down 10.7% this week; up 89.1% YTD
- recent news, commentary, and/or analysis:
- Cresco Labs (CRLBF): down 11.3% this week; up 67.4% YTD
- recent news, commentary, and/or analysis:
Summary
The munKNEE American Cannabis MSO Stocks Index is down 7.1% this week but is still up 40.5% YTD.
More By This Author:
What Gives? The 7 Largest US Cannabis Stocks Are Up 51% YTD
A Comparison Of 9 Artificial Intelligence Category Returns In January
January Recap: These 15 Large-Cap Artificial Intelligence Stocks Averaged 17%
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