Largest American Cannabis Stocks Up 16.5% MTD

Image Source: Unsplash

As expected, the 7 stocks in the American Cannabis MSO Stocks Index have all rebounded from the tax-loss sell-off that occurred in the latter part of December as investors sold their losers so they could offset the gains realized in other investments; 6 of the 7 constituents advanced this week.

Below are their performances for this week, in descending order, and MTD along with their Enterprise Value-to-Earnings Before Interest Taxes Depreciation and Amortization (EV/EBITDA) and any recent news, commentary and/or analysis on each company. (The EV/EBITDA metric is a popular valuation tool that helps investors compare companies in order to make an investment decision. EV calculates a company's total value or assessed worth, while EBITDA measures a company's overall financial performance and profitability. The EV is divided by its EBITDA. Typically, when evaluating a company, an EV/EBITDA value below 10 is seen as healthy.)

1. Ayr Wellness (AYRWF): up 10.3% this week; up 36.7% MTD
   • Market Capitalization: $171M
   • EV/EBITDA: 15.1
   • Latest News, Commentary and/or Analysis: None
2. Cresco Labs (CRLBF): up 7.8% this week; up 43.0% MTD 
   • Market Capitalization: $724M
   • EV/EBITDA: 11.9
   • Latest News, Commentary and/or Analysis: None
3. Verano Holdings (VRNOF): up 5.5% this week; up 16.3% MTD 
   • Market Capitalization: $1.6B
   • EV/EBITDA: 7.2
   • Latest News, Commentary and/or Analysis:
     • Verano Broadens Retail Footprint in Northeast Florida
4. Green Thumb (GTBIF): up  5.5% this week; up 11.3% MTD
   • Market Capitalization: $2.7B
   • EV/EBITDA: 11.1
   • Latest News, Commentary and/or Analysis: None
5. TerrAscend Corp. (TSNDF): up 5.3% this week; up 22.1% MTD
   • Market Capitalization: $618M
   • EV/EBITDA: 19.6
   • Latest News, Commentary and/or Analysis: None
6. Trulieve Cannabis (TCNNF): up 2.0% this week; up 16.7% MTD
   • Market Capitalization: $618M
   • EV/EBITDA: 7.6
   • Latest News, Commentary and/or Analysis:
     • Trulieve Announces Appointment of Marie Zhang as Chief Operating Officer
7. Curaleaf Holdings (CURLF): DOWN 0.6% this week; up 11.6% MTD 
   • Market Capitalization: $3.2B
   • EV/EBITDA: 36.8
   • Latest News, Commentary and/or Analysis:
     • Curaleaf Expands Zero Proof™ Brand Portfolio

 Summary

The non-tradable munKNEE American Cannabis MSOs Index is up 4.4% this week and now up 16.5% MTD. Only 2 of the 7 constituents have an EV/EBITDA of less than 10.

 

---

More By This Author:

Quantum Computing Hardware Developers Index Down Last Week
All Largest Cyber Security Software Stocks Down 4%, On Average, Last Week
8 Largest Pure-Play Cloud Computing Stocks Down 2.6% Last Week