"Multi-Bagger" Portfolio Outperforming "Rags-To-Riches" Portfolio YTD By A 2-To-1 Margin

Cannabis, psychedelic and plant-based food stocks were extremely oversold in 2022. Perhaps some will bounce back with "multi-bagger" returns in 2023. Here's the latest on our "Multi-bagger" Portfolio.

Cannabis, psychedelic and plant-based food stocks were extremely oversold in 2022 but perhaps some of them will bounce back with major - dare I say "multi-bagger" - returns - in 2023. The munKNEE "Multi-bagger" Portfolio consists of 12 stocks with market capitalizations between $100M and $399M (average of $189M).

Here's an update on how the various categories in the Portfolio, and their constituents, have performed year-to-date.

  1. American Cannabis MSO constituents:
    • Acreage (ACRDF/ACRHF): UP 21.7% YTD;
    • Ascend (AAWH): DOWN 0.8%% YTD;
    • Ayr (AYRWF): UP 3.1% YTD;
    • Columbia Care (CCHWF): DOWN 17.3% YTD;
    • Jushi (JUSHF): UP 8.4% YTD; and
    • Planet 13 (PLNHF): UP 42.0% YTD.
      • UP 8.7% YTD
    • For comparison purposes, the AdvisorShares Pure U.S. Cannabis ETF (MSOS) is UP 2.3% YTD
  2. Canadian Cannabis LP constituents:
    • Aurora (ACB): UP 5.6% YTD; and
    • Organigram (OGI): UP 3.8% YTD .
      • +4.8% YTD
    • For comparison purposes, the Global X Cannabis ETF (POTX) is UP 2.5% YTD
  3. Psychedelic Drug Stock constituents:
    • Cybin (CYBN): UP 51.7% YTD;
    • Mind Medicine (MNMD): UP 80.3% YTD; and
    • Seelos Therapeutics (SEEL): UP 12.3% YTD.
      • UP 63.5% YTD
    • For comparison purposes, the AdvisorShares Psychedelics ETF (PSIL) is UP 16.7% YTD
  4. Plant-Based Food Stock constituent:
    • Tattooed Chef (TTCF): UP 16.1% YTD.
      • UP 16.1% YTD
    • No comparable plant-based food stock ETFs

Grand Total: UP 23.2% YTD

The munKNEE "Multi-bagger" Portfolio continues to outperform our munKNEE "Rags-to-Riches" Portfolio, which is only up 12.3% YTD.


More By This Author:

Ammo Inc. Update: Company Split-Up Cancelled; Financials Should Improve In Q4
As Of This Week, Only One Cannabis Category Is Down (Slightly) YTD
12 Largest American Cannabis MSOs Now Up 4.3% YTD

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