Cannabis Central: Crash Continues With Most Pot Stocks Down Again In November

The cannabis sector continued to crash across the board in November with almost all marijuana stock, be they Canadian Licensed Producers (LPs) or American Multi-States Operators (MSOs), dropping drastically, as shown below:

Of the above Canadian pot stocks only Valens GroWorks Corp. (TSXV:VGW; OTC:VGWCW) bucked the trend going up 14% during November due in large part to the acquisition of Pommies Cider Co., a leading Ontario-based beverage company and mature micro-processing license applicant which will:

  • accelerate entry into the high-growth beverages and edibles market in Canada, 
  • expand extraction capabilities into Eastern Canada and
  • add additional white label product offerings.

The American segment of the cannabis industry fared much better in November with 7 companies showing considerable increases in their share prices, namely:

  1. TILT Holdings, Inc. (CSE:TILT; OTCQB:TLLTF) +48%
    • stock responded positively to its Q3 financial report which showed 
      • an 18% increase in revenue to US$46.1M and
      • a first-ever positive adjusted EBITDA.
  2. C21 Investments Inc. (CSE:CXXI; OTCQX:CXXIF) +36%
    • during the month the company reached agreements to maintain positive cash flow by
      • restructuring payments in connection with the purchase of Silver State Relief LLC and Silver State Cultivation LLC and
      • revising terms for the acquisition of Phantom Venture Group LLC and Phantom Brands LLC.
  3. Curaleaf Holdings Inc. (CSE:CURA; OTCQX:CURLF) +28%
    • stock responded positively to its Q3 financial report which showed 
      • a 27% increase in revenue to US$61.8M
      • a 169% increase in adjusted EBITDA and
      • a 72% reduction in net loss to US$6.8M
  4. Trulieve Cannabis Corp. (CSE: TRUL; OTCQX: TCNNF) +27%
    • stock responded positively to its Q3 financial report which showed 
      • a 22% increase in revenue to a record US$70.7M
      • a 16.8% increase in adjusted EBITDA
  5. Liberty Health Sciences Inc. (CSE:LHS; OTCQX:LHSIF) +24%
    • stock responded positively to its Q2 financial report which showed
      • a 93% increase in revenue to C$10.6M
  6. Planet 13 Holdings Inc. (CSE:PLTH; OTCQB:PLNHF) +21%
    • stock responded positively during the month with the
      • announcement that it had received final permits to begin production at its 15,000 square foot customer-facing production facility.
  7. Green Thumb Industries Inc. (CSE:GTII; OTCQX: GTBIF) +13%
    • stock responded positively to its Q3 financial report which showed
      • a 52% increase in revenue to US$68M
      • a 23% reduction in net loss to US$17.1M
      • an improvement in adjusted operating EBITDA margin to 20.7% from 11.3%.
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Comments

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Weed Investor 4 years ago Member's comment

With so many cannabis stocks, it's hard to know which ones are right to invest in.

Lorimer Wilson 4 years ago Contributor's comment

Actually, there are over 400 marijuana stocks trading on the various Canadian & American stock exchanges, Visit my site where I have posted a number of articles providing detailed financial analysis of a short list of less than 30 of the best cannabis stocks.

Weed Investor 4 years ago Member's comment

Thanks, Lorimer!