The munKNEE Pure-Play "Seed-to-Sale" Pot Stocks Index has declined -17.3% in the last three weeks and is now down, -35.0% YTD. The Canadian LPs segment declined -17.8% (-42.7% YTD) while the American MSOs segment declined -17.2% (-32.6% YTD). Below are the specifics by constituent per sector.

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The "Seed-to-Sale" Pot Stocks Index consists of the 23 non-ancillary (i.e. pure-play) vertically integrated cannabis companies whose stocks trade for at least US$1/share, have a market cap of at least US$300M and trade on one or more of the Canadian and/or American stock exchanges. Six of the 23 index constituents that meet that criteria are Canadian Licensed Producers (LPs) and 17 are American Multi-State Operators (MSOs), and those 23 companies represent 10% of the total universe of 218 cannabis and ancillary companies currently trading.

The munKNEE Pure-Play Canadian LP Pot Stock Index 

The Canadian Licensed Producer constituent winners (there were none!) and losers so far in December (MTD), with YTD percentages in brackets, are as follows in descending order:

1. Cronos (CRON): -7.7% MTD (-37.9% YTD)
2. Organigram (OGI): -12.0% MTD (+42.9% YTD)
3. Aurora (ACB): -13.8% MTD (-29.6% YTD)
4. Canopy Growth (CGC): -18.0% MTD (-61.1% YTD; yes, -61.1%!)
5. Tilray (TLRY): -24.5% MTD (-3.4% YTD)
6. Hexo (HEXO): -29.4% MTD (-77.2% YTD; that is not a misprint!)

The munKNEE Pure-Play American MSO Pot Stock Index 

There are NO American Multi-State Operator constituent winners so far in December. The losers are as follows in descending order with YTD percentages in brackets:

1. 4Front Ventures (FFNTF): -3.7% MTD; (+13.2% YTD)
2. Gage (GAGE): -4.6% MTD; (-6.2% YTD)
3. TerrAscend (TRSSF): -4.6% MTD; (-37.5% YTD)
4. Columbia Care (CCHWF): -6.4% MTD; (-51.9% YTD)
5. Verano (VRNOF): -8.0 MTD; (-55.4% YTD)
6. Goodness Growth (GDNSF): -9.0% MTD; (-10.8% YTD)
7. Jushi (JUSHF): -13.9% MTD; (-39.8% YTD)
8. Curaleaf (CURLF): -14.2% MTD; (-28.2% YTD)
9. Valens (VLNCF): -14.7% MTD; (-7.4% YTD)
10. Green Thumb (GTBIF): -16.4% MTD; (-20.8% YTD)
11. Trulieve (TCNNF): -17.6% MTD; (-24.1% YTD)
12. Ascend Wellness (AAWH): -18.9% MTD; (-45.7% YTD)
13. Planet 13 (PLNHF): -18.9% MTD; (-45.4% YTD)
14. Charlotte's Web (CWBHF): -21.7% MTD; (-66.1% YTD)
15. Acreage (ACRDF/ACRHF): -23.4% MTD; (-46.4% YTD)
16. Cresco (CRLBF): -25.4.% MTD; (-32.5% YTD)
17. Ayr Wellness (AYRWF): -29.3% MTD; (-45.7% YTD)

So there you have it: the Canadian LPs segment is winning the race to the bottom, declining further and faster (-17.8% so far in December and -42.7% YTD) than the American MSOs segment which has only declined -17.2% MTD and -32.6% YTD.