July Summary: Largest Cannabis MSOs Declined 4%; Now -23% YTD
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The 7 largest multi-state operator cannabis companies in the U.S., as tracked in our munKNEE American Cannabis MSOs Index, are ranked below, in descending order, as to their stock performances so far in July and YTD.
- Curaleaf (CURLF): up 11.6% so far in July; down 11.5% YTD
- Latest Market Capitalization: $2.35B
- Latest Stock Price: $3.46
- Cresco Labs (CRLBF): up 4.7% so far in July; down 10.3% YTD
- Latest Market Capitalization: $702M
- Latest Stock Price: $1.57
- Trulieve (TCNNF): up 1.8% so far in July; down 47.0% YTD
- Latest Market Capitalization: $734M
- Latest Stock Price: $4.01
- Columbia Care (CCHWF): down 4.5% so far in July; down 44.0% YTD
- Latest Market Capitalization: $176M
- Latest Stock Price: $0.42
- Verano (VRNOF): down 5.8% so far in July; down 9.7% YTD
- Latest Market Capitalization: $890M
- Latest Stock Price: $2.78
- Green Thumb (GTBIF): down 9.6% so far in July; down 18.3% YTD
- Latest Market Capitalization: $1.70B
- Latest Stock Price: $6.89
- Forward Earnings per Share (EPS): $0.22
- Forward Price Earnings per Share: 30.6
- TerrAscend (TSNDF): down 22.1% so far in July; up 27.3% YTD
- Latest Market Capitalization: $589M
- Latest Stock Price: $1.40
For more on any of the above stocks, click on the stock symbol for TalkMarkets data; read our past articles on MSOs (see here).
Summary
The munKNEE American Cannabis MSOs Index was down 3.9% MTD and is now down 22.8% YTD. In comparison, the 5 constituents in the munKNEE Canadian Cannabis LPs Index are up 9.1% so far in July but are still down 42.7% YTD.
If you are interested in buying a basket of American cannabis multi-state operator stocks, consider the AdvisorShares Pure U.S. Cannabis ETF (MSOS) which consists of the above 7 highlighted stocks plus an additional 41 smaller cap such stocks. It is down 2.9% so far this month and is now down 23.0% YTD.
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Disclosure: None
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