The munKNEE American Cannabis MSOs Index tracks the 12 largest vertically integrated multi-state operators (MSOs) by market capitalization (i.e. those in excess of  $100M). Due to the lack of federal legality cannabis products grown in one state cannot be sold in another state. However, given that medical cannabis will most likely become legal federally within the decade, it is important that cannabis companies establish brands that have strong consumer acceptance and name recognition within the states that they operate in so they are well-positioned to be successful on the national stage when the roll-out begins. As such, it is important to keep track of how well the major players are doing at the state level in growing their sales and profits

Below are the performances of the constituents in the Index this week, in descending order, and YTD. Also presented are links to summary articles on their latest quarter financial results and a link to a previous article that highlights the financial health of each constituent.

1. TerrAscend (TRSSF): UP 19.2% this week; UP 35.5% YTD
   • Read: TerrAscend Q3 Financial Report Reveals Major Declines In Income And EBITDA
2. Acreage (ACRDF/ACRHF): UP 14.2% this week; UP 60.8% YTD 
   • Read: Acreage Reports Third Quarter 2022 Financial Results
3. Green Thumb (GTBIF): UP 13.9% this week; UP 1.3% YTD
   • Read: Green Thumb Reports Record Revenue And Adjusted Operating EBITDA
4. Verano (VRNOF): UP 11.2% this week; UP 2.9% YTD
   • Read: Verano Q3 Financial Report Reveals Major Increase In Net Loss
5. Ascend (AAWH): UP 6.2% this week; UP 6.2% YTD
   • Read: Ascend Wellness Q3 Report: Record Revenue, Adjusted Gross Profit, And EBITDA Margin
6. Cresco Labs (CRLBF): UP 5.6% this week; UP 7.4% YTD
   • Read: Cresco Labs Q3 Financials Show No Improvement Over Q2 Results
7. Curaleaf (CURLF): UP 2.7% this week; DOWN 1.3% YTD
   • Read: Curaleaf Q3 Report Reveals +80% Decrease In Net Profit
8. Trulieve (TCNNF): UP 2.3% this week; DOWN 12.3% YTD
   • Read: Trulieve Cannabis Q3 Financials Were Down But Stock Price Jumps
9. Planet 13 (PLNHF): No Change this week; UP 30.4% YTD
   • Read: Planet 13 Financial Metrics In Q3 All Declined
10. Columbia Care (CCHWF): No Change this week; DOWN 2.7% YTD
    • Read: Columbia Care Reports Third Quarter 2022 Results
11. Ayr (AYRWF): DOWN 1.6% this week; UP 5.0% YTD
    • Read: Ayr Wellness Q3 Financial Metrics All Show Major Improvements
12. Jushi (JUSHF): DOWN 9.2% this week; DOWN 20.3% YTD
    • Read: Jushi Holdings Releases Mixed Preliminary Q3 Financials

The munKNEE American Cannabis MSO Stocks Index was UP 7.3% this week and is now UP 2.0% YTD. In comparison, the munKNEE  Canadian Cannabis LP Stocks Index only went UP 0.1% this week and is now UP 15.9% YTD.

More By This Author:

A Comparison Of 7 Cannabis Portfolio Performances YTD And Last Week
The "Rags-To-Riches" Portfolio Update: Week Ending January 27
The "Multi-Bagger" Portfolio Update: Week Ending January 27