7 Largest American Cannabis Stocks Advanced 13.5%, On Average, This Week

The 7 largest American multi-state operator cannabis companies in the U.S., as tracked in our munKNEE  American Cannabis MSOs Index, are ranked below as to their stock performances this week and YTD.

  1. Curaleaf (CURLF): up 29.0% this week and is now up 2.3% YTD
    • is among those in discussions to buy Cronos Group (CRON), which is 45% owned by Altria Group (MO). Interestingly, Curaleaf is an American company that trades on the Canadian exchange (CSE:CURA), while Cronos is a Canadian company that trades on the Nasdaq.
  2. Trulieve (TCNNF): up 23.4% this week but is still down 35.7% YTD
  3. Verano (VRNOF): up 10.8% this week but is now up 2.1% YTD
  4. Green Thumb (GTBIF): up 8.9% this week but is still down 1.5% YTD
  5. Cresco Labs (CRLBF): up 8.7% this week but is still down 6.9% YTD
  6. Columbia Care (CCHWF): up 2.3% this week but is still down 40.0% YTD
  7. TerrAscend (TSNDF): down 4.4% this week but is still up 57.3% YTD
    • its common shares previously trading on the OTC Market under the ticker symbol “TRSSF” began trading on the OTC Market under the ticker symbol “TSNDF” effective July 6, 2023 to align with the Company's recent TSX listing under the ticker symbol “TSND” on the Toronto Stock Exchange.. 

If you are interested in any of the above stocks click on the stock symbol for detailed information from TalkMarkets and read my past articles on MSOs (see here).

Summary

The munKNEE American Cannabis MSOs Index was up 13.5% this week but is still down 8.8% YTD while, in comparison, the 5 constituents in the munKNEE Canadian Cannabis LPs Index were only up 4.3%, on average, this week and are now down 45.2% YTD. read Canadian Cannabis LPs Index Advanced This Week

If you are interested in buying a basket of American cannabis multi-state operator stocks, consider the AdvisorShares Pure U.S. Cannabis ETF (MSOS) that consists of the above 7 highlighted stocks plus an additional 41 smaller cap such stocks. It was up 12.8% this week but is still down 10.6% YTD.


More By This Author:

Check Out These 8 Fringe ETFs
Conservative "Cannabis" Stocks Index Was Up +3% In June
Uptrend In Plant-Based Food Stocks Index Continued In June

Disclosure: None

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments