A Comparison Of Major American MSO Cannabis Stocks' Q3 Metrics

Over the past 2 weeks the 12 constituents in the munKNEE American Cannabis MSO Stocks Index have announced their third quarter (Q3) financial results and their results are compared below, as well as the extent to which each company might encounter financial distress in the next 2 years compared to its peers as sourced from macroaxis.com. It is clearly evident that Green Thumb Holdings Inc. is head and shoulders above its peers in the category.

  1. Green Thumb (GTBIF):
    • Revenue Growth (UP/DOWN): UP
    • Gross Profit (UP/DOWN): UP
    • Net Operating Cash Flow (Positive/Negative): Yes (Source)
    • EBITDA (Positive/Negative): Positive
    • EBITDA Growth (Yes/No): Yes (Source)
    • EBITDA Margin (%): 38.0%
    • Net Profit/Loss (Positive/Negative): Positive
    • Net Profit/Loss Growth (Yes/No): Yes
    • Chance of Financial Distress (%): 14% (Source)
    • Read: Green Thumb Q3 Reports Record Revenue

The remaining 11 constituents:

  • ALL showed a positive Adjusted EBITDA
    • but NONE showed any improvement in the quarter and
  • ALL showed a negative Net Profit
    • and NONE showed any improvement in the quarter.

The differences in their Q3 performances were in:

  • Revenue growth,
  • Gross Profit growth and in their
  • Adj. EBITDA Margins

as depicted below in descending order based on the latter, as follows:

  1. Ayr (AYRWF): 
  2. Trulieve (TCNNF): 
  3. Cresco (CRLBF): 
  4. Verano (VRNOF): 
  5. TerrAscend (TRSSF): 
  6. Acreage (ACRDF): 
  7. Ascend (AAWH): 
  8. Planet 13 (PLNHF): 
  9. Columbia Care (CCHWF): 
  10. Jushi (JUSHF): 
  11. Curaleaf (CURLF): 


More By This Author:

TerrAscend Q3 Financial Report Reveals Major Declines In Income And EBITDA
Verano Q3 Financial Report Reveals Major Increase In Net Loss
Trulieve Cannabis Q3 Financials Were Down But Stock Price Jumps

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