American Cannabis MSO Stocks Index Has Rebounded In 2023
TM Editors' Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence.
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The 7 largest multi-state operator stocks as tracked in munKNEE's American Cannabis MSO Stocks Index are DOWN marginally (-0.3%), on average, so far in December but remain UP 4.8% so far in 2023 after having gone DOWN 72% in 2022 and DOWN 27% in 2021 but remain DOWN 86.6% from their all-time highs.
Below are their performances this year as of December 26th (YTD), in descending order, and over the past 3 years:
- Ayr Wellness (AYRWF): UP 64% YTD; DOWN 92% in past 3 years
- Trulieve Cannabis (TCNNF): UP 40% YTD; DOWN 84% in past 3 years
- Verano Holdings (VRNOF): UP 31% YTD; DOWN 81% in past 3 years
- Green Thumb (GTBIF): UP 27% YTD; DOWN 55% in past 3 years
- Curaleaf Holdings (CURLF): DOWN 8% YTD; DOWN 67% in past 3 years
- Cresco Labs (CRLBF): DOWN 21% YTD; DOWN 86% in past 3 years
- TerrAscend Corp. (TSNDF): DOWN 33% YTD; DOWN 84% in past 3 years
Summary
The non-tradable munKNEE American Cannabis MSOs Index is UP 4.8% YTD and DOWN 86.6% in the past 3 years while the AdvisorShares Pure US Cannabis ETF (MSOS) is DOWN 5.1% YTD and is now DOWN 80.9% since the end of 2020.
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Rebounded? I would have to disagree. These stocks are trading at less than 1x sales. They peaked at 22x sales.
Agree, though I suppose it is all relative. It's a very short article that doesn't say much. Maybe he used AI to write it. Either way, not a real article, more like a quick tweet or blurb update.
Don't worry, ATLs on tap after the new year.