E American MSO Pot Stock Index Declined Slightly Last Week

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The American Pure-Play Multi-State Operator (MSO) Pot Stock Index, while down 1.7% last week, is still +36.6% YTD. Here are the details by constituent and in comparison to the 4 other cannabis and cannabis-related stock categories munKNEE.com tracks.

MSO Pure-Play Pot Stock Index Performance

10 of the 23 stocks in the Index advanced last week of which 6 went up in excess of 5%. 13 declined of which 7 did so by more than 5%. Below is a look at how the major advancers and decliners performed last week with their performances year-to-date in brackets, in descending order:

Major Advancers

  1. Harvest Health (HRVSF): +23.4% (+65.7%) to $3.58/share
    • the Pennsylvania Department of Health, Office of Medical Marijuana and AGRiMED (Harvest Health owns the membership interests of AGRiMED, a medical marijuana grower processor facility in Southwestern Pennsylvania) reached a settlement agreement concerning the operation of AGRiMED. 
  2. C21 Investments (CXXIF): +14.2% (-14.2%) to $1.21/share
    • no noteworthy news
  3. Vireo Health (VREOF): +7.1% (+53.4%) to $2.27/share
    • no noteworthy news
  4. Harborside (HBORF): +6.8% (+20.4%) to $1.89/share
    • no noteworthy news
  5. Curaleaf (CURLF): +6.4% (+25.3%) to $15.00/share
    • completed the reorganization of its Maryland business which optimizes the company's cultivation, processing and dispensary footprint in Maryland.
  6. Verano (VRNOF): +6.3% (N/A) to $19.13/share
    • announced the opening of Zen Leaf West Loop, the first Zen Leaf to open within the City of Chicago.

Major Decliners

  1. IM Cannabis (IMCNF): -21.0% (-36.2%) to $4.98/share
    • commenced a marketed offering of its common shares
  2. Medicine Man (SHWZ): -17.0% (+53.9%) to $2.34/share
    • no noteworthy news
  3. Hempfushion Wellness (CBDHF): -14.7% (N/A) to $0.87/share
    • no noteworthy news
  4. Ayr Wellness (AYRWF): -7.8% (+12.6%) to $27.00/share
    • no noteworthy news
  5. Jushi (JUSHF): -7.3% (+13.0%) to $6.62/share
    • closed the acquisition of 100% of the equity of Organic Solutions of the Desert, an operating dispensary located in Palm Springs, California, and approximately 78% of the equity of a retail license holder located in Grover Beach, California with the option to acquire the remaining equity in the future.
    • closed the acquisition of a 93,000 sq. ft. facility operated by its wholly-owned subsidiary and Virginia-based pharmaceutical processor, Dalitso LLC, together with approximately nine acres of surrounding land in Prince William County, Virginia, for approximately $22 million.
  6. cbdMD (YCBD): -6.8% (+21.7%) to $3.59/share
    • signed an exclusive sponsorship agreement to be the Official CBD Partner of the NOBULL CrossFit Games, which will be held in Madison, Wisconsin from July 27th to August 1st.
  7. Columbia Care (CCHWF): -6.2% (+3.3%) to $6.25/share
    • XS Financial Inc., a CAPEX and equipment finance company serving cannabis companies in the United States, announced that it has upsized its total commitment to Columbia Care to $20M.
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