American MSO Pot Stock Index Dropped To 52-Week Low Yesterday
As was the case with the Canadian Pure-play LP Pot Stock Index yesterday (see here) the American MSO Pot Stock Index also dropped precipitously (-7.0%) to a 52-week low. Here are the details:
American MSO Pot Stock Index consists of the 13 largest pure-play, vertically integrated multi-state operators whose stocks trade for at least US$1/share, have a market cap of at least US$200M (Goodness Growth is less but will soon be owned by, and incorporated into, Verano), and trade on one or more of the Canadian and/or American stock exchanges.
Below is how the 13 constituents performed yesterday (Monday), in the 6 weeks since the end of April (specifically, since April 29th) and YTD, in descending order:
- Jushi (JUSHF): +0.7% today; -37.2% since the end of April; -54.8% YTD
- Trulieve (TCNNF): -5.1%; -7.8% since the end of April; -48.9% YTD
- Verano (VRNOF): -5.7%; -5.1% since the end of April; -40.6% YTD
- Cresco (CRLBF): -5.7%; -24.5% since the end of April; -46.2% YTD
- Ayr Wellness (AYRWF): -7.5%; -25.0% since the end of April; -64.1% YTD
- Green Thumb (GTBIF): -7.8%; -28.2% since the end of April; -54.3% YTD
- Ascend Wellness (AAWH): -8.2%; -20.3% since the end of April; -60.6% YTD
- Columbia Care (CCHWF): -8.3%; -24.5% since the end of April; -46.2% YTD
- Curaleaf (CURLF): -8.3%; -5.9% since the end of April; -38.3% YTD
- TerrAscend (TRSSF): -8.5%; -29.3% since the end of April; -45.6% YTD
- Goodness Growth (GDNSF): -10.7%; -10.0% since the end of April; -11.7% YTD
- Chance of Financial Distress in the next 2 years: +73%
- Analyst Consensus: None following GDNSF
- Acreage (ACRDF/ACRHF): -11.0%; -25.9% since the end of April; -31.6% YTD
- Planet 13 (PLNHF): -12.7%; -26.8% since the end of April; 55.7% YTD
The American Pure-play MSO Pot Stock Index went DOWN 7.0% yesterday and is now DOWN 18.7% since the end of April and DOWN 50.1% YTD.
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