American MSO Pot Stock Index Drops To A New Low

The American MSO Pot Stock Index continued to drop precipitously (-12.5%)  this week to a 52-week low. Here are the details:

Our 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 this week ending June 17th and YTD, in descending order:

  1. Jushi (JUSHF): +4.8% w/e June 17th; -52.9% YTD
    • Chance of Financial Distress in the next 2 years: +70%
    • Analyst Consensus: None following JUSHI
    • Latest Analyses/Commentaries: Go here
  2. Trulieve (TCNNF): -4.2%; -48.4% YTD
    • Chance of Financial Distress in the next 2 years: +66%
    • Analyst Consensus: 24 stock analysts currently rate TCNNF as a BUY
    • Recent Analysis/Commentary: Go here
  3. Verano (VRNOF): -10.4%; -43.6% YTD
    • Chance of Financial Distress in the next 2 years: +63%
    • Analyst Consensus: None following VRNOF
    • Recent Analysis/Commentary: Go here
      • Recent Analysis/Commentary: Go here
  4. Acreage (ACRDF/ACRHF): -10.5%; -31.2% YTD
    • Chance of Financial Distress in the next 2 years: +77%
    • Analyst Consensus: None following Acreage
    • Recent Analysis/Commentary: Go here
  5. Curaleaf (CURLF): -13.9%; -42.1% YTD
    • Chance of Financial Distress in the next 2 years: +56%
    • Analyst Consensus: 22 stock analysts currently rate CURLF as a BUY
    • Recent Analysis/Commentary: Go here
  6. Planet 13 (PLNHF): -14.0%; -56.4% YTD
    • Chance of Financial Distress in the next 2 years:  32%
    • Analyst Consensus: 10 stock analysts currently rate PLNHF as a BUY
    • Recent Analysis/Commentary: Go here
  7. Goodness Growth (GDNSF): -14.2%; -15.2% YTD
    • Chance of Financial Distress in the next 2 years: +73%
    • Analyst Consensus: None following GDNSF
  8. Ayr Wellness (AYRWF): -14.8%; -66.9% YTD
    • Chance of Financial Distress in the next 2 years: *77%
    • Analyst Consensus: none following AYRWF
    • Recent Analysis/Commentary: Go here
  9. Columbia Care (CCHWF): -14.9%; -50.0% YTD
    • Chance of Financial Distress in the next 2 years: +70%
    • Analyst Consensus: None following CCHWF
    • Recent Article Analyses/Commentaries: Go here
  10. Cresco (CRLBF): -15.1%; -55.5% YTD
    • Chance of Financial Distress in the next 2 years: +74%
    • Analyst Consensus: None following CRLBF
  11. Green Thumb (GTBIF): -17.5%; -59.1% YTD
    • Chance of Financial Distress in the next 2 years: less than 12%
    • Analyst Consensus: 23 stock analysts currently rate GTBIF as a BUY
    • Recent Analysis/Commentary: Go here
  12. Ascend Wellness (AAWH): -19.21%; -65.3% YTD
    • Chance of Financial Distress in the next 2 years: +77%
    • Analyst Consensus: 5 stock analysts currently rate AAWH as a BUY
    • Recent Article Analyses/Commentaries: Go here
  13. TerrAscend (TRSSF): -25.3%; -55.6% YTD
    • Chance of Financial Distress in the next 2 years: +66%
    • Analyst Consensus: None following TRSSF
    • Recent Analyses/Commentaries: Go here

The American Pure-play MSO Pot Stock Index went DOWN 12.5% this week and is now DOWN 53.0% YTD.

When combined with the 5 constituents in the Canadian Pure-play LP Pot Stock Index (-56.7% YTD) the 18 largest "seed-to-sale" cannabis stocks are DOWN 53.7% YTD.

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

Leave a comment to automatically be entered into our contest to win a free Echo Show.