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.

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