E American MSO Pot Stock Sub-Index: Down 8.6% In March, Still Up 26.9% YTD

The American Multi-State Operators (MSOs) component of the munKNEE Pure-Play Pot Stock Index has 21 constituents and it dropped 8.6% in March but remains Up 26.9% YTD. This article identifies the MSO winners and losers in March and YTD and the reasons behind their movements.

(For more information on the reason(s) behind the changes outlined below you are urged to click on the stock symbols provided by TalkMarkets, where additional information is provided. All currency amounts are in U.S. dollars. Go here to convert to another currency.)

MSO Pure-Play Pot Stock Index Performance

The criteria for being included in the munKNEE MSO Pure-Play Pot Stock Sub-Index is that the constituents are Multi-State Operators that consistently trade for a minimum of US$1/share and generate 100% of their revenue directly from the sale of cannabis products.

19 of the 21 constituents in the sub-index declined in March (as of Friday, March 26th) with the following 13 stocks declining by 10% or more in descending order with their YTD performances in brackets:

  1. HempFusion (CBDHF): -35.2% (N/A) to $2.19/share
  2. Lowell Farms (LOWLF): -28.1% (+21.1%) to $1.38/share 
  3. Vireo Health (VREOF): -25.5% (+62.2%) to $2.40/share
  4. TerrAscend (TRSSF): -21.7% (-4.0%) to $10.50/share
  5. Acreage (ACRDF/ACRHF): -17.7% (+59.0%) to $8.25 on average
  6. Harvest Health (HRVSF): -17.4% (+45.4%) to $3.14/share
  7. Verano (VRNOF): -15.6% (N/A) to $18.50/share
  8. Columbia (CCHWF): -14.6% (-4.1%) to $5.80/share
  9. Jushi (JUSHF): -14.1% (+8.5%) to $6.86/share
  10. Cresco (CRLBF): -12.7% (+25.1%) to $12.35/share
  11. Planet 13 (PLNHF): -12.2% (+6.6%) to $5.96/share
  12. Medicine Man (SHWZ): -11.2% (+35.5%) to $2.06/share
  13. Ayr Wellness (AYRWF): -10.6% (+19.1%) to $28.55/share.

6 of the remaining 8 constituents - Curaleaf, Green Thumb, Harborside, IM Cannabis, cbdMD and C21 Investments  -  declined by less than 10%, Charlotte's Web had no change in price, and only Trulieve advanced (+4.2%).

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