The American Cannabis MSOs Index, which consists of the 12 largest vertically integrated (i.e., seed-to-sale) companies by market capitalization, is UP 37% in the 7 weeks since the end of September, UP 12% so far this month (i.e., 3 weeks) and UP 2.6% in just the last week with only one (1) company showing any negativity. Has the MSO sector finally bottomed?

This article takes a detailed look at each constituent's price appreciation over the past 3 weeks, in descending order of performance, and since the end of September.   

1. Curaleaf (CURLF): +25.0%/+32.4% 
   • Read: Curaleaf Q3 Report Reveals +80% Decrease In Net Profit
2. Jushi (JUSHF): +22.2%/+52.0% 
   • Read: Jushi Holdings Releases Mixed Preliminary Q3 Financials
3. Trulieve (TCNNF): +17.6%/+49.4% 
   • Read: Trulieve Cannabis Q3 Financials Were Down But Stock Price Jumps
4. TerrAscend (TRSSF): +16.3%/+39.1% 
   • Read: TerrAscend Q3 Financial Report Reveals Major Declines In Income And EBITDA
5. Green Thumb (GTBIF): +14.8%/+43.5%
   • Read: Green Thumb Q3 Reports Record Revenue
6. Columbia Care (CCHWF): +13.5%/+35.5% 
   • Read: Columbia Care Reports Third Quarter 2022 Results
7. Acreage (ACRDF): +13.2%/+69.9% 
   • Read: Acreage Reports Third Quarter 2022 Financial Results
8. Ascend (AAWH): +10.6%/+20.8% 
   • Read: Ascend Wellness Q3 Report: Record Revenue, Adjusted Gross Profit And EBITDA Margin
9. Cresco (CRLBF): +7.5%/+26.6% 
   • Read: Cresco Labs Q3 Financials Show No Improvement Over Q2 Results
10. Verano (VRNOF): +6.7%/+19.8% 
    • Read: Verano Q3 Financial Report Reveals Major Increase In Net Loss
11. Planet 13 (PLNHF): +3.4%/+10.8% 
    • Read: Planet 13 Financial Metrics In Q3 All Declined
12. Ayr (AYRWF): -18.7%/+24.5% 
    • Read: Ayr Wellness Q3 Financial Metrics All Show Major Improvement

As mentioned in the opening paragraph, the munKNEE American Cannabis MSOs Index is:

• UP 37.3% in the 7 weeks since the end of September,
• UP 12.4% so far this month (i.e., 3 weeks) and
• UP 2.6% in the last week 

and that compares very favorably with the Canadian Cannabis LPs Index which was:

• UP 27.3% in the 7 weeks since the end of September,
• UP 9.4% so far this month (i.e., 3 weeks) and
• DOWN 5.1% in the last week 

Despite the improving stock performances related above, the financial metrics (current and growth) are dreadful for ALL the constituents other than Green Thumb and the details are presented in an article posted last week entitled A Comparison Of Major American MSO Cannabis Stocks' Q3 Metrics which is an absolute must read for anyone who is considering investing in any of the above stocks.

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Major Canadian Cannabis LP Stocks' Financial Metrics: A Comparison
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