TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. 

 The American Multi-State Operators (MSOs) component of the vertically integrated munKNEE Pure-Play Pot Stock Index has gone up 24% YTD but lags the +86% performance of the Canadian Licensed Producers (LPs) component YTD and the trend continued last week. The LPs outperformed the MSOs 18.3% to 5.5%. This article, detailing the MSO winners and losers last week and the reasons behind their movements, is a companion piece to a similar article posted over the weekend on the details of the LP outperformance last week.

(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.

15 of the 21 constituents in the sub-index advanced last week with the following 13 stocks advancing by 5% or more:

1. cbdMD (YCBD): +22.3% to $4.49/share
   • entered the global beauty and skincare market with the brand’s launch of its “cbdMD Botanicals” product line
2. Jushi (JUSHF): +15.7% to $7.09/share
   • opened its 11th BEYOND/HELLO™ medical marijuana dispensary in Pennsylvania and the company’s 17th BEYOND/HELLO™ retail location nationally. 
3. Verano (VRNOF): +14.5% to $19.89/share
   • no noteworthy news
4. Lowell Farms (LOWLF): +13.8% to $1.65/share
   • Indus Holdings, Inc. completed its corporate name change to Lowell Farms Inc. following its acquisition by Lowell.
5. Planet 13 (PLNHF): +13.0% to $6.62/share
   • announces a partnership with Curaleaf's Select Brand to open Select Shop-in-Shop in the Las Vegas SuperStore
6. Medicine Man (SHWZ): +11.8% to $2.46/share
   • no noteworthy news
7. C21 Investments (CXXIF): +10.6% to $1.56/share
   • no noteworthy news
8. Trulieve (TCNNF): +9.0% to $49.38/share
   •  partnered with Morehouse School of Medicine to fund and conduct medical cannabis research and education
9. Harborside (HBORF): +8.4% to $1.94/share
   • made a $5M investment in Loudpack to provide services aimed at identifying production efficiencies and improving harvest yields at its cultivation facility located in Salinas, California, and contract manufacturing services for a suite of Harborside branded products
10. Curaleaf (CURLF): +7.7% to $15.89/share
    • reported Q4 financials (see exclusive summary here)
11. Charlotte's Web (CWBHF): +7.6% to $4.93/share
    • launched THC-Free† 25mg CBD Oil Tinctures in 10 or 30-milliliter sizes
12. IM Cannabis (IMCNF): +6.8% to $8.18/share
    • filed a preliminary short form base shelf prospectus with the required securities commissions or similar securities regulatory authorities which, when made final, will enable the Company to offer up to US$250M (or its equivalent in other currencies) of common shares, warrants, subscription receipts, debt securities, units, or any combination of such Securities from time to time, during the 25-month period that the Shelf Prospectus is effective
13.  Green Thumb (GTBIF): +6.8% to $34.19/share
    • opened its first retail location in California and 53rd store in the nation

Cresco (CRLBF) and Ayr Wellness (AYRWF) advanced by less than 5%.

The remaining 6 constituents declined last week with 2 of them declining by more than 5%, namely:

1. Columbia (CCHWF): -7.3% to $6.38/share
   • no noteworthy news
2. TerrAscend (TRSSF): -5.7% to $11.56/share
   • no noteworthy news 

Acreage (ACRDF; ACRHF), HempFusion (CBDHF), Vireo Health (VREOF), and Harvest Health (HRVSF) declined by less than 5%.