As Expected, Cannabis MSOs Continue To Decline

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Last week I suggested that if the performance of the 7 stocks in the munKNEE American Cannabis MSO Stocks Index (-7.1%) was any indication then the hype in cannabis MSOs was over and that is indeed the case as reflected by the further decline this week (-6.6%) although they still, on average, remain +31.2% YTD.

Below are the performances of the constituents in the Index, in descending order, and YTD, along with any recent news, commentary, and/or analysis on each company:

  1. Green Thumb Industries (GTBIF): up 5.5% this week; up 23.2% YTD
  2. Verano Holdings (VRNOF): No change this week; up 41.2% YTD
  3. Curaleaf Holdings (CURLF): down 5.4% this week; up 22.9% YTD
  4. Trulieve Cannabis (TCNNF): down 13.4% this week; up 63.8% YTD
  5. TerrAscend Corp. (TSNDF): down 22.5% this week; up 3.7% YTD
  6. Cresco Labs (CRLBF): down 24.1% this week; up 28.1% YTD
  7. Ayr Wellness (AYRWF): down 30.2% this week; up 8.9% YTD

The munKNEE American Cannabis MSO Stocks Index is down 6.6% this week but is still up 31.2% YTD. 

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Disclosure: None

This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...

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