As Expected, Cannabis MSOs Continue To Decline

By Lorimer Wilson
Saturday, February 17, 2024 10:01 PM EST

Image source

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. 

More By This Author:

Get Ready: AI-Enabled Personal Computer Category About To Explode
The AI Smartphone Revolution Has Begun - Here's What You Need To Know
Aurora Cannabis Q3 Financials Unimpressive: Stock Declines

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. ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with