E Cannabis Central: MSO Pot Stock Sub-Index Declined 7.4% Last Week

The 11 worst performers last week were as follows, in descending order, with price changes for the month of February in brackets. For the most part, the stocks had no specific news (unless otherwise noted) and their declines can be attributed to cooling down in sentiment among investors regarding cannabis stocks in general. 

  1. Medicine Man (SHWZ): -18.6% (-2.9%) to $2.32/share
  2. Charlotte's Web (CWBHF): -17.5% (+16.9%) to $4.70/share
  3. cbdMD (YCBD): -16.0% to $3.74/share
  4. Harvest Health (HRVSF): -14.6% (+27.1%) to $3.80/share
  5. Verano (VRNOF): -13.6% (new) to $27.65/share
    • has entered into an agreement to acquire three active dispensaries and one cultivation and production facility in Arizona
    • has entered into agreements to acquire one of Illinois’ top-producing dispensaries with the ability to open one additional dispensary in Chicago, three highly productive active dispensaries and a permit for three additional dispensaries in Pennsylvania, as well as one coveted active dispensary in Phoenix, Arizona
  6. TerrAscend (TRSSF): -11.9% (+10.5%) to $13.41/share 
  7. Green Thumb (GTBIF): -11.6% (12.1%) to $32.50/share
  8. Cresco (CRLBF): -10.8% (+19.9%) to $14.14/share 
  9. Harborside (HBORF): -9.3% (+1.6%) to $1.95/share
  10. C21 Investments (CXXIF): -8.1% (+28.5%) to $1.58/share
  11. Columbia (CCHWF): -7.0% (+6.6%) to $6.79/share

The remaining 7 constituents (Curaleaf, Jushi, Planet 13, Trulieve, IM Cannabis, Acreage, and Ayr) declined less than 6% during the week

If you are interested in how the Canadian LP (Licensed Producers) did please refer to Cannabis Central: Licensed Producer Pot Stock Sub-Index Crashed 14.5% Last Week.

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