E Cannabis Central: The Pure-Play MSO Pot Stock Sub-Index Continued To Decline Last Week

The American Multi-State Operators (MSOs) component of the vertically integrated munKNEE Pure-Play Pot Stock Index has gone up 47% since the beginning of 2021 and up 24% since the beginning of February but was down 4% this past week. This article identifies the winners and losers and the reasons behind their movements.

(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.

Only 4 of the 21 constituents in the sub-index advanced last week, namely:

  1. IM Cannabis (IMCC): +13.5% to $8.74/share
    • Commenced trading on the NASDAQ Capital Market under the ticker symbol "IMCC" which is expected to increase access to investment in IMC for retail and institutional investors around the world and improve liquidity for its Common Shares and, in turn, optimize its cost of capital.
  2. Ayr Wellness (AYRWF): +4.9% to $33.47/share
    • Opened its sixth Nevada location. 
    • Acquired all of the common shares of Liberty Health Sciences Inc.
  3. Acreage (ACRDF;ACRHF): +2.6% to $10.24 on average
    • Sold its Acreage Florida, Inc. operations to Red White and Bloom Brands, Inc. for $60M.
  4. Columbia (CCHWF): +1.3% to $6.88/share
    • Provided preliminary financial results for Q4 and FY20 and also issued 2021 guidance exceeding consensus estimates.
    • Closed its previously announced bought deal private placement offering for aggregate gross proceeds of C$28,980,000.
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