Both categories (LPs and MSOs) of the munKNEE Pure-Play "Seed-to-Sale" Pot Stocks Index are in freefall going DOWN -25.6%, on average, this week with 4 of the 21 stocks falling to new 52-week lows. In total, the Index is now DOWN -34.9% YTD and DOWN -74.0% from its high in 2021.

The munKNEE "Seed-to-Sale" Pot Stocks Index 

The Index consists of:

• the 21 non-ancillary (i.e. pure-play) vertically integrated cannabis companies whose stocks trade for at least US$1/share (4Front Ventures is the only exception), have a market cap of at least US$200M, and trade on one or more of the Canadian and/or American stock exchanges. It includes
  • 5 Canadian Licensed Producers (LPs) and
  • 16 American Multi-State Operators (MSOs) which, in total,
  • represent 10% of the total universe of 217 cannabis and ancillary companies currently trading.

The non-tradable Index gives each constituent the same importance to provide a comparison of the performance of each with the others and the stated sector as a whole.

Please note that each constituent in the analyses below has 3 areas of additional information that are imperative for any individual considering investing in this sector:

1. The company name is hyperlinked to its website to provide you with a description of the company and an analysis of its stock.
2. The trading symbol is hyperlinked to additional financial data and commentary on the company (where available).
3. The percentage change YTD is hyperlinked to a chart of the company's stock performance.

The munKNEE Pure-Play Canadian LP Pot Stock Sub-Index

Below is how the Canadian Licensed Producer constituents performed this week, in descending order, with their year-to-date performances in brackets:

1. Organigram (OGI): -7.4% this week; (-21.1% YTD)
2. Cronos (CRON): -9.9%; (-18.6% YTD)
3. Aurora (ACB): -11.4%;  (-38.3% YTD) and is now -3.7% below its previous 52-week low
4. Canopy Growth (CGC): -11.7%; (-27.6% YTD) and is now -1.6% below its previous 52-week low
5. Tilray (TLRY): -13.5%; (-25.5% YTD)

The LP Sub-Index went DOWN -11.6% this week and is now DOWN -27.5% YTD and DOWN a whopping -88.2% from its high in 2021.

The munKNEE Pure-Play American MSO Pot Stock Sub-Index 

Below is how the American Multi-State Operator constituents performed this week, in descending order, with their year-to-date performances in brackets:

1. Planet 13 (PLNHF): +2.2% this week; (-5.1% YTD)
2. 4Front Ventures (FFNTF): -2.5%; (-27.1% YTD)
3. Columbia Care (CCHWF): -2.6%; (+4.2% YTD)
4. Trulieve (TCNNF): -6.4%; (-24.0% YTD)
5. TerrAscend (TRSSF): -7.2%; (-13.4% YTD)
6. Cresco (CRLBF): -7.6%; (-10.2% YTD)
7. Gage Growth (GAEGF): -8.4%; (-15.1% YTD)
8. Acreage (ACRDF/ACRHF): -8.6%; (-10.9% YTD)
9. Goodness Growth (GDNSF): -9.3%; (+14.0% YTD)
10. Ascend Wellness (AAWH): -9.4%; (-38.2% YTD)
11. Ayr Wellness (AYRWF): -10.5%; (-20.4% YTD)
12. Verano (VRNOF): -11.3%; (+13.8% YTD) and is now -2.6% from its previous 52-week low
13. Green Thumb (GTBIF): -12.5%; (-23.8% YTD) and is now -0.9% from its previous 52-week low
14. Jushi (JUSHF): -13.1%; (-25.5% YTD)
15. Valens (VLNS): -15.3%; (-27.8% YTD)
16. Curaleaf (CURLF): -15.5%; (-33.3% YTD)

The MSO Sub-Index went DOWN -28.4% this week and is now DOWN -36.5% YTD and DOWN -63.0% from its high in 2021.

In Summary

In total, our Index is now -34.9% YTD and  -74.0% from its high in 2021.