Downward Trend In American Cannabis MSOs Continued In June

 

The 7 largest American multi-state operator cannabis companies in the U.S., as tracked in our munKNEE American Cannabis MSOs Index, are ranked below as to their stock performances this week, in June, in May, and YTD.

  1. TerrAscend (TRSSF): UP 9.7% this week, UP 8.4% in June, DOWN 0.6% in May, and it's now UP 64.5% YTD 
    • current market capitalization: $618.4M
    • current price/share: $1.81
  2. Green Thumb (GTBIF): UP 0.1% this week, DOWN 0.4% in June, UP 7.7% in May, and now DOWN 9.6% YTD 
    • current market capitalization: $1,780.0M
    • current price/share: $7.62
  3. Verano (VRNOF): No Change this week, No Change in June, DOWN 1.0% in May, and now DOWN 4.2% YTD 
    • current market capitalization: $993.0M
    • current price/share: $2.95
  4. Trulieve (TCNNF): DOWN 0.3% this week, DOWN 7.7% in June, DOWN 20.6% in May, and is now DOWN x% YTD  
    • current market capitalization: $730.1M
    • current price/share: $3.94
  5. Curaleaf (CURLF): DOWN 0.6% this week, UP 8.4% in June, UP 11.7% in May, and is now DOWN 20.7% YTD. 
    • current market capitalization: $2,190.0M
    • current price/share: $3.10
  6. Cresco Labs (CRLBF): DOWN 6.8% this week, DOWN 11.8% in June, UP 9.0% in May, and is now DOWN 14.3% YTD 
    • current market capitalization: $720.0M
    • current price/share: $1.50
  7. Columbia Care (CCHWF): DOWN 8.3% this week, DOWN 4.3% in June, DOWN 6.1% in May, and is now DOWN 41.3% YTD 
    • current market capitalization: $185.6M
    • current price/share: $0.44

If you are interested in any of the above stocks click on the stock symbol for detailed information from TalkMarkets and read my past articles on MSOs (see here).

Summary

While the munKNEE American Cannabis MSOs Index was Unchanged this week, DOWN 0.9% in June, DOWN 0.9% in May, and is now DOWN 19.6% YTD the 5 constituents in the munKNEE Canadian Cannabis LPs Index were UP 0.1%, on average, this week; DOWN 5.6% in June; DOWN 22.4% in May; and DOWN 46.9% YTD. See latest article on LPs here.

If you are interested in buying a basket of American cannabis multi-sate operator stocks, consider the AdvisorShares Pure U.S. Cannabis ETF (MSOS) that consists of the above 7 highlighted stocks plus an additional 41 smaller cap such stocks. It was DOWN 0.5% this week, UP 0.2% in June, Unchanged in May, and is now DOWN 20.7% YTD.


More By This Author:

Only 20% Of AI-Related Stocks Are In Bubble Mode
Conservative "Cannabis" Stock Index Flat This Week
Canopy Growth Dragged Down The Canadian Cannabis LPs Index Again This Week

Disclosure: None

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