Largest American Cannabis MSO Performances: An Update

green plant on blue plastic pot

Image Source: Unsplash


The 12 largest multi-state operators (MSOs), as tracked in the munKNEE American Cannabis MSOs Index, are ranked below in descending order as to their stock performances since the beginning of March (MTD) and year-to-date (YTD), their likelihood of Financial Distress within the next 2 years (according to data from macroaxis.com), their average 12-month Price Targets, the extent of Short Interest and Insider Ownership (from SeekingAlpha.com).

  1. Ascend (AAWH): UP 3.4% MTD; DOWN 6.9% YTD
    • 2 analysts:
      • have an average 12-month price target of $2.88
        • representing a 138% increase from the March 17th price of $1.21 and
      • have a consensus Moderate Buy rating.
      • In addition, AAWH has:
        • a 74% chance of Financial Distress within 2 years,
        • a NIL Short Interest (the number of shorted shares divided by the number of shares outstanding); and
        • only 5.5% Insider Ownership (directors and senior officers or other beneficial holders with 10% or more of the common shares).
      • Read: Ascend Wellness Q3 Report: Record Revenue, Adjusted Gross Profit, And EBITDA Margin
  2. Verano (VRNOF): No Change MTD; DOWN 3.9% YTD
  3. Green Thumb (GTBIF): DOWN 1.8% MTD; DOWN 3.3% YTD 
  4. Cresco Labs (CRLBF): DOWN 3.5% MTD; DOWN 4.6% YTD 
  5. TerrAscend (TRSSF): DOWN 4.5% MTD; UP 36.4% YTD 
  6. Planet 13 (PLNHF): DOWN 4.5% MTD; UP 17.9% YTD 
  7. Trulieve (TCNNF): DOWN 4.5% MTD; DOWN 18.8% YTD 
    • 19 analysts:
    • have an average 12-month price target of $18.33
      • representing a 198% increase from the March 17th price of $18.33 and
    • have a consensus Strong Buy rating.
    • In addition, TCNNF has:
      • a 69% chance of Financial Distress within 2 years,
      • a NIL Short Interest; and
      • 18.7% Insider Ownership.
    • Read: Trulieve Q4 Financials: Revenue Static; Net Loss Reduced By 33%
  8. Acreage Holdings (ACRDF/ACRHF): DOWN 5.5% MTD; UP 14.2% YTD
  9. Curaleaf (CURLF): DOWN 5.8% MTD; DOWN 13.0% YTD 
  10. Columbia Care (CCHWF): DOWN 6.6% MTD; DOWN 24.0% YTD 
  11. Jushi (JUSHF): DOWN 10.9% MTD; DOWN 23.0% YTD
  12. Ayr (AYRWF): DOWN 31.9% MTD; DOWN 36.4% YTD

In total, the sum total 12-month price target averages of the above 12 stocks represent a 173% increase from their average March 17th prices.


More By This Author:

Largest Canadian Cannabis LP Performances: An Update
Cannabis Category Performance Comparisons: An Update
An Update On The Performance Of The 7 Largest Psychedelic Stocks

Disclosure: None

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  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