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Introduction

Germany passed legislation last Friday legalizing the sale of cannabis, which sparked a 66% surge in Canadian cannabis LP stocks last week (see here) and to a lesser extent in American cannabis MSO stocks with the 7 constituents in the munKNEE American Cannabis MSO Stocks Index advancing between 5.4% and 14.3% (an average of 8.5%) last week (details below).

The munKNEE American Cannabis MSO Stocks Index

Below is how each of the 7 constituents performed last week and how well they have performed YTD along with :

1. Cresco Labs (CRLBF): up 14.3% last week; up 60.0% YTD
   • Cresco Labs Q4 Report Shows Major Improvement In Net Profit
   • Cresco Labs Inc. (CRLBF) Is Attractively Priced Despite Fast-paced Momentum
2. Verano Holdings (VRNOF): up 10.0% last week; up 32.1% YTD
   • In a move to differentiate itself from its peers Verano has introduced the industry's first membership club (fee-based), called the Cabbage Club^™, which provides members with exclusive benefits (see here) including monthly store credits, coupons, merchandise, early access to product drops, line-skipping privileges, special event access, concierge service and more.
3. Trulieve Cannabis (TCNNF): up 8.6% last week; up 127.0% YTD
4. Green Thumb Industries (GTBIF): up 8.0% last week; up 23.3% YTD
5. Curaleaf Holdings (CURLF): up 7.3% last week; up 28.2% YTD
   • Curaleaf Holdings, through its Curaleaf International's subsidiary network, has operations in the U.K. (a clinic, a dispensary and a laboratory), a cultivation facility in Portugal, a research and development site in Spain, a wholesaler and distributor in Germany, a wholesaler in Poland,  a supply agreement with Astrasana Pharma s.r.o. to expand into the Czech Republic, and plans to acquire a Canadian cultivator with EU-GMP certification and supplier of high THC, non-irradiated flower to the German market and which, in addition, will facilitate its entry into Australia and New Zealand.
   • German Federal Cannabis Law Passes
   • Curaleaf to Acquire Northern Green Canada to Bolster European Flower Supply
   • Curaleaf International Expands into Czech Republic with Astrasana Pharma Partnership
   • Curaleaf International Acquires Can4Med, Expanding Presence in Poland's Growing Medical Cannabis Market
6. TerrAscend Corp. (TSNDF): up 7.0% last week; up 12.3% YTD
7. Ayr Wellness (AYRWF): up 5.4% last week; up 18.9% YTD

Summary

The 7 constituents in the munKNEE American Cannabis MSO Stocks Index went up 8.5%, on average, last week.

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