Largest Cannabis MSO Stocks Advanced 8.5%, On Average, Last Week

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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
  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
  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.


More By This Author:

Bubble In Small Cap AI Stocks Continues To Deflate; Down 15% YTD
How Germany Sparked 66% Rally In Canadian LP Stocks Last Week
Six Of Seven AI Stock Categories Increased This Week

Disclosure: None 

This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...

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