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The munKNEE "Seed-to-Sale" Pot Stocks Index went UP +5.8% this week but is still DOWN -13.1% YTD and DOWN -69.2% from its high in 2021.

The munKNEE "Seed-to-Sale" Pot Stocks Index consists of:

• the 20 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.
• The Index is made up of two categories, namely:
  • the Pure-Play Canadian LP Pot Stock Sub-Index of 5 Canadian Licensed Producers and
  • the Pure-Play American MSO Pot Stock Sub-Index of 15 American Multi-State Operators
    • which, in total, represent approximately 10% of the total universe of 217 cannabis and ancillary companies currently trading.
• The non-tradable indices 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.

You will note that each constituent in the analyses below has 6 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.
4. The Chance of Financial Distress percentage is sourced from macroaxis.com (visit the site and type in the stock symbol to obtain detailed financial data on the health of the company).
5. The Analyst Consensus is sourced from stockanalysis.com (visit the site and type in the stock symbol to obtain a detailed consensus of their recommendations and projections). 
6. The articles are sourced from Stone Fox Capital, TalkMarkets and Ted Waller to provide the latest analyses/commentaries.

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

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

1. Tilray (TLRY): +55.3%; (+21.8% YTD)
   • Chance of Financial Distress in next 2 years: +63%
   • Analyst Consensus: 25 stock analysts currently rate TLRY as a HOLD.
   • Recent Analysis/Commentary: Tilray: Keeping Competition Alive
2. Aurora (ACB): +25.6%;  (-17.6% YTD)
   • Chance of Financial Distress in next 2 years: 49%
   • Analyst Consensus: 18 stock analysts currently rate ACB as a SELL.
3. Canopy Growth (CGC): +22.1%; (-0.5% YTD)
   • Chance of Financial Distress in next 2 years: +61%
   • Analyst Consensus: 26 stock analysts currently rate CGC as a SELL.
4. Cronos (CRON): +17.7%; (+7.9% YTD)
   • Chance of Financial Distress in next 2 years: 50%
   • Analyst Consensus: 20 stock analysts currently rate CRON as a SELL.
5. Organigram (OGI): +15.8%; (+0.6% YTD)
   • Chance of Financial Distress in next 2 years: less than 1%
   • Analyst Consensus: 17 stock analysts currently rate OGI as a BUY.

The LP Sub-Index went UP +30.1% this week and is now UP +3.3% YTD but still DOWN -82.3% from its high in 2021.

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

The American Multi-State Operator Index consists of the following constituents: 4Front Ventures, Acreage Holdings, Ascend Wellness, Ayr Wellness, Columbia Care, Cresco Labs, Curaleaf Holdings, Goodness Growth, Green Thumb, Jushi Holdings, Planet 13, TerrAscend, Trulieve Cannabis, Valens Company and Verano Holdings.

Five of the 15 constituents changed prices by +/-5% this week, shown here in descending order, with their year-to-date performances in brackets:

1. Planet 13 (PLNHF): +21.3%; (-15.2% YTD)
   • Chance of Financial Distress in next 2 years: 25%
   • Analyst Consensus: 10 stock analysts currently rate PLNHF as a BUY and forecast an increase of 177.7% in the next 12 months.
2. 4Front Ventures (FFNTF): +5.6%; (-25.7% YTD)
   • Chance of Financial Distress in next 2 years: 40%
   • Analyst Consensus: None following FFNTF
3. Ayr Wellness (AYRWF): +5.1%; (-15.6% YTD)
   • Chance of Financial Distress in next 2 years: +62%
   • Analyst Consensus: 6 stock analysts currently rate AYRWF as a BUY
   • Recent Analyses/Commentaries: Ayr Wellness: Steps Away and AYR Wellness, Inc. Q4 Financials Show Little Improvement
4. Columbia Care (CCHWF): -5.1%; (+4.5% YTD)
   • Chance of Financial Distress in next 2 years: +74%
   • Analyst Consensus: None following CCHWF
   • Recent Analysis/Commentary: Columbia Care: Disappointing Deal, But Hang On!
5. Cresco Labs (CRLBF): -5.3%; (-9.7% YTD)
   • Chance of Financial Distress in next 2 years: +62%
   • Analyst Consensus: None following CRLBF

The MSO Sub-Index went UP +0.6% this past week and is still DOWN -16.8% YTD and DOWN -61.3% from its high in 2021.

In sum total, the munKNEE "Seed-to-Sale" Pot Stocks Index went UP +5.8% this week but is still DOWN -13.1% YTD and DOWN -69.2% from its high in 2021.