March Recap: 7 Largest American Cannabis MSOs Up 19%, On Average

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Introduction

Germany passed legislation in March legalizing the sale of cannabis there which contributed to a 19% surge in American cannabis MSO stocks in March.

The munKNEE American Cannabis MSO Stocks Index

Below is how each of the 7 constituents in the above Index performed in March and how well they have performed YTD:

1. Ayr Wellness (AYRWF): UP 30.5% in March; UP 47.2% YTD
   • Despite Fast-paced Momentum, Ayr Wellness Inc. (AYRWF) Is Still a Bargain Stock
2. Trulieve Cannabis (TCNNF): UP 27.7% in March; UP 137.5% YTD
   • Trulieve Cannabis Q4 Net Loss Increased By 32%
3. Cresco Labs (CRLBF): UP 20.0% in March; UP 53.3% YTD
   • Cresco Labs Inc. Upgraded to Strong Buy: Here's What You Should Know
   • Cresco Labs Q4 Report Shows Major Improvement In Net Profit
4. Verano Holdings (VRNOF): UP 16.5% in March; UP 34.1% 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.
   • Q4 Results Of Cannabis Company Verano Holdings Were Down Across The Board
5. Green Thumb Industries (GTBIF): UP 16.0% in March; UP 28.7% YTD
   • Cannabis Company Green Thumb Has Bounced Back From A Rocky Q4
6. Curaleaf Holdings (CURLF): UP 11.9% in March; UP 28.7% 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.
7. TerrAscend Corp. (TSNDF): UP 16.5% in March; UP 34.1% YTD
   • Q4 Financials Of Cannabis MSO, TerrAscend, Were Terrible

The 7 constituents in the munKNEE American Cannabis MSO Stocks Index went UP 19.2%, on average, in March and are now UP 50.1% YTD.

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