E MSO, LP Cannabis Stocks Diverged Further Last Week

person holding white flower during sunset

Only 23 of the 225 cannabis and ancillary companies trading on the various North American stock exchanges meet the criteria* for inclusion in the munKNEE  Pure-Play "Seed-to-Sale" Pot Stocks Index. The Index consists of two sub-categories: the Canadian Pure-Play Licensed Producers (LPs) Pot Stock Index and the American Pure-Play Multi-State Operators (MSOs) Pot Stock Index. Which outperformed last week: LPs or MSOs? This article has the answers.

*The criteria for inclusion in the munKNEE pot stock indices are vertically integrated (seed-to-sale) companies that derive 100% of their revenue from the sector, have a market capitalization in excess of US$300K, and trade for at least US$1/share. Only 6 Canadian LP stocks and 17 American MSO stocks meet those criteria.

The munKNEE Canadian Pure-Play Licensed Producers Pot Stock Index

  • consists of the following constituents: Canopy (CGC), Tilray (TLRY), Cronos (CRON),  Aurora (ACB),  Hexo (HEXO) and Organigram  (OGI) and
  • was DOWN -5.4% last week and is now DOWN -15.7% MTD and DOWN -21.8% YTD.
  • All but 1 of the 6 constituent stocks in the sub-category declined in price (Organigram advanced by just 0.8%) last week with 2 doing so by 5% or more, as follows:
    1. Aurora: DOWN -10.3% and is now DOWN -17.1% MTD and DOWN -28.4% YTD
    2. Canopy: DOWN -5.4% and is now DOWN -19.1% MTD and DOWN -43.5% YTD

The munKNEE American Pure-Play Multi-State Operators Pot Stock Index

  • consists of the following constituents: Curaleaf (CURLF), Green Thumb (GTBIF), Trulieve (TRSSF), Verano (VRNOF), Cresco (CRLBF)TerrAscend (TRSSF), Columbia (CCHWF), Harvest Health (HRVSF), Ascend  Wellness (AAWH), Planet 13 (PLNHF), Ayr (AYRWF),   Jushi  (JUSHF), 4 Front (FFNTF), Charlotte's Web (CWBHF), Gage (GAGE), Goodness Growth (GDNSF) and Acreage (ACRDF/ACRHF) and
  • was UP +5.5% last week and is now DOWN just -1.0% MTD and DOWN -3.8% YTD.
  • 6 of the 17 constituent stocks in the sub-category changed in price last week by more than 5% as follows, in decending order:
    1. Harvest Health: UP +11.1% and is now UP +12.2% MTD and UP 53.2% YTD
    2. Trulieve: UP +10.3% and is now UP +6.8% MTD but still DOWN -8.4% YTD
    3. Ayr Wellness: UP +9.6% and is now UP +5.0% MTD and UP +7.2% YTD
    4. Curaleaf: UP +7.2% and is now DOWN -7.3% MTD and DOWN -6.3% YTD
    5. Green Thumb: UP +6.1% and is now DOWN -7.0% MTD and UP +14.7% YTD
    6. Cresco: UP +6.0% and is now DOWN -7.3% MTD and DOWN -6.3% YTD
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