"Multi-Bagger" Portfolio Down 13% In March; Still Up Almost 6% YTD
The munKNEE "Multi-bagger" Portfolio consists of 9 cannabis, psychedelic and plant-based food stocks with market capitalizations between $75M and $399M - an average of only $122M in comparison to the munKNEE "Rags-to-Riches" Portfolio which consists of 16 stocks in the same four categories but with market capitalizations between $400M and $3.0B - averaging $968M.
Here's an update on how the various categories in the Portfolio, and their constituents, performed in March and have performed YTD.
- American Cannabis MSO constituents:
- Ascend (AAWH): DOWN 18.8% in March; DOWN 26.9% YTD;
- Jushi (JUSHF): DOWN 18.8% in March; DOWN 29.7% YTD; and
- Planet 13 (PLNHF): DOWN 11.4% in March; UP 13.0% YTD.
- DOWN 16.4% in March; DOWN 17.6% YTD.
- Wall Street analysts have an average 12-month price target for the above stocks representing a 210% increase from its March 31st price,
- For comparison purposes, the AdvisorShares Pure U.S. Cannabis ETF (MSOS) was DOWN 13.1% in March and is now DOWN 18.6% YTD.
- Canadian Cannabis LP constituents:
- Aurora (ACB): DOWN 16.7% in March; DOWN 21.3% YTD; and
- Organigram (OGI): DOWN 19.0% in March; DOWN 17.9% YTD.
- DOWN 17.8% in March; DOWN 19.8% YTD;
- Wall Street analysts have an average 12-month price target for the above stocks representing a 119% increase from its March 31st price,
- For comparison purposes, the Global X Cannabis ETF (POTX) was DOWN 15.0% in March; DOWN 18.3% YTD;.
- Psychedelic Drug Stock constituents:
- Cybin (CYBN): DOWN 25.0% in March; UP 34.5% YTD;
- Mind Medicine (MNMD): DOWN 14.8% in March; UP 48.8% YTD; and
- Seelos Therapeutics (SEEL): DOWN 12.7% in March; UP 6.2% YTD.
- DOWN 15.5% in March; UP 36.2% YTD.
- Wall Street analysts have an average 12-month price target for the above stocks representing a 690% increase from its March 31st price,
- For comparison purposes, the AdvisorShares Psychedelics ETF (PSIL) was DOWN 11.3% in March; UP 1.1% YTD.
- Plant-Based Food Stock constituent:
- Tattooed Chef (TTCF): UP 12.7% in March; UP 14.5% YTD.
- UP 12.7% in March; UP 14.5% YTD.
- Wall Street analysts have an average 12-month price target for the above stocks representing a 53% increase from its March 31st price,
- No comparable plant-based food stock ETFs.
- Tattooed Chef (TTCF): UP 12.7% in March; UP 14.5% YTD.
The munKNEE "Multi-bagger" Portfolio was:
- UP 5.7% in March but is still DOWN 12.7% YTD;
- In comparison, our munKNEE "Rags-to-Riches" Portfolio was DOWN 8.6% in March and is DOWN 3.9% YTD;
- while the S&P 500 which was UP 5.2% in March and is UP 7.0% YTD; and
- Wall Street analysts have a 12-month price target for the above stocks representing an average 393% increase from its March 31st price.
More By This Author:
Our Aggressive ETF Portfolio Is Outperforming The S&P 500 By A 2-To-1 Margin
Conservative "Cannabis" Stocks Unchanged In March
Largest Psychedelic Stocks -3.4% In March
Disclosure: None
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