E Pure-Play MSO Pot Stock Index Was Flat Last Week

TM Editors' Note: This article discusses penny stocks and/or microcaps. Such stocks are readily manipulated; do your own careful due diligence.

The American Pure-Play Multi-State Operator (MSO) Pot Stock Index was unchanged last week and, while down 7.6% so far in April, is still +28.7% YTD. Here are the details by constituent and in comparison to the 4 other cannabis and cannabis-related stock categories munKNEE.com tracks.

Given that there was marginal price movement in the index last week (cbdMD @ +13.6%, Jushi  @ +11.0%, Gage Growth @ -6.9% and Hemp Fusion @ -26.2% were the exception) below is a look at how the constituents have performed year-to-date, in descending order:

MSO Pure-Play Pot Stock Index Performance

Of the 22 stocks in the Index, YTD 13 constituents have gone up by 10% or more while 2 have declined by 10% or more, as follows, in descending order:

Major Advancers

  1. Harvest Health (HRVSF): +74.1%
  2. Acreage (ACRDF/ACRHF): +53.0%
  3. Vireo Health (VREOF): +36.5%
  4. cbdMD (YCBD): +30.5%
  5. Lowell Farms (LOWLF): +23.7%
  6. Charlotte's Web (CWBHF): +21.5%
  7. Trulieve (TCNNF): +20.4%
  8. Cresco (CRLBF): +18.6%
  9. Planet 13 (PLNHF): +18.6%
  10. Ayr Wellness (AYRWF): +17.5%
  11. Green Thumb (GTBIF): +14.6%
  12. Harborside (HBORF): +10.1%
  13. Curaleaf (CURLF): +10.0%

Major Decliners

  1. C21 Investments (CXXIF): -24.8%
  2. IM Cannabis (IMCNF): -24.6%

The remaining 7 constituents changed in price by less than 10% from the end of December 2020.

Measuring Volatility

Beta measures the volatility (the up and down movement) of a stock relative to the overall stock market and serves as a measure of the volatility of a stock compared to others in the same sector. What you see below are the 7 most stable stocks in the munKNEE Pure-Play MSO Pot Stock Sub-Index and the 5 most volatile:

The Most Stable

  1. Ayr Wellness: 1.23x (i.e. historically its stock has moved only 23% more than the overall stock market); 2) cbdMD: 1.40x; 3) Medicine Man: 1.46x; 4) TerrAscend: 1.51x;  5) Columbia: 1.81x; 6)  Curaleaf: 1.86x and 7) Trulieve: 1.96x
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