E Pure Play Multi State Operators Pot Stock Index Declined 7.6% In April

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, while down 7.6% in April, is still +38.1% YTD. Here are the details by constituent and in comparison to the 4 other cannabis and cannabis-related stock categories munKNEE.com tracks.

MSO Pure-Play Pot Stock Index Performance

10 of the 22 stocks in the Index advanced in April of which 4 went up in excess of 10%, 11 declined of which 6 did so by more than 10% and one was a new listing of less than 1 month. Below is a look at how the major advancers and decliners performed in April with their performances year-to-date in brackets, in descending order:

Major Advancers

  1. Medicine Man (SHWZ): +36.9% (+85.5%) to $2.82/share
  2. Columbia Care (CCHWF): +14.7% (+9.9%) to $6.65/share
  3. Planet 13 (PLNHF): +14.6% (+22.2%) to $6.83/share
  4. Jushi (JUSHF): +12.3% (+21.8%) to $7.14/share

Major Decliners

  1. Hempfushion Wellness (CBDHF): -53.4% (N/A) @ $1.02/share
  2. C21 Investments (CXXIF): -23.2% (-24.8%) to $1.06/share
  3. IM Cannabis (IMCNF): -17.4% (-19.2%) to $6.30/share
  4. Charlotte's Web (CWBHF): -14.7% (+21.5%) to $4.01/share
  5. Trulieve (TCNNF): -13.9% (+31.4%) to $41.59/share
  6. Vireo Health (VREOF): -11.7% (+43.2%) to $2.12/share

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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