"Rags-To-Riches" Portfolio Down 8% Last Week
The "Rags-to-Riches" Portfolio consists of 14 cannabis, psychedelic and plant-based food stocks with market capitalizations of at least $400M, and trading for at least $1/share. It's holding above water YTD but was not able to hang onto last week's gains.
Below are how the various portfolio categories and constituents therein have performed year-to-date and performed last week.
- American Cannabis MSO constituents:
- Cresco (CRLBF): + 2.9% YTD, -4.3% last week;
- Curaleaf (CURLF): -4.1% YTD, -2.8% last week;
- Green Thumb (GTBIF): -0.7% YTD, -2.0 % last week;
- TerrAscend (TRSSF): +38.2% YTD, +2-0% last week;
- Trulieve (TCNNF): -17.1% YTD, -5.4% last week; and
- Verano (VRNOF): -2.6% YTD, -5.4% last week;
- In total: -4.3% YTD; Last week: -3.4%
- Canadian Cannabis LP constituents:
- Psychedelic Drug Stock constituents:
- Plant-Based Food Stock constituents:
Total Portfolio Performance: +6.2% YTD; Last week -7.8%
The munKNEE "Rags-to-Riches" Portfolio continues to underperform our munKNEE "Multi-bagger" Portfolio, which is still up 21.6% YTD although down 4.4% last week.
More By This Author:
Canadian Cannabis LPs: CGC's Plunge Drags Category Down
Canopy Q3: Revenue -14%, Net Loss +15%; To Cut Jobs By ~60%
Aurora Q2 Financials: Net Revenue +25%, Net Profit -30%, Adj. EBITDA Turned Positive
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