The "Multi-Bagger" Portfolio Continued To Outperform The S&P 500 Last Week


Cannabis, psychedelic and plant-based food stocks were extremely oversold in 2022 but many of them could possibly bounce back with major returns - dare I say "multi-bagger" returns - in 2023. As such, I have created a basket of 12 mostly microcap stocks with market capitalizations between $100M and $399M (average of $189M), aptly named the "Multi-bagger" Portfolio.

Below are how the various categories and their constituents have performed year-to-date and performed last week.

  1. American Cannabis MSO constituents:
    • Acreage (ACRDF/ACRHF): +60.8% YTD, +14.2% last week;
    • Ascend (AAWH): +6.2% YTD, +6.2% last week;
    • Ayr (AYRWF): +5.0% YTD, -1.6% last week;
    • Columbia Care (CCHWF): -2.7% YTD, No Change last week;
    • Jushi (JUSHF): -20.3% YTD, -9.2% last week; and
    • Planet 13 (PLNHF): +30.4% YTD, No Change last week.
      • +15.4% YTD; Last week: +3.7%
    • Read: 12 Largest American Cannabis MSO Stocks Up 7% Last Week
  2. Canadian Cannabis LP constituents:
  3. Psychedelic Drug Stock constituents:
    • Cybin (CYBN): + 51.7% YTD, +10.0% last week;,
    • Mind Medicine (MNMD): +58.7% YTD, +0.6% last week; and
    • Seelos Therapeutics (SEEL): +29.2% YTD, +3.7% last week.
      • +51.9% YTD; Last week: +1.9%
    • Read: 6 Largest Psychedelic Stocks Down 3% This Week 
  4. Plant-Based Food Stock constituent:
    • Tattooed Chef (TTCF): +33.1% YTD, +4.4% last week.
      • +33.1% YTD; Last week: +4.4%

Grand Total: +27.2% YTD; Last week: +2.9% 

The portfolio is outperforming the S&P 500 which was only +1.6% last week and is only +7.7% YTD. It is also outperforming our "Rags-to-Riches" Portfolio which, while +3.0% last week, is only +15.2% YTD.


More By This Author:

How The 5 Cannabis Categories Performanced Last Week
6 Largest Psychedelic Stocks Down 3% This Week
12 Largest American Cannabis MSO Stocks Up 7% This Week

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