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 recently created a basket of 10 stocks with market capitalizations between $100M and $399M (average of $189M), aptly named the "Multi-bagger" Portfolio. Below are their closing prices last week, in alphabetical order, and YTD.

American Cannabis MSOs:

1. Acreage (ACRDF/ACRHF): Y/E 2022 Mkt. Cap.: $141M; Y/E Stock Price: $1.20; 2022 Performance: -51.9%
   • Last week: +5.6%; +40.8% YTD
2. Ascend (AAWH): Y/E 2022 Mkt. Cap.: $163M; Y/E Stock Price: $1.30; 2022 Performance: -80.2%
   • Last week: -4.4%; Unchanged YTD
3. Ayr (AYRWF): Y/E 2022 Mkt. Cap.: $124M; Y/E Stock Price: $1.21; 2022 Performance: -92.0%
   • Last week: No Change; +6.6% YTD
4. Jushi (JUSHF): Y/E 2022 Mkt. Cap.: $246M; Y/E Stock Price: $0.74; 2022 Performance: -77.2%
   • Last week: -9.7%; -12.2% YTD
5. Planet 13 (PLNHF): Y/E 2022 Mkt. Cap.: $245M; Y/E Stock Price: $0.68; 2022 Performance: -76.6%
   • Last week: -2.2%; +30.4% YTD

Sub-total: Last week: -1.0%; +13.4% YTD

Canadian Cannabis LPs: 

1. Aurora (ACB): Y/E 2022 Mkt. Cap.: $358M; Y/E Stock Price: $0.89; 2022 Performance: -83.5%
   • Last week: +5.2%; +14.6% YTD
2. Organigram (OGI): Y/E 2022 Mkt. Cap.: $292M; Y/E Stock Price: $0.78; 2022 Performance: -55.4%
   • Last week: -4.2%; +17.9% YTD

Sub-total: Last week: +0.5%; +16.2% YTD

Psychedelic Drug Stocks: 

1. Seelos Therapeutics (SEEL): Y/E 2022 Mkt. Cap.: $100M; Y/E Stock Price: $0.65; 2022 Performance: -60.5%
   • Last week: -12.9%; +24.6% YTD
2. Cybin (CYBN): Y/E 2022 Mkt. Cap.: $100M; Y/E Stock Price: $0.29; 2022 Performance: -75.8%
   •  Last week: -2.4%; +37.9% YTD

Sub-total: Last week: -9.7%; +28.7% YTD

Plant-Based Food Stock 

1. Tattooed Chef (TTCF): Y/E 2022 Mkt. Cap.: $121M; Y/E Stock Price: $1.24; 2022 Performance: -92.0%
   • Last week: +20.6%; +27.4% YTD

Grand Total: Last week: +0.9%; +1.7% YTD

As you undoubtedly know, the term "multi-bagger" refers to a double, triple, 4-fold, 500%, or more, return in a stock and is used for this portfolio because its constituents would have to advance 6-fold (i.e. 600%), on average, just to get back to where they stood at the beginning of 2022.

More By This Author:

Summary Of Cannabis Category Performances, Week Ending Friday Jan. 27
Largest Psychedelic Stocks Now +16.1% YTD
Largest Cannabis LPs: Up 5% This Week, 16% YTD