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  • Rebalanced American Cannabis MSOs Index Up 5% Last Week

Rebalanced American Cannabis MSOs Index Up 5% Last Week

Nov 20, 2023Finance0

 The munKNEE’s American Cannabis MSOs Index was rebalanced last week with the deletion of The Cannabist Company (CBSTF), formerly Columbia Care, whose stock price has fallen to just $0.38 (well below the minimum $1/share requirement for inclusion in the Index), and the addition of Ayr Wellness (AYRWF) whose market capitalization has risen dramatically to $168M with a current stock price of $2.15.Below are the performances of the revised 7 constituents, in descending order, based on their performances last week and YTD, and any recent news about them. American Cannabis MSOs Index

  • Ayr Wellness (AYRWF): UP 27.1% last week; UP 77.0% YTD

    • Read: AYR Wellness Reports Third Quarter 2023 Results
  • Cresco Labs (CRLBF): UP 21.% last week; DOWN 2.7% YTD

  • Curaleaf Holdings (CURLF): UP 12.5% last week; DOWN 7.1% YTD 

  • Trulieve Cannabis (TCNNF): UP 4.4% last week; DOWN 22.5% YTD 

  • Verano Holdings (VRNOF): UP 0.2% last week; UP 46.2% YTD 

  • Green Thumb (GTBIF): DOWN 0.1% last week; UP 16.2% YTD 

  • TerrAscend Corp. (TSNDF): DOWN 8.1% last week; UP 41.8% YTD 

    • MSO Stock Performance SummaryIndex Average: UP 4.7% last week and now UP 7.2% YTD.If you are interested in the cannabis category, consider:

  • the AdvisorShares Pure US Cannabis ETF (MSOS) which was UP 5.5% last week but is still DOWN 1.1% YTD.

    • More By This Author:Up-Down-Up-Down: Canadian Cannabis Volatility Continued Last Week
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