Friday , 24 May 2024

American Cannabis MSOs Portfolio Down 5% w/e May 10th

An original article by Lorimer Wilson, Founder and Managing Editor of munKNEE.com – a site for sore eyes and inquisitive minds and your KEY to making money – which was first posted on TalkMarkets.com under the title “American Cannabis MSOs Portfolio Down 5% On The Week‘.

Introduction

Despite 5 of the 7 constituents in the American Cannabis MSOs Portfolio releasing their Q1 financial report earlier this week the portfolio went DOWN 5.0% and is now DOWN 18.9% from its high reached on April 30th. Below is how each constituent fared this week, in descending order, since their peak prices on April 30th, and YTD along with their reported Q1  profit or loss as a percentage of quarterly revenue for comparison purposes and links to my articles on said quarterly reports:

  1. Green Thumb (GTBIF): DOWN 2.1% w/e May 10th; DOWN 16.0% since April 30th; UP 14.4% YTD
  2. Curaleaf (CURLF): DOWN 2.7% w/e May 10th; DOWN 12.4% since April 30th; UP 32.5% YTD
  3. Verano (VRNOF): DOWN 3.1% w/e May 10th; DOWN 20.9% since April 30th; UP 12.2% YTD
  4. Cresco Labs (CRLBF): DOWN 5.5% w/e May 10th; DOWN 20.8% since April 30th; UP 51.9% YTD
    • Q1 report to be released on May 15th
  5. TerrAscend (TSNDF): DOWN 6.3% w/e May 10th; DOWN 24.3% since April 30th; UP 1.2% YTD
  6. Trulieve Cannabis (TCNNF): DOWN 8.0% w/e May 10th; DOWN 19.6% since April 30th; UP 121.3% YTD
  7. Ayr Wellness (AYRWF): DOWN 13.2% w/e May 10th; DOWN 32.3% since April 30th; UP 28.3% YTD
    • Q1 report to be released on May 15th

Average: DOWN 5.0% w/e May 10th; DOWN 18.9% since April 30th; UP 37.1% YTD

 

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