Halloween Surprise Sinks Canadian & American Cannabis Stocks 7.5% - ARCHIVED

MunAiMarkets tracks the performance of the 12 largest cannabis/marijuana/pot stocks in 2 Portfolios (5 LPs and 7 MSOs) and they all declined this week ranging from -2.7% to -13.2%. They are highlighted below, in descending order, by individual portfolio for the month of October and the w/e November 1st.

To determine why a particular stock advanced or declined so much , click on the stock symbol and scroll down to the “News” section. 

The MunAiMarkets American Cannabis MSOs Portfolio

1. Ayr Wellness (AYRWF): UP 26.5% in October; DOWN 3.3% w/e November 1st
   • Market Capitalization: $247M
2. Verano (VRNOF): DOWN 2.4% in October; DOWN 6.4% w/e November 1st
   • Market Capitalization: $1,170M
3. Trulieve Cannabis (TCNNF): DOWN 3.0% in October; DOWN 7.9% w/e November 1st
   • Market Capitalization: $2,190M
4. Green Thumb (GTBIF): DOWN 3.6% in October; DOWN 6.5% w/e November 1st
   • Market Capitalization: $2,390M
5. Curaleaf (CURLF): DOWN 4.6% in October; DOWN 13.2% w/e November 1st
   •  Market Capitalization: $2,220M
6. Cresco Labs (CRLBF): DOWN 11.5% in October; DOWN 6.7% w/e November 1st
   • Market Capitalization: $653M
7. TerrAscend (TSNDF): DOWN 24.8% in October; DOWN 7.8% w/e November 1st
   • Market Capitalization: $372M

The MunAiMarkets Canadian Cannabis LPs Portfolio

1. Canopy Growth (CGC): UP 0.4% in October; DOWN 12.3% w/e November 1st
   • Market Capitalization: $431M
   • One key factor contributing to Canopy Growth’s rise was bullish market sentiment and positive momentum in the cannabis sector. Additionally, Canopy Growth announced an early prepayment of $100 million under its senior secured term loan, which helped improve its financial position and reduce annual interest expenses by approximately $14 million
2. Aurora Cannabis (ACB): DOWN 1.5% in October; DOWN 6.6% w/e November 1st
   • Market Capitalization: $297M
3. Organigram (OGI): DOWN 2.8% in October; DOWN 6.5% w/e November 1st
   • Market Capitalization: $184M
4. Cronos Group (CRON): DOWN 3.7% in October; DOWN 2.7% w/e November 1st
   • Market Capitalization: $807M
5. Tilray Brands (TLRY): DOWN 5.7% in October; DOWN 3.0% w/e November 1st
   • Market Capitalization: $1,480M

Summary

• The MunAiMarkets American Cannabis MSOs Portfolio (with an average constituent market cap of $1,321M) went DOWN 7.5% w/e November 1st and went DOWN 3.1% in October. 
• The MunAiMarkets Canadian Cannabis LPs Portfolio (with an average constituent market cap of $640M) also went DOWN 7.5% w/e November 1st and went DOWN 3.1% in October.