American Cannabis Operator Stocks Advance 30.8% in January

Following a decline of 18.0% in December, the American Cannabis Operator Index more than recovered the losses with a 30.8% gain in January, ending at 101.09:

The index, which launched at the end of October with a value of 100, traded as low as 70.64 in late December after having reached a closing high of 124.16 in early November and has now rebounded 43.1% from the December 24th low:

During January, the index included 18 companies, including 14 multi-state operators (MSOs) and four focused solely on CBD extracted from industrial hemp. Several MSOs have a dual strategy that also includes selling CBD across the country, including Curaleaf Holdings (CSE: CURA) (OTC: CURLF), Green Growth Brands (CSE: GGB) (OTC: GGBXF) and 1933 Industries (CSE: TGIF) (OTC: TGIFF).  Only one name managed a negative return, while six gained more than 40%:

The three best performers included Origin House (CSE: OH) (OTC: ORHOF), Planet 13 Holdings (CSE: PLTH) (OTC: PLNHF) and Charlotte’s Web (CSE: CWEB) (OTC: CWBHF), all of which rose by more than 48%, with Charlotte’s Web hitting an all-time high, while GB Sciences (OTC: GBLX) was the only stock in the index to have a negative return.

For February, the index will include 22 names, as United Cannabis (OTC: CNAB), which is focused on hemp, rejoins and multi-state operators Acreage Holdings (CSE: ACRG) (OTC: ACRGF), Cresco Labs (CSE: CL) (OTC: CRLBF), Harvest Health and Recreation (CSE: HARV) (OTC: HTHHF) and MJardin Group (CSE: MJAR) (OTC: MJARF) enter for the first time.  We also removed MPX Bioceutical (CSE: MPX) (OTC: MPXEF) after its shareholders voted to approve the sale of its U.S. assets to iAnthus Capital (CSE: IAN) (OTC: ITHUF).

In the next monthly review, we will summarize the performance for February and discuss any additions or deletions. Be sure to bookmark the page to stay current on American cannabis operators stock price movements within the day or from day-to-day.

Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

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