The American Cannabis Operator Index ended a five-month winning streak in March, declining 11.4% to 93.70:
After gaining 45.7% in 2020, when it ended at 63.05, the index is up 31.7% in 2021 and has rebounded 472.8% from an all-time closing low on March 18th at 14.50:
The index, which launched at the end of October 2018 with a value of 100, reached a closing high of 124.16 a week later before declining to 70.64 in late December 2018. It then rallied as high as 119.53 in early April 2019 before selling off over the balance of the year and into March 2020:
During March, the index included 34 companies, including 31 multi-state operators (MSOs) and 3 focused solely on CBD extracted from industrial hemp. Only 3 companies posted positive returns, while 6 declined by more than 25% during the month:
The four best performing stocks in March included Cansortium (CSE: TIUM.U) (OTC: INDXF), cbdMD (NYSE American: YCBD), MariMed (OTC: MRMD) and Schwazze (OTC: SHWZ). Cansortium was down 1.3% in Q1, while cbdMD rallied 40.3%. MariMed has gained 66.0%, and Schwazze is up 53.0%
The four worst performing stocks included 4Front Ventures (CSE: FFNT) (OTC: FFNTF), CV Sciences (OTC: CVSI), Stem Holdings (CSE: STEM) (OTC: STMH) and Vireo Health (CSE: VREO) (OTC: VREOF). 4Front has gained 29.7% in 2021, while CV Sciences has declined 2.1%. Stem Holdings has rallied 50.9%, and Vireo Health is up 61.5%.
For April, the index will continue to include 34 stocks, with Body & Mind (CSE: BAMM) (OTC: BMMJ) and Vext Science (CSE: VEXT) (OTC: VEXTF) exiting due to not meeting the trading volume minimum and newly listed HempFusion (CSE: CBD.U) (OTC: CBDHF) and Verano Holdings (CSE: VRNO) (OTC: VRNOF) joining.
In the next monthly review, we will summarize the performance for April 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.
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