The American Cannabis Operator Index extended its post-March weakness this month, declining over 13% to 95.27:
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. It has now rebounded 34.9% from the December 24th low and is up 23.3% in 2019:
During May, the index included 27 companies, including 21 multi-state operators (MSOs) and 6 focused solely on CBD extracted from industrial hemp. Several MSOs are pursuing CBD strategies apart from their state-licensed cannabis businesses. Just 2 companies managed double-digit gains, while 17 posted double-digit losses, including three that lost more than 30% of their value:
For May, the index will include 30 names, as we added SLANG Worldwide (CSE: SLNG) (OTC: SLGWF), TerrAscend (CSE: TER) (OTC: TRSSF) TILT Holdings (CSE: TILT) (OTC: SVVTF) and Vireo Health (CSE: VREO) (OTC: VREOF). We also removed United Cannabis (OTC: CNAB) due to insufficient trading volume.
In the next monthly review, we will summarize the performance for June 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.
Get ahead of the crowd by signing up for 420 Investor, the largest & most comprehensive premium subscription service for cannabis traders and investors since 2013.