The American Cannabis Operator Index paused from its torrid advance during April, declining 4.4% and giving up about half the gains from March:
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 55.2% from the December 24th low and is up 41.8% in 2019:
During April, the index included 24 companies, including 19 multi-state operators (MSOs) and 5 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 9 posted double-digit losses:
In the next monthly review, we will summarize the performance for May 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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