Cannabis Market Turbulence: Why Analyst Says Tier-2 MSOs Were October's Bright Spot
Portfolio Pulse from Patricio Liddle
The cannabis market experienced significant volatility in October, with multi-state operators (MSOs) seeing an average share performance drop of 27%. However, Tier-2 MSOs, including TerrAscend Corp (OTC:TRSSF), Glass House Brands Inc (OTCQX:GLASF), and Ayr Wellness (OTC:AYRWF), outperformed the market with a 4% YTD increase. Analyst Scott Fortune attributes the market turbulence to global and domestic challenges and emphasizes the need for federal reform. He views the current low valuations as a favorable buying opportunity.
November 01, 2023 | 9:10 pm
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Ayr Wellness outperformed the market with a 4% YTD increase despite the overall cannabis market turbulence.
Ayr Wellness was highlighted as one of the Tier-2 MSOs that managed to outperform the market despite the overall downturn in the cannabis sector. This indicates strong performance and resilience, which could make it attractive to investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Glass House Brands Inc outperformed the market with a 4% YTD increase despite the overall cannabis market turbulence.
Glass House Brands Inc was highlighted as one of the Tier-2 MSOs that managed to outperform the market despite the overall downturn in the cannabis sector. This indicates strong performance and resilience, which could make it attractive to investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TerrAscend Corp outperformed the market with a 4% YTD increase despite the overall cannabis market turbulence.
TerrAscend Corp was highlighted as one of the Tier-2 MSOs that managed to outperform the market despite the overall downturn in the cannabis sector. This indicates strong performance and resilience, which could make it attractive to investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80