Cannabis Chart Of The Week: Is Financial Strength Related To YTD Stock Performance?
Portfolio Pulse from Viridian Capital Advisors
The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.
June 24, 2024 | 5:12 pm
News sentiment analysis
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NEGATIVE IMPACT
Cannabist, part of Group 4, has seen a 52% YTD loss, indicating financial challenges.
Cannabist's significant YTD loss highlights financial challenges, making it a less attractive investment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Curaleaf, part of Group 2, has underperformed YTD, indicating potential risks despite its financial strength.
Curaleaf's underperformance YTD suggests potential risks, making it a less attractive investment despite its financial strength.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
IAnthus, part of Group 4, has seen a 44% YTD loss, indicating financial difficulties.
IAnthus's significant YTD loss highlights financial difficulties, making it a less attractive investment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Jushi, part of Group 4, has underperformed YTD, indicating potential risks despite its financial strength.
Jushi's underperformance YTD suggests potential risks, making it a less attractive investment despite its financial strength.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
MariMed, part of Group 2, has seen a 30% YTD loss, indicating financial challenges.
MariMed's significant YTD loss highlights financial challenges, making it a less attractive investment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Vext, part of Group 2, has seen a 33% YTD loss, indicating financial difficulties.
Vext's significant YTD loss highlights financial difficulties, making it a less attractive investment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Cresco, part of Group 1, continues to appear relatively cheap and is well-positioned for future growth.
Cresco's strong financial position and relatively low price make it an attractive investment for future growth.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Goodness Growth, part of Group 3, has gained 107% YTD, driven by its financial position.
Goodness Growth's significant YTD gains highlight its strong financial position and growth potential.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Glass House, part of Group 3, has gained 46% YTD, driven by its financial position.
Glass House's significant YTD gains highlight its strong financial position and growth potential.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Grown Rogue, part of Group 1, has gained 142% YTD, driven by its strong financial position.
Grown Rogue's significant YTD gains highlight its strong financial position and growth potential.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Trulieve, part of Group 1, has gained 81% YTD and is expected to announce stock buybacks, indicating strong financial health.
Trulieve's significant YTD gains and potential stock buybacks highlight its strong financial health and growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Verano, part of Group 1, has shown strong YTD performance and announced stock buybacks, positioning it well for future growth.
Verano's strong financial position and stock buybacks indicate confidence in future growth, making it a solid investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100