ETFMG is now including MSOs in its MJ ETF. AdvisorShares introduced leverage to its platform for the MSOS ETF. Ohio released data that suggests the state's medical cannabis program is still seeing weekly sales in excess of $9 million.
I distributed this written material to 420 Investor subscribers during the week:
Here are some of this week's highlights for Focus List names:
I removed VLNS from the Focus List this week upon the announcement that SNDL will acquire the company for stock.
There were comments in over 120 discussions in the Forum. Don't miss out on this most informative part of 420 Investor! Not familiar with the the Forum? This video will help! This is a great way to track your favorite tickers, even those not on the Focus List, and to get your questions answered quickly.
Please check the Focus List, (which has technical, fundamental and valuation ratings as well as a market-cap table). To help track market caps, we maintain tables for the Canadian LPs and the American cannabis operators and ancillary companies.
The Global Cannabis Stock Index rallied despite the broad market weakness of the S&P 500 retreating 4.0%, increasing 1.6% during the week to 15.29 after setting an all-time closing low of 14.36 during the week on Tuesday:
The index, which lost 26% in 2021 following a 5.2% gain in 2020, is down 53.5% in 2022. It currently includes 26 stocks and ended 2021 at 32.85. In August, it has fallen 0.7%:
For perspective, the index, which began 2013 at 100, bottomed in August 2013 at 70 after a prior peak of 220 in February 2013 and peaked in 2014 at 1010. The long post-2014 decline ended in February 2016, with the market soaring at the beginning of 2018 to levels not seen since 2014. We took out the 2016 lows by a wide margin in early 2020 and then soared into 2021 before reversing. We recently made a new all-time low:
Flying High, up 21.7% in July, ended the week valued at $219,779, up 0.5% during the week and now up 3.0% in August. This model portfolio was launched on 9/23/13 with $10,000 (paper), and it ended 2013 at $18,225, 2014 at $15,702, 2015 at $9608, 2016 at $49,568, 2017 at $112,891, 2018 at $161,346, 2019 at $165,249, 2020 at $252,409 and 2021 at $294,249. The year-to-date gain was 16.6% in 2021, and the model portfolio is down 25.3% in 2022. The model portfolio has increased 2098% since inception. Flying High has 7 positions and 0.2% cash. During the week, I exited an LP on Tuesday and added to an ancillary holding and to two MSOs. On Wednesday, I exited an MSO and added to an LP and a added a new position in an ancillary company. On Thursday, I trimmed one ancillary name (the one I added to on Tuesday) and added to another ancillary name.
420 Opportunity, which rose 19.3% in July, ended the week at $51,248, down 0.8% (and +1.6% in August) This model portfolio, which was funded with $50,000 (paper) on 4/8/14 and ended 2014 at $17,105, 2015 at $11,418, 2016 at $44,915, 2017 at $91,407, 2018 at $94,616, 2019 at $77,715, 2020 at $105,373 and 2021 at $90,823, has a goal of being fully invested and outperforming the market as measured by the 420 Investor Cannabis Stock Index, which gained 1.5% during the week. In 2021, the model lost 13.8%, while the index decreased 26.0%, and it is down 43.6% in 2022 compared to the index loss of 53.5%. The model portfolio has gained 2.5% since inception, while the overall market has declined by 98% during that time-frame. The model maintains 18 holdings and 0.2% cash. The three largest holdings include AYRWF (10.0%), TRSSF (9.1%) and OGI (8.8%). During the week, I exited GTBIF on Monday, adding to UGRO, GRWG and CRON. On Tuesday, I exited the CEADW and added to AYRWF. On Wednesday, I trimmed AAWH and added to TRSSF. On Thursday, I reduced CRON and added a new position in SBIG. On Friday, I trimmed IIPR and added to HYFM.
420 Quality, which was funded with $50,000 (paper) on 3/1/17 and was up 20.4% in July, ended the week at $71,347, down 0.9% this week (and still up 0.5% in August). In 2021, the model portfolio lost 21.8% compared to the 26.0% loss in the index. In 2022, it has returned -43.5% compared to the index return of -53.5%. It ended 2017 at $109,480, 2018 at $119,053, 2019 at $113,123, 2020 at $161,504 and 2021 at $126,323. To learn more about the model portfolio, which is longer-term focused, please read the description I posted before launch. Since inception, the model has gained 42.7%, while the index has lost about 81.1%. The model has 17 holdings and 0.1% cash. The largest positions include OGI (9.6%), AYRWF (9.5%) and TRSSF (9.1%). During the week, I exited GTBIF on Monday, adding to UGRO, GRWG and CRON. On Tuesday, I exited the CEADW and added to AYRWF. On Wednesday, I trimmed AAWH and added to TRSSF. On Friday, I trimmed IIPR and added to HYFM.
Companies with fiscal years ending in May (April for Canadian Venture stocks that don't file with the SEC) must report their annual financials in August. This includes none from the Focus List since Tilray already filed. Companies with years ending in March, September and December must file their quarterly reports by mid-August (or by late August for Canadian-listed stocks that aren't on the TSX or NEO or filing with the SEC).