420 Investor Weekly Review 12/16/22


Illinois released its medical cannabis sales for November. The state saw total cannabis sales fall 0.8% from October but rise 4.2% from a year ago to $158.7 million. Michigan released its November cannabis sales, with the total gaining 33.2% from a year ago while falling 2.9% from October, with one more day, to $203.4 million.

I distributed this written material to 420 Investor subscribers during the week:

I published an article on Planet 13 Holdings at Seeking Alpha:

Here are some of this week's highlights for Focus List names:

  • CURLF expanded its "The Farmer's Select" program in California.
  • GTBIF named a new CFO, the Chief Accounting Officer since 2020,with the former CFO moving to President.
  • PLNHF launched an exclusive collaboration with Lil Wayne's GKUA Ultra Premium.
  • TCNNF announced a partnership with a California companies Connected Cannabis and AlienLabs in Florida.
  • TLRY launched a new limited edition of RIFF premium flower with two collections of craft flower.

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.

There were comments in over 90 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.

Market Performance

The Global Cannabis Stock Index posted a new all-time closing low of 10.81 on Thursday and a new intraday low of 10.78 on Friday. It was slammed lower this week to 11.02, ending down 9.5% for the week. This was a lot worse than the 2.1% loss in the S&P 500, which is down 5.6% in December. The cannabis index has dropped 19.4% in December, and it has declined 2.1% thus far in Q4. This is worse than the +7.4% return in the S&P 500.

Posted to Benzinga PotProfits on Dec 16, 2022 — 4:12 PM
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