The Highlights
The US cannabis MSOS ETF broke a two-week slide and gained 6.77% over the holiday-shortened four-day trading week. Once again, the global YOLO ETF lagged at just 0.27% over the same stretch. MSOS is +37.23% YTD, while YOLO is +22.18%. The discrepancy shows the increased interest in US cannabis due to the potential for rescheduling and the continuing difficult environment for most Canadian operators. MSOS had $19,321,000 in inflows last week, bringing the MTD total to $110,666,550. That’s $7,377,770 per trading day. YOLO did not have any inflows. Trulieve (CSE: TRUL, OTCQX: TCNNF), Jushi (CSE: JUSH, OTCQX: JUSHF), and AYR (CSE: AYR, OTCQX: AYRWF) were all up more than 20%. Ascend (CSE: AAWH, OTCQX: AAWH) finished down 8.67%, but is still up 58.00% YTD. On Wednesday, we initiated coverage of California’s LEEF Brands (CSE: LEEF, OTCQX: LEEEF). The stock gained 12.50% last week and is up 141.18% YTD. LEEF is one of the largest vertically integrated operators in the state with a 12,000-square-foot extraction facility, a premium retail location in Palm Desert, and this spring it is planting what will be largest farm in Santa Barbara County—more than eight million square feet when at full capacity. Those interested can read the 20-page initiation via a link accessible in our full report. Also on Wednesday, we released our Water Tower Hour interview with Grown Rogue (CSE: GRIN, OTCQX: GRUSF) CEO Obie Strickler. We discussed its edge in low-cost craft cultivation in historically difficult Oregon and Michigan and dug into new markets like Minnesota, Maryland, and New Jersey. Those interested can listen on Apple Podcasts, Google Podcasts, or Spotify. Links provided in our full report. On Thursday, a Virgnia House panel approved a framework for adult-use sales. Unfortunately, sales would not start until May 1, 2025, at the earliest, and the licensing process would begin this September. The good news is that retail sales would have a maximum of 9% tax. The bill now needs to clear the Senate and be signed off by Governor Glenn Youngkin, who has historically been an impediment to adult-use in Virginia. The proposed regulations allow existing Virginia operators to open five additional stores. This will benefit Green Thumb Industries (CSE: GTII, OTCQX: GTBIF), Cannabist (NEO: CBST, OTCQX: CBSTF), and Jushi (CSE JUSH, OTCQX: JUSHF).
Water Tower Research is built on the foundation of democratizing information flow. We bridge the growing information gap between companies and investors through our investor engagement strategies and open-access research platform.
Our research analysts are Wall Street veterans with the experience and knowledge to work with companies and investors in tandem. We provide access to the information and content that anchors the due diligence process for both professional money managers and individual investors. We leverage traditional research distribution channels and the best of modern digital strategies and tactics to amplify this information flow globally to engage all categories of investors and stakeholders.
Information flow is the foundation for creating investor awareness, knowledge, and engagement. Our mission is to help companies and investors have the tools they need and achieve their goals.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.