Largest Cannabis Stocks Declined 31%, On Average, In May

 Here we give the stock returns of the constituents in both our Canadian Cannabis LPs Portfolio (designated with a *) and the American Cannabis MSOs Portfolio in May, in descending order, and this week, the  Adj. EBITDA as a % of Net Revenue for each constituents – the higher the better – which is very helpful in determining the value of a company as compared to its peers and their latest quarterly financial reports (links provided):

  • Cronos* (CRON): down 11.9% in May (down 1.9% this week)

    • Adj. EBITDA of (42.2)% of Net Revenue
    • Cronos Q1 Financial Metrics Show Improvement
  • OrganiGram* (OGI): down 19.7% in May (down 6.0% this week)

    • Adj. EBITDA of (0.3)% of Net Revenue
    • Organigram Q2 Financial Metrics Mixed
  • Green Thumb (GTBIF): down 25.7% in May (up 1.0% this week)

    • Adj. EBITDA of 35.7% of Net Revenue
    • Net Profit of: 11.3% of Net Revenue
    • Green Thumb Q1 Financial Metrics Excel Across The Board
  • Curaleaf (CURLF): down 26.3% in May (down 1.3% this week)

    • Adj. EBITDA of 22.6% of Net Revenue
    • Curaleaf Reports 16% Reduction In Net Loss In Q1
  • Cresco Labs (CRLBF): down 26.3% in May (down 1.0% this week)

    • Adj. EBITDA of 28.8% of Net Revenue 
    • All Cresco Labs’ QI Financial Metrics Down Except SG&A
  • Tilray* (TLRY): down 27.1% in May (down 2.7% this week)

    • Adj. EBITDA of 3.4% of Net Revenue
    • Tilray’s Q3 Financials Disappoint
  • TerrAscend (TSNDF): down 29.4% in May (down 2.5% this week)

    • Adj. EBITDA of 20.1% of Net Revenue 
    • TerrAscend Reports 64% Reduction In Net Loss In Q1 Financial Report
  • Trulieve Cannabis (TCNNF): down 31.9% in May (down 6.1% this week)

    • Adj. EBITDA of 35.5% of Net Revenue
    • Trulieve Cannabis Q1 Financial Results Impressive
  • Aurora Cannabis* (ACB): down 32.9% in May (down 7.1% this week)

    • Adj. EBITDA of 3.4% of Net Revenue
    • Aurora Cannabis Q3 Financials Unimpressive
  • Verano (VRNOF): down 34.4% in May (up 1.2% this week)

    • Adj. EBITDA of 30.3% of Net Revenue
    • Verano Q1 Financial Metrics Down Across The BoardAyr Wellness (AYRWF): down 34.9% in May (down 2.6% this week)

      • Adj. EBITDA of 24.7% of Net Revenue
      • AYR Wellness’ Q1 Financials Reveal 94% Reduction In Net Loss
  • Canopy Growth* (CGC): down 42.0% in May (down 6.0% this week)

    • Adj. EBITDA of (20.7)% of Net Revenue
    • Cannabis Growth Q4 Financials Unimpressive
  • SummaryThe above 12 stocks are down 3.3%, on average, this week and are down 31.2%, on average, since the beginning of May but are up 24.0% YTD. More By This Author:

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