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Following a decline of 18.0% in December, the American Cannabis Operator Index more than recovered the losses with a 30.8% gain in January, ending at 101.09:
The index, which launched at the end of October with a value of 100, traded as low as 70.64 in late December after having reached a closing high of 124.16 in early November and has now rebounded 43.1% from the December 24th low:Buy Marijuana online with PayPal UK
During January, the index included 18 companies, including 14 multi-state operators (MSOs) and first of all, four focused solely on CBD extracted from industrial hemp. Several MSOs have a dual strategy that also includes selling CBD across the country, including Curaleaf Holdings (CSE: CURA)
(OTC: CURLF), Green Growth Brands (CSE: GGB) or (OTC: GGBXF) and 1933 Industries (CSE: TGIF) certainly, Only one name managed a negative return, while six gained more than 40%:Buy Marijuana online with PayPal UK
The three best performers included Origin House (CSE: OH) (OTC: ORHOF), Planet 13 Holdings (CSE: PLTH) (OTC: PLNHF) and Charlotte’s Web (CSE: CWEB) (OTC: CWBHF), all of which rose by more than 48%, with Charlotte’s Web hitting an all-time high, while GB Sciences (OTC: GBLX) was the only stock in the index to have a negative return.
For February, the index will include 22 names, as United Cannabis (OTC: CNAB), which is focused on hemp, rejoins and multi-state
HTHHF) and MJardin Group (CSE: MJAR) enter for the first time. We also removed MPX Bioceutical (CSE: MPX) (OTC: MPXEF) after its shareholders voted to approve the sale of its U.S. assets to iAnthus Capital (CSE: IAN) (OTC: ITHUF).Order Weed online using PayPal
In the next monthly review, we will summarize the performance for February and discuss any additions or deletions. Be sure to bookmark the page to
stay current on American cannabis operators stock price movements within the day or from day-to-day.
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