Back in June I created a personal pot stock portfolio consisting of the 11 best performing “momentum” stocks in the munKNEE Pure-Play Pot Stock Index up until that time, based on the assumption that their out-performance was due to the companies being well managed, well-financed, and executing their respective business plans to a “t”. I couldn’t be happier with the results. My portfolio is UP 136.5% since then.
An original article by Lorimer Wilson, Managing Editor of munKNEE.com, Your KEY To Making Money!
The performance of the 11 stocks since the end of June are as follows, in descending order:
- TerrAscend (TRSSF) +359%
- Jushi (JUSHF) +325%
- Planet 13 (PLNHF) +185%
- Trulieve (TCNNF) +167%
- Ayr (AYRSF) 153%
- Green Thumb (GTBIF) +151%
- Columbia (CCHWF) +143%
- Curaleaf (CURLF) +90%
- Cresco (CRLBF) +44%
- Aphria (APHA) +33%
- Canopy (CGC) +17%
To be fair, and to put things in perspective, the re-constituted munKNEE Pure-Play Pot Stock Index, as a whole, is up “only” 83.8% since the end of June compared to the 136.5% for my portfolio of 11 stocks.
*The munKNEE Pure-Play Pot Stock Portfolio consists of only the 29 companies (Acreage has two stocks in the Index), out of a universe of over 200 cannabis stocks that derive 100% of their revenue from the sale of cannabis and consistently trade for at least US$1/share to reflect the true health of the marijuana industry in the U.S. and Canada.
About Lorimer Wilson
Lorimer Wilson is an economic & financial commentator who wrights articles on economics, finance, precious metals, and the cannabis, psychedelic and plant-based food stock sectors. He is the Managing Editor of munKNEE.com, a site that provides a selection of the internet’s best finance articles in an edited, reformatted and abridged format to ensure a fast and easy read.