AYRWF - During 4/20 day multi-state operators don't have much to celebrate

While April 20 is an unofficial marijuana "holiday" where individuals salute cannabis, multi-state operators this year don't have much reason to celebrate. Year-to-date returns for the largest U.S.-based MSO have been anything but high. The best performing of the six largest based on market cap is Columbia Care (OTCQX:CCHWF) with a decline of 9.1% from Jan. 1 through April 19. Columbia Care (OTCQX:CCHWF) benefitted in March after Cresco Labs (OTCQX:CRLBF) said it would acquire the company for ~$2B. The worst performer year to date, down 32.5%, is Verano Holdings (OTCQX:VRNOF). Viridian Capital Advisors Director of Equity Research Jon DeCourcey wrote earlier in April that smaller MSOs outperformed their larger counterparts in Q1, a trend he expects to continue. He added that small- and medium-sized MSOs are in a position to be acquired. Although adult-use marijuana sales are set to begin in additional states this year and next, part of the reason for

For further details see:

During 4/20 day, multi-state operators don't have much to celebrate