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We work with many multi-state operator (MSO) cannabis companies. there is always. Most of these companies are publicly traded, although other companies still
KEY POINTS • Now on the cusp of federal reform (timing of which is unknown), the cannabis industry appears at an inflection point with the growth prospects and legitimacy we outlined in 2014 beginning to materialize. • Our review of a grouping of publicly-traded MSOs for CY ’19 and ’20 with a market cap >$1B, determined revenue growth of these ‘majors’ outpaced the broader cannabis industry by a wide margin YoY (170% vs 43%) yet this group trades at a discount (4.0x ’22 EV/Sales) relative to the industry as a whole (7.6X extrapolated from this grouping which accounts for ~...
It's a Strange Mix of Action Out There The best momentum on my screens right now are the U.S. cannabis plays that are referred to as Multi-State Operators. The indices look good, and breadth is strong at 2 to 1 positive, but momentum is mixed, as is illustrated by ARK Innovation ETF (ARKK) , which is trading down 0.7%. Traders still seem to be hesitant to aggressively chase, but lower interest rates are helping the overall move. The best momentum on my screens right now are the U.S. cannabis plays that are referred to as Multi-State Operators (MSO). Names like Trulieve (TCNNF) , Green...
Press release content from Globe Newswire. The AP news staff was not involved in its creation. CNBS Cannabis ETF Announces Ability to Access MSOs via Swaps Amplify ETFsApril 20, 2021 GMT CHICAGO, April 20, 2021 (GLOBE NEWSWIRE) -- Amplify ETFs is pleased to announce the Amplify Seymour Cannabis ETF (NYSE: CNBS) now has the ability to access Multi-State Operators (MSOs) via swaps. The ETF recently completed both legal and operational work in order to add portfolio exposure to this group of companies. “We are excited to now have access to the full plant-touching U.S. cannabis investable univ...
Amplify ETFs Makes Key Announcement on Unofficial Marijuana Holiday April 20, 2021 On what has become a historic day for marijuana smokers, April 20, or 4/20, a leading ETF company is making a major announcement. Amplify Seymour Cannabis ETF (NYSE: CNBS) now has the ability to access Multi-State Operators (MSOs) via swaps. The ETF recently finished the necessary legal and operational work required to add portfolio exposure to this group of companies. Swaps are a type of derivative contract where where two parties exchange the cash flows or liabilities from two disparate financial instrum...