After underperforming the cannabis sector in October, the American Cannabis Operator Index fell for the ninth straight month after having scored five straight monthly gains, declining 7.0% to 44.75:

During Q3, the index lost 22.8%, and it is down 17.8% so far in Q4. After gaining 45.7% in 2020, when it ended at 63.05, the index is down 29.0% in 2021 and has lost 21.9% over the past year:

The index, which launched at the end of October 2018 with a value of 100, reached a closing high of 124.16 a week later before declining to 70.64 in late December 2018. It then rallied as high as 119.53 in early April 2019 before selling off over the balance of the year and into March 2020. It has rebounded 208.6% from an all-time closing low on March 18, 2020 at 14.50:

During November, the index included 18 companies, including 13 multi-state operators (MSOs), two single-state operators (SSOs) and 3 focused solely on CBD extracted from industrial hemp. 6 companies posted gains, while 4 declined by more than 20% during the month, with a median return of -3.4%:

The four best performing stocks in November were large MSOs, including Columbia Care (CSE: CCHW) (NEO: CCHW) (OTC: CCHWF), Trulieve (CSE: TRUL) (OTC: TCNNF), Green Thumb Industries (CSE: GTII) (OTC: GTBIF) and Cresco Labs (CSE: CL) (OTC: CRLBF). Columbia Care and Green Thumb were among the worst performing stocks in October.

The four worst performing stocks during the month included The Parent Company (NEO: GRAM.U) (OTC: GRAMF), Ayr Wellness (CSE: AYR.A) (OTC: AYRWF), Ascend Wellness (CSE: AAWH) (OTC: AAWH) and Charlotte’s Web (TSX: CWEB) (OTC: CWBHF).

For December, the index will include 22 stocks following, with the additions of Acreage Holdings (CSE: ACRG.A.U) (OTC: AYRWF), Goodness Growth (CSE: GDNS) (OTC: GDNSF), Red White & Bloom (CSE: RWB) (OTC: RWBYF)and Unrivaled Brands (OTC: UNRV).

In the next monthly review, we will summarize the performance for December 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.

Exclusive article by Alan Brochstein, CFA

Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email