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Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>The US cannabis MSOS ETF broke a two-week slide and gained 6.77% over the holiday-shortened four- day trading week.</li><li>Once again, the global YOLO ETF lagged at just 0.27% over the same stretch. MSOS is +37.23% YTD, while YOLO is +22.18%.</li><li>The discrepancy shows the increased interest in US cannabis due to the potential for rescheduling and the continuing difficult environment for most Canadian operators.</li></ul>

The US cannabis MSOS ETF broke a two-week slide and gained 6.77% over the holiday-shortened four- day trading week.Once again, the global YOLO ETF lagged at just 0.27% over the same stretch. MSOS is +37.23% YTD, while YOLO is +22.18%.The discrepancy shows the increased interest in US cannabis due to the potential for rescheduling and the continuing difficult environment for most Canadian operators.

The Highlights - Cannabis News for the Week Ending February 23, 2024

<ul><li>Cannabis stocks sold off for the second straight week. The US cannabis MSOS ETF lost 6.44%, while the global YOLO ETF fell 15.19%.</li><li>In the absence of meaningful news, we saw profit taking while we wait for earnings and news from the DEA.</li><li>This week, MSOS had $15,088,000 in inflows. So far in February, total inflows have been $91,345,550, which is $8,304,140 on average per trading session.</li></ul>

Cannabis stocks sold off for the second straight week. The US cannabis MSOS ETF lost 6.44%, while the global YOLO ETF fell 15.19%.In the absence of meaningful news, we saw profit taking while we wait for earnings and news from the DEA.This week, MSOS had $15,088,000 in inflows. So far in February, total inflows have been $91,345,550, which is $8,304,140 on average per trading session.

The Highlights - Cannabis News for the Week Ending February 16, 2024

<ul><li>After five straight positive weeks, we were due for a pullback. The US cannabis MSOS ETF fell 5.68%, while the global YOLO ETF fell 3.95%. YTD, MSOS is +37.37% and YOLO is +20.86%.</li><li>The potential for Schedule III and 280E removal is driving the outperformance of US names. For the week, MSOS had $44.07 million in inflows.</li><li>Ascend (CSE: AAWH, OTCQX: AAWH) gained 11.41% this week and was finally added to the MSOS ETF. </li></ul>

After five straight positive weeks, we were due for a pullback. The US cannabis MSOS ETF fell 5.68%, while the global YOLO ETF fell 3.95%. YTD, MSOS is +37.37% and YOLO is +20.86%.The potential for Schedule III and 280E removal is driving the outperformance of US names. For the week, MSOS had $44.07 million in inflows.Ascend (CSE: AAWH, OTCQX: AAWH) gained 11.41% this week and was finally added to the MSOS ETF. 

The Highlights - Cannabis News for the Week Ending February 9, 2024

<ul><li>Cannabis stocks earned their fifth-straight week of positive returns, with the US cannabis MSOS ETF gaining 11.95% and the global YOLO ETF gaining 5.56%.</li><li>YTD, MSOS is +45.64% and YOLO is +25.82%. The gap between US and foreign cannabis stock performance continues to widen.</li><li>MSOS had $44.8 million of inflows last week. The $17.8 million on February 1 was the largest one-day inflow since October 2, 2023. AUM of the ETF is $1.01 billion.</li></ul>

Cannabis stocks earned their fifth-straight week of positive returns, with the US cannabis MSOS ETF gaining 11.95% and the global YOLO ETF gaining 5.56%.YTD, MSOS is +45.64% and YOLO is +25.82%. The gap between US and foreign cannabis stock performance continues to widen.MSOS had $44.8 million of inflows last week. The $17.8 million on February 1 was the largest one-day inflow since October 2, 2023. AUM of the ETF is $1.01 billion.

The Highlights - Cannabis News for the Week Ending February 2, 2024

<ul><li>Cannabis stocks rose for the fourth consecutive week, with the US cannabis MSOS ETF +8.06% and the global YOLO +4.96%.</li><li>Returns continue to be driven by optimism around political progress in the US. YTD MSOS is +30.10%, while YOLO is +15.55%.</li><li>Since the HHS rescheduling recommendation on August 29, MSOS is +88.05% and is outperforming YOLO by 42.29%.</li></ul>

Cannabis stocks rose for the fourth consecutive week, with the US cannabis MSOS ETF +8.06% and the global YOLO +4.96%.Returns continue to be driven by optimism around political progress in the US. YTD MSOS is +30.10%, while YOLO is +15.55%.Since the HHS rescheduling recommendation on August 29, MSOS is +88.05% and is outperforming YOLO by 42.29%.

The Highlights - Cannabis News for the Week Ending January 26, 2024

United States

MariMed, Inc. operates as a pharmaceutical company. The Company specializes in designing, development, operation, funding, and optimization of medical cannabis cultivation, production centers, and dispensaries. MariMed serves customers in the State of Massachusetts.

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MariMed (MRMD US)

The Highlights - Cannabis News for the Week Ending February 23, 2024

The discrepancy shows the increased interest in US cannabis due to the potential for rescheduling and the continuing difficult environment for most...

Water Tower Research

The Highlights - Cannabis News for the Week Ending February 16, 2024

Cannabis stocks sold off for the second straight week. The US cannabis MSOS ETF lost 6.44%, while the global YOLO ETF fell 15.19%.

Water Tower Research

The Highlights - Cannabis News for the Week Ending February 9, 2024

After five straight positive weeks, we were due for a pullback. The US cannabis MSOS ETF fell 5.68%, while the global YOLO ETF fell 3.95%. YTD,...

Water Tower Research

The Highlights - Cannabis News for the Week Ending February 2, 2024

Cannabis stocks earned their fifth-straight week of positive returns, with the US cannabis MSOS ETF gaining 11.95% and the global YOLO ETF gaining...

Water Tower Research

The Highlights - Cannabis News for the Week Ending January 26, 2024

Cannabis stocks rose for the fourth consecutive week, with the US cannabis MSOS ETF +8.06% and the global YOLO +4.96%. Returns continue to be...

Water Tower Research

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