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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>In a week with lower news flow and volume, cannabis stocks drifted lower.</li><li>The US cannabis MSOS ETF dropped 10.86%, while the global YOLO ETF lost 8.23%. YTD, MSOS and YOLO are down 4.86% and 19.44%, respectively, indicating the relative outperformance of US cannabis stocks versus their global (primarily Canadian) peers.</li><li>Glass House Brands (NEO: GLAS, OTCQX: GLASF) inched up 1.09% last week and is now +142.40% YTD.</li></ul>

In a week with lower news flow and volume, cannabis stocks drifted lower.The US cannabis MSOS ETF dropped 10.86%, while the global YOLO ETF lost 8.23%. YTD, MSOS and YOLO are down 4.86% and 19.44%, respectively, indicating the relative outperformance of US cannabis stocks versus their global (primarily Canadian) peers.Glass House Brands (NEO: GLAS, OTCQX: GLASF) inched up 1.09% last week and is now +142.40% YTD.

The Highlights - Cannabis News for the Week Ending December 15, 2023

<ul><li>It was another strong week for cannabis stocks, with the US cannabis MSOS ETF and the global YOLO ETF gaining 7.65% and 5.65%, respectively.</li><li>MSOS is now +7.62% YTD and +53.91% since the HHS recommended Schedule III on August 29, 2023.</li><li>The MSOS ETF had $29,340,300 in inflows this week. Some large investors are waiting for the DEA response prior to pushing in their chips, but others are comfortable increasing allocations in advance. </li></ul>

It was another strong week for cannabis stocks, with the US cannabis MSOS ETF and the global YOLO ETF gaining 7.65% and 5.65%, respectively.MSOS is now +7.62% YTD and +53.91% since the HHS recommended Schedule III on August 29, 2023.The MSOS ETF had $29,340,300 in inflows this week. Some large investors are waiting for the DEA response prior to pushing in their chips, but others are comfortable increasing allocations in advance. 

The Highlights - Cannabis News for the Week Ending December 8, 2023

<ul><li>It was a holiday-shortened week for US stocks, and this will be a briefer edition of The Highlights.</li><li>The US cannabis MSOS ended the week -2.32%, while the global YOLO ETF was +2.43%.</li><li>Volumes were light, especially on Friday, when Ascend’s (CSE: AAWH, OTCQX: AAWH) US listing traded just $11,553 in volume.</li></ul>

It was a holiday-shortened week for US stocks, and this will be a briefer edition of The Highlights.The US cannabis MSOS ended the week -2.32%, while the global YOLO ETF was +2.43%.Volumes were light, especially on Friday, when Ascend’s (CSE: AAWH, OTCQX: AAWH) US listing traded just $11,553 in volume.

The Highlights - Cannabis News for the Week Ending November 24, 2023

<ul><li>Cannabis stocks had another good week, with the US cannabis MSOS ETF gaining 5.50% and the global YOLO increasing 2.49%.</li><li>As the potential DEA news inches closer, US cannabis stocks continue to outperform Canadian counterparts. MTD, MSOS is +22.86%, while YOLO is +10.34%.</li><li>Ayr Wellness (CSE: AYR, OTCQX: AYRWF) was +27.29% and led the way for the larger operators. </li></ul>

Cannabis stocks had another good week, with the US cannabis MSOS ETF gaining 5.50% and the global YOLO increasing 2.49%.As the potential DEA news inches closer, US cannabis stocks continue to outperform Canadian counterparts. MTD, MSOS is +22.86%, while YOLO is +10.34%.Ayr Wellness (CSE: AYR, OTCQX: AYRWF) was +27.29% and led the way for the larger operators. 

Cannabis News for the Week Ending November 17, 2023

<ul><li>Cannabis stocks had an excellent week, with the US cannabis MSOS ETF surging 11.39% and the global YOLO ETF ending +4.07%. YTD, MSOS is -6.29% and YOLO is -21.94%, indicating that US cannabis has been outperforming Canadian and other global names.</li><li>The week started with BAT (LSE: BATS, NYSE: BTI) making a C$124.6 million investment into Canadian operator Organigram (TSX: OGI, OTCQX: OGI).</li><li>Most of the capital is to create Jupiter, a strategic investment pool designed to expand Organigram’s footprint and capitalize on strategic growth opportunities.</li></ul>

Cannabis stocks had an excellent week, with the US cannabis MSOS ETF surging 11.39% and the global YOLO ETF ending +4.07%. YTD, MSOS is -6.29% and YOLO is -21.94%, indicating that US cannabis has been outperforming Canadian and other global names.The week started with BAT (LSE: BATS, NYSE: BTI) making a C$124.6 million investment into Canadian operator Organigram (TSX: OGI, OTCQX: OGI).Most of the capital is to create Jupiter, a strategic investment pool designed to expand Organigram’s footprint and capitalize on strategic growth opportunities.

The Highlights - Cannabis News for the Week Ending November 10, 2023

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 December 15, 2023

The US cannabis MSOS ETF dropped 10.86%, while the global YOLO ETF lost 8.23%. YTD, MSOS and YOLO are down 4.86% and 19.44%, respectively

Water Tower Research

The Highlights - Cannabis News for the Week Ending December 8, 2023

It was another strong week for cannabis stocks, with the US cannabis MSOS ETF and the global YOLO ETF gaining 7.65% and 5.65%, respectively.

Water Tower Research

The Highlights - Cannabis News for the Week Ending November 24, 2023

It was a holiday-shortened week for US stocks, and this will be a briefer edition of The Highlights. The US cannabis MSOS ended the week -2.32%,...

Water Tower Research

Cannabis News for the Week Ending November 17, 2023

Cannabis stocks had another good week, with the US cannabis MSOS ETF gaining 5.50% and the global YOLO increasing 2.49%.

Water Tower Research

The Highlights - Cannabis News for the Week Ending November 10, 2023

Cannabis stocks had an excellent week, with the US cannabis MSOS ETF surging 11.39% and the global YOLO ETF ending +4.07%. YTD, MSOS is -6.29% and...

Water Tower Research

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