Research from Water Tower Research, Water Tower Research

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.

Equity Research Firm

Thematic (Sector/Industry)

<ul style="list-style-type: disc;"><li><p>Despite the turmoil in the Middle East, the MSCI World Index gained 0.36%, while the S&amp;P 500 rose 0.94%.</p></li><li><p>The Russell 2000 underperformed again, losing 1.58%, while the NASDAQ climbed 2.35%. YTD, the Russell 2000 is -2.35%, the S&amp;P 500 is +12.83, and NASDAQ is +28.10%.</p></li><li><p>This is surprising, as small caps typically lead off a bear market bottom. However, during this cycle, large tech is leading the way.</p></li></ul>

Despite the turmoil in the Middle East, the MSCI World Index gained 0.36%, while the S&amp;P 500 rose 0.94%.The Russell 2000 underperformed again, losing 1.58%, while the NASDAQ climbed 2.35%. YTD, the Russell 2000 is -2.35%, the S&amp;P 500 is +12.83, and NASDAQ is +28.10%.This is surprising, as small caps typically lead off a bear market bottom. However, during this cycle, large tech is leading the way.

The Highlights - Cannabis News for the Week Ending October 13, 2023

<div><div><div><div><ul style="list-style-type: disc;"><li><p>Global equities ended the week up modestly, with the MSCI World Index returning 0.07%. US indices fared worse, with the S&amp;P 500 -0.48%, NASDAQ -0.59%, and Russell 2000 -1.56%. Most of the declines were due to a strong jobs report that sent interest rates higher, and stocks lower.</p></li><li><p>Cannabis stocks fell again this week with the US cannabis MSOS ETF falling 10.83% and the global YOLO ETF dropping 8.19%.</p></li><li><p>MSOS has now retraced more than 50% of the gains since the HHS announcement on August 30.</p></li></ul></div></div></div></div>

Global equities ended the week up modestly, with the MSCI World Index returning 0.07%. US indices fared worse, with the S&amp;P 500 -0.48%, NASDAQ -0.59%, and Russell 2000 -1.56%. Most of the declines were due to a strong jobs report that sent interest rates higher, and stocks lower.Cannabis stocks fell again this week with the US cannabis MSOS ETF falling 10.83% and the global YOLO ETF dropping 8.19%.MSOS has now retraced more than 50% of the gains since the HHS announcement on August 30.

Cannabis News for the Week Ending October 6, 2023

<div><div><div><div><ul style="list-style-type: disc;"><li><p>Global equities sold off this week after more hawkish language from the Federal Reserve. The MSCI World Index fell 2.77%, while the S&amp;P 500 dropped 2.92%.</p></li><li><p>The Fed kept rates at 5.25-5.50% but warned additional rate hikes are possible.</p></li><li><p>The NASDAQ declined 3.62%, while the small-cap Russell 2000 finished the five days down 3.78%.</p></li></ul></div></div></div></div>

Global equities sold off this week after more hawkish language from the Federal Reserve. The MSCI World Index fell 2.77%, while the S&amp;P 500 dropped 2.92%.The Fed kept rates at 5.25-5.50% but warned additional rate hikes are possible.The NASDAQ declined 3.62%, while the small-cap Russell 2000 finished the five days down 3.78%.

The Highlights - Cannabis News for the Week Ending September 22, 2023

<ul style="list-style-type: disc;"><li><p>Global equities were fairly flat this week, with the MSCI World Index +0.40% and the S&amp;P -0.48%.</p></li><li><p>The NASDAQ was down 0.39%, while the small-cap Russell 2000 dropped 0.17%.</p></li><li><p>Rising oil prices boosted value stocks, while Apple’s uninspiring new product introductions weighed on the tech sector.</p></li></ul>

Global equities were fairly flat this week, with the MSCI World Index +0.40% and the S&amp;P -0.48%.The NASDAQ was down 0.39%, while the small-cap Russell 2000 dropped 0.17%.Rising oil prices boosted value stocks, while Apple’s uninspiring new product introductions weighed on the tech sector.

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

<ul style="list-style-type: disc;"><li><p>Global equities gave back most of last week’s gains, with the MSCI World Index ending the week -1.42% and the S&amp;P 500 -1.26%.</p></li><li><p>The NASDAQ finished the four- day stretch -1.93%, while small caps were hit hardest, down 3.60%.</p></li><li><p>Losses were fueled by mid-week economic reports that signaled inflation could pick up again.</p></li></ul>

Global equities gave back most of last week’s gains, with the MSCI World Index ending the week -1.42% and the S&amp;P 500 -1.26%.The NASDAQ finished the four- day stretch -1.93%, while small caps were hit hardest, down 3.60%.Losses were fueled by mid-week economic reports that signaled inflation could pick up again.

The Highlights - Cannabis News for the Week Ending September 8, 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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

MariMed (MRMD US)

The Highlights - Cannabis News for the Week Ending October 13, 2023

The Russell 2000 underperformed again, losing 1.58%, while the NASDAQ climbed 2.35%. YTD, the Russell 2000 is -2.35%, the S&P 500 is +12.83, and...

Water Tower Research

Cannabis News for the Week Ending October 6, 2023

Cannabis stocks fell again this week with the US cannabis MSOS ETF falling 10.83% and the global YOLO ETF dropping 8.19%.

Water Tower Research

The Highlights - Cannabis News for the Week Ending September 22, 2023

Global equities sold off this week after more hawkish language from the Federal Reserve. The MSCI World Index fell 2.77%, while the S&P 500 dropped...

Water Tower Research

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

Global equities were fairly flat this week, with the MSCI World Index +0.40% and the S&P -0.48%. The NASDAQ was down 0.39%, while the small-cap...

Water Tower Research

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

Global equities gave back most of last week’s gains, with the MSCI World Index ending the week -1.42% and the S&P 500 -1.26%.

Water Tower Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)