Research from Water Tower Research, Water Tower Research

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.

Research from Water Tower Research

Equity Research Firm

Thematic (Sector/Industry)

United states Consumer discretionary / Thematic (Sector/Industry)

<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