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 Health care / Thematic (Sector/Industry)

<ul><li>Stocks got hammered again this week, with the MSCI World Index falling 2.24% and the S&amp;P 500 losing 2.50%.</li><li>The S&amp;P is off 10.61% from its July 7 high, which is formally a correction. Higher yields and mixed mega-cap tech earnings have driven the decline.</li><li>Cannabis stocks continued their six-week slide. The US cannabis MSOS ETF lost 21.56% this week and is -46.93% since its high on September 15.</li></ul>

Stocks got hammered again this week, with the MSCI World Index falling 2.24% and the S&amp;P 500 losing 2.50%.The S&amp;P is off 10.61% from its July 7 high, which is formally a correction. Higher yields and mixed mega-cap tech earnings have driven the decline.Cannabis stocks continued their six-week slide. The US cannabis MSOS ETF lost 21.56% this week and is -46.93% since its high on September 15.

The Highlights - Cannabis News for the Week Ending October 27, 2023