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The Viridian Chart of the Week explores the relationship between financial strength and YTD stock performance.
We broke the 30 MSO/SSOs that Viridian ranks each week into five different groups arranged with the strongest six companies on the left (Group 1) and the weakest six companies on the right (Group 5).
Group 1: Green Thumb GTBIF, Trulieve TCNNF, Grown Rogue GRUSF, Verano VRNOF, Cresco CRLBF and Planet 13 PLNH
Group 2: Curaleaf CURLF, Cansortium CNTMF (proforma), C21 CXXIF, MariMed MRMD, Vext VEXTF, and Ascend AAWH
Group 3: AYR AYRWF, TerrAscend TSNDF, 1933 Industries TGIFF, Glass House GLASF, Leef Brands LEEEF, and Goodness Growth GDNSF
Group 4: Jushi JUSHF, Shwazze, Cannabist CBSTF, Ianthus ITHUF, Acreage ACRDF, and 4Front FFNTF
Group 5: Tilt TLLTF, Gold Flora GRAM, Red White & Bloom RWBYF, Slang SLGWF, Body & Mind BMMJ, and StateHouse STHZF
Group 1 is up 14% YTD, driven by an 81% gain by Trulieve and a 142% gain by Grown Rogue. Viridian correctly expected that the financially most robust companies would outperform in the current environment for several reasons:
The capital markets have shown little sign of opening up, and what capital is available is expensive.
