High and rising higher? THC-linked pot stocks outperform sober cousin

Planet 13 Holdings

12/10/2020 17:04

** Pot stocks linked to the high-inducing compound
Tetrahydrocannabinol (THC) have surged higher in 2020 when
compared to stocks in the non-psychoactive CBD-related
businesses, advisory firm Viridian Capital Advisors says in a
note
    ** Viridian says THC stocks, like Curaleaf Holdings 
 CURA.CD , Green Thumb Industries  GTII.CD  and Cresco Labs
 CL.CD , have recorded a YTD gain of ~20%, while CBD shares, in
stark contrast, is showing a YTD loss of ~35%
    ** Larger U.S. THC companies have thrived due to increased
revenues, greater profitability and stand to benefit further
from upcoming U.S. election - Viridian  urn:newsml:reuters.com:*:nL4N2GZ3JR
    ** The venture capital fund also notes larger cap THC stocks
have better trading volume and liquidity than CBD counterparts,
attracting investors 
    ** Unlike THC, hemp-derived CBD is federally legal but has
been plagued by excess production, brand proliferation and
pricing declines - Viridian
    ** CBD, a derivative of the cannabis plant, is believed to
ease anxiety and other ills without the high of its close
cousin, marijuana
    ** Charlotte's Web Holdings  CWEB.TO , Neptune Wellness
Solutions  NEPT.TO , CV Sciences  CVSI.PK  are among the CBD
stocks included in the report 

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HC-linked pot stocks outperform    https://tmsnrt.rs/3lE6AKR
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 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))