Portfolio Update

Jul
11
Green Giants June 2022 Newletter

Green Giants June 2022 Newletter

June marked the end of a brutal first half of the year. The S&P 500 finished down -20.6%, its worst start since 1970 and the MSCI World Index return of -20.9% was the worst first-half in its history. Inflation and slowing growth are taking their toll on all risk assets.
8 min read
Jun
08
Green Giants May 2022 Newsletter

Green Giants May 2022 Newsletter

During May broad US indexes finished about flat and cannabis stocks posted another negative month. The US cannabis markets have lost money in 14/15 months and are in the midst of a 75% drawdown. There is no way to sugarcoat it: this is a painful period.
8 min read
May
18
Why I'm Back In Ayr Wellness, For Now...

Why I'm Back In Ayr Wellness, For Now...

Among its peer group, AYR has the fastest-growing sales, and is the cheapest according to two valuation metrics. This is compelling, but sometimes it takes a catalyst to reverse sentiment and renew interest in a stock. Thankfully, one is on the horizon.
7 min read
May
09
Green Giants April 2022 Newsletter

Green Giants April 2022 Newsletter

The S&P 500 is off to its worst start since 1939, and the NASDAQ notched its worst opening quarter since launching in 1971. For cannabis stocks, it was the worst month since COVID-lows of March 2020.
8 min read
Apr
04
Green Giants March 2022 Newsletter

Green Giants March 2022 Newsletter

What we have largely experienced are delays, rather than cracks in the fundamental story. I remain positive and believe the Green Giants strategy of focusing on the most-dominant operators is the least-risky means of capitalzing on the eventual opportunity.
6 min read
Mar
02
Green Giants February 2022 Newsletter

Green Giants February 2022 Newsletter

In another volatile period, the Green Giants model portfolio earned its first positive month since we started trading on October 1st, 2021. Year-to-date, we are comfortably ahead of our cannabis-investing peers.
6 min read
Feb
09
Green Giants January 2022 Newsletter

Green Giants January 2022 Newsletter

If cannabis stocks made a New Year’s resolution to perform better, it lasted two weeks. Through January 17th, the Green Giants model portfolio was positive. This changed when inflation fears surged, all equities collapsed, and cannabis stocks sold off in sympathy.
6 min read
Jan
06
Green Giants December 2021 Newsletter

Green Giants December 2021 Newsletter

Benjamin Graham said, “In the short run, the market is a voting machine, but in the long run it is a weighing machine.” We are in a period where cannabis companies’ successes are not being recognized. While frustrating, this presents ideal conditions for accumulating assets and building portfolios.
6 min read
Dec
02
Green Giants November 2021 Newsletter

Green Giants November 2021 Newsletter

November was a wild month for cannabis stocks. Despite pockets of optimism, we closed with back-to-back brutal days and ended down -4.94% for the month. Misery loves company, and the MSOS ETF, American Cannabis Operators Index and Russell 2000 all suffered as well.
5 min read
Nov
11
Alas, Bullish Signs!

Alas, Bullish Signs!

Things can change quickly in cannabis investing and they started to on Friday, November 5th. Over the last week, a combination of political and earnings news has driven the the model portfolio up 25%.
3 min read