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AdvisorShares Pure US Cannabis ETF (MSOS)

NYSEArca - Nasdaq Real Time Price. Currency in USD
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13.56-0.38 (-2.73%)
As of 11:49AM EDT. Market open.
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  • D
    Daniel
    Somebody explain why your own the Msos unless u can't buy underlying stocks which I can very easily do on fidelity? Why are you subjecting yourself to counterparty risk with swaps and paying those guys a fee when you could buy the top 5 holdings stocks and own over 60%??? Other 40%, you can't even find numbers on some of them?? If the top 5 don't do well the Msos isn't either so why subject yourself to counterparty risk and unnecessary fees? Open to education, makes zero sense unless you can't buy stocks, try fidelity, or your using options.
  • J
    J.
    Nice to see it consistently bounce back to around 14 -- nice base forming, possibly in anticipation of summer legislative change.
    Bullish
  • j
    jj
    $VRNOF conversation
    $MSOS, $AYRWF, $CCHWF, $CRLBF, $CURLF, $GTBIF, $JUSHF, $GRWG, $TCNNF, $TRSSF, $VRNOF
    From today’s edition of BNN Bloomberg
    “U.S. pot operators’ quarterly results suggest slower sales growth
    Several major American cannabis operators reported first quarter results last week that showed sales growth may be slowing. Curaleaf, the United States' largest cannabis chain, and Ascend Wellness both reported quarter-over-quarter sales declines, while TerrAscend was relatively flat and missed analyst expectations. Trulieve stood out from the rest of the pack, demonstrating a four per cent quarterly sales increase to US$318.3 million in the face of declining markets and margin contraction from its main competitors. Several analysts pointed out that Trulieve’s cash position at US$267 million puts it in an advantageous spot to pursue potential M&A deals and enter new markets. Still, the U.S. pot sector's first-quarter performance failed to inspire confidence among investors, with the Horizons US Marijuana Index ETF ending the week relatively flat.

    Public safety concerns may help push passage of U.S. SAFE Banking Act
    A rise in cannabis-related crime might be the catalyst needed to advance legalization legislation on Capitol Hill, according to a report in Politico. Passing a bill that ensures cannabis companies can legally engage with banks and other financial institutions is gaining momentum amid a rash of robberies and deaths across several U.S. states. Politico notes public safety concerns have been highlighted by national banking lobbyists and other groups as a key reason to pass or include some measures of the SAFE Banking Act into law. Analysts widely believe SAFE has a chance of finally crossing the legislative finish line this year, with some industry leaders like Curaleaf's Boris Jordan stating its passage would allow companies like his to uplist to major exchanges like the Toronto Stock Exchange”
  • B
    Brandon
    I think we actually might be near capitulation in this market. All the bulls have gone away, and the price seems to be leveling out.

    I don't see any swings up in the near future, but this may be the point when this ETF starts trading sideways finally.
  • J
    Jonathan F
    $CURLF conversation
    Cannabis is dead. #gtbif is still red. spy is up almost 2%. Basically index go down, cannabis goes down 3x, indexs go up, cannabis stays flat. It’s over this year is a tragedy. #curlf #tcnnf #msos #crlbf #tcnnf #gtbif #tlry
    Bearish
  • D
    Drew
    Great spot to buy in 420 share intervals. I bought 1420 shares. The government cant stop the States from selling Cannabis. I will buy another 420 shares next month.

    I bought 10 grams of strong thc for $95 dollars. It was never this good before. This is a great time to be a cannabis buyer AND an investor.
    Bullish
  • j
    jj
    $VRNOF conversation
    $MSOS, $AYRWF, $CCHWF, $CRLBF, $CURLF, $GTBIF, $JUSHF, $GRWG, $TCNNF, $TRSSF, $VRNOF. The Etf MSOS added to 6 positions & reduced 1 this past week…
    GTBIF +100k
    TCNNF +90k
    CURLF +200k
    VRNOF +50k
    TRSSF +150k
    CCHWF +300k
    GRWG -42k
    Due to further price depreciations across the board the AUM fell to $705.9 millions.
  • G
    Griff
    $AGFY conversation
    Interesting to see $MSOS purchasing Agrify again yesterday. Not a huge amount but they are part of the trashed stock price from when they sold half their position in one unexpected market dump after earnings 2-3 months ago….especially based on some of what they were selling Friday.
  • B
    Brandon
    Don't sell, but STOP buying. This sector is dead for the next couple years. I can't stress it enough.

    There are already a TON of other sectors that are beat down by FED policy right now that are selling at steep discounts and getting even cheaper by the day.

    Plenty of opportunity to make money in other areas. Then you can plow that money back in this sector in a few years when there is meaningful legislation on the horizon.

    After prohibition ended, the alcohol sector provided double digit returns for a decade. You don't have to jump right in at the beginning to make a solid profit.
  • C
    Chris
    A lot of strength today for a down market. Looks like we bottomed. Wouldn’t want to be short here.
  • J
    Jonathan F
    The funny part is every single long is in the red on this position. Think about it. Everyone!!!!
  • B
    Brandon
    All those diamond hands were actually coal it seems.
  • J
    Jonathan F
    Don’t buy falling knifes kids. This could go to single digits easily. #curlf #msos #tlry #crlbf #tcnnf #gtbif
    Bearish
  • J
    JAY
    Good thesis on MSOS by Amit Ghate in Seeking Alpha on the 24th. I don't usually trust anything coming from Seeking Alpha, but in this case it agrees with my thesis, so I'm on board ;-).
  • P
    Platinum
    One day, this is going to be such a screaming buy. But that day isn't this quarter or next quarter 2022.
  • T
    Tom
    $CRLBF conversation
    Tier 1 MSOs are unjustifiably low based on their intrinsic worth. Further, their debt costs have yet to go up and likely won't for some time. It's true that their worth is positively and negatively affected by the “status qou” of U.S. law, but given the posture of politicians, e.g. Rep. Nancy Mace, it's clear the likely outcome in the months ahead is federal decriminalization of cannabis that maintains the states’ control over legality. Bottom line, I'm distributing new money equally among $CRLBF $GTBIF $VRNOF $CURLF $TCNNF $TRSSF and $IIPR. The other choice is $MSOS, for those at Vanguard or others that don’t allow trading of OTC stocks. Much of the damage here is the result of dumb retail and smart money having no access to the above and that most definitely will change. Let's talk again 12/31/22.
  • M
    Michael
    Why are so many Republicans voting against legalization?
  • B
    Brandon
    Ouch
  • Y
    Yahoo Finance Insights
    MSOS is up 5.35% to 14.76
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