April was a Rough Month for Cannabis Stocks…

April was a challenging month for the cannabis sector and we were closely monitoring how individual companies performed.

Today, we highlighted the performance of 25 cannabis stocks in April and wanted our readers to be aware of these movements. As you can see, the sector traded lower on average and we will monitor how it performs this month.

1. InterCure Ltd. (NASDAQ: INCR) – was a top performer and rallied almost 15%
2. AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) –rallied almost 12%
3. Charlotte’s Web (OTC: CWBHF) (TSX: CWEB) – bounced 11% higher
4. Verano Holdings (OTC: VRNOF) (CSE: VRNO) – traded 2% higher
5. The BC Bud Co. (CSE: BCBC) (OTC: BCBCF) – trended higher for the month
6. Cresco Labs (OTC: CRLBF) (CSE: CL) – barely traded higher for the month
7. Khiron Life Sciences (TSXV: KHRN) (OTCQB: KHRNF) – barely traded higher for the month
8. GrowGeneration (Nasdaq: GRWG) – traded flat for the month
9. TILT Holdings (OTC: TLLTF) – traded flat for the month
10. Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) – traded 7.5% lower
11. Curaleaf Holdings (OTC: CURLF) (CSE: CURA) – fell approx. 8%
12. Canopy Growth (Nasdaq: CGC) (TSX: WEED) – plunged more than 25%
13. Jazz Pharmaceuticals (Nasdaq: JAZZ) – fell less than 5%
14. Tilray Brands (Nasdaq: TLRY) (TSX: TLRY) – dropped approx. 7%
15. Village Farms (Nasdaq: VFF) – traded 7% lower
16. Schwazze, (OTCQX: SHWZ) (NEO: SHWZ) – fell less than 5%
17. CEA Industries (Nasdaq: CEAD) – fell 10% in April
18. Aurora Cannabis (Nasdaq: ACB) (TSX: ACB) – traded almost 15% lower
19. Cronos Group (Nasdaq: CRON) (TSX: CRON) – fell less than 5%
20. Innovative Industrial Properties, Inc. (IIPR) – fell approx. 10%
21. Trulieve Cannabis Corp. (OTC: TCNNF) (CSE: TRUL) – fell less than 5%
22. Columbia Care Inc. (CSE: CCHW) (OTCQX: CCHWF) – fell less than 5%
23. High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) – edged lower on the month
24. Indiva Limited (TSXV:NDVA) – under pressure but came off its monthly low
25. Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) – fell 11% during the month

If you are interested in learning more about individual stock movements, please send an email to support@technical420.com with the subject “Cannabis Stock Movers” to be added to our distribution list.

Company Relationship Disclosure

T420 is responsible for the T420 opinions provided in this disclosure except all sources or information provided by other parties were not verified or authenticated and T420 does not undertake to confirm or substantiate or be responsible for such information provided by other parties

Any Content posted regarding a Profiled Issuer is not a solicitation or recommendation to buy, sell or hold securities. We cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. All information should be independently verified. We are not responsible for errors or omissions in our publications, and any opinions expressed are subject to change, without notice. We do not, nor are we under any obligation to undertake due diligence or investigation or authenticate and verify whatsoever regarding Profiled Issuers or any Content posted in relation thereto and we do not receive any verification from the Profiled Issuer regarding the Content we disseminate. Similarly, while we endeavor to facilitate the provision of quality information, we are not responsible for any loss or damages caused or alleged to have been caused by its use nor verify or authenticate or update such information.

Pursuant to an agreement between Spotlight Media Corp. and The BC Bud Co. we have been hired for a period of 180 days beginning February 15, 2023 and ending August 15, 2023 to publicly disseminate information about The BC Bud Co. including on the Website and other media including Facebook and Twitter. We are being paid $2,200 per month The BC Bud Co. and were paid “ZERO” shares common shares. We hold “ZERO” shares common shares. We will not sell or purchase shares during the Term. We reserve the right to buy or sell shares after the Term in accordance with State and Federal securities laws. See “Disclosures” below which is to be read in conjunction with this release.

This article contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs regarding future performance are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “expects”, “does not expect”, “is expected”, “believes”, “intends”, “anticipates”, “does not anticipate”, “believes” or variations of these words, expressions or statements, that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, will occur or will be realized. Such forward-looking statements involve risks, uncertainties and other known and unknown factors that could cause actual results, events or developments to differ materially from the results, events or developments expected and expressed or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, dependence on obtaining and maintaining regulatory approvals, including the acquisition and renewal of federal, provincial, state, municipal, local or other licenses, and any inability to obtain all necessary government authorizations, licenses and permits to operate and expand the Company’s facilities; regulatory or policy changes such as changes in applicable laws and regulations, including federal, state and provincial legalization, due to fluctuations in public opinion, industry perception of integrative mental health, including the use of psychedelic-assisted therapy, delays or inefficiencies or any other reason; any other factor or development likely to hamper the growth of the market; the Company’s limited operating and profitability track record; dependence on management; the Company’s need for additional financing and the effects of financial market conditions and other factors on the availability of capital; competition, including that of more established and better funded competitors; the impact of the Russia-Ukraine conflict on the global economy; the continued impact of the COVID-19 pandemic; and the need to build and maintain alliances and partnerships, including with research and development companies, customers and suppliers. These factors should be carefully considered, and readers are cautioned not to place undue reliance on forward-looking statements. Despite the Company’s efforts to identify the main risk factors that could cause actual measures, events or results to differ materially from those described in forward-looking statements, other risk factors may cause measures, events or developments to materially differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company does not undertake to revise forward-looking statements, even if new information becomes available as a result of future events, new facts or any other reason, except as required by applicable laws

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Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Technical420.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

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