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Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>Global equities fell last week, as investors digested the latest CPI data and debt ceiling news. The MSCI World Index dropped 0.51%, while the S&amp;P 500 fell 0.25%.</li><li>The small-cap Russell 2000 slid 1.00%, while the NASDAQ bucked the trend and gained 0.40%.</li><li>After two strong weeks, cannabis stocks got crushed. The MSOS ETF ended -17.71% and blue-chip operator Trulieve was down 29.02% last week.</li></ul>

Global equities fell last week, as investors digested the latest CPI data and debt ceiling news. The MSCI World Index dropped 0.51%, while the S&amp;P 500 fell 0.25%.The small-cap Russell 2000 slid 1.00%, while the NASDAQ bucked the trend and gained 0.40%.After two strong weeks, cannabis stocks got crushed. The MSOS ETF ended -17.71% and blue-chip operator Trulieve was down 29.02% last week.

The Highlights : Cannabis News for the Week Ending May 12, 2023

<ul><li>It was a good week for most global equities, with the MSCI World Index and the S&amp;P 500 gaining 1.77% and 1.57%, respectively.</li><li>However, the small-cap Russell 2000 and the NASDAQ dropped 1.83% and 0.66%, respectively, as investors digested a mixed bag of corporate earnings.</li><li>Cannabis stocks broke a seven-week losing streak and the MSOS ETF surged 6.87% this week.</li></ul>

It was a good week for most global equities, with the MSCI World Index and the S&amp;P 500 gaining 1.77% and 1.57%, respectively.However, the small-cap Russell 2000 and the NASDAQ dropped 1.83% and 0.66%, respectively, as investors digested a mixed bag of corporate earnings.Cannabis stocks broke a seven-week losing streak and the MSOS ETF surged 6.87% this week.

The Highlights : Cannabis News for the Week Ending April 28, 2023

<ul><li>Broad equity indexes remained range-bound, as the S&amp;P 500 and the MSCI World Index ended the week -0.06% and +0.07%, respectively.</li><li>The S&amp;P 500 has been stuck between 4,070 and 4,170 for the past three weeks.</li><li>Small caps finished slightly better, with the Russell 2000 up 0.59% from last week.</li></ul>

Broad equity indexes remained range-bound, as the S&amp;P 500 and the MSCI World Index ended the week -0.06% and +0.07%, respectively.The S&amp;P 500 has been stuck between 4,070 and 4,170 for the past three weeks.Small caps finished slightly better, with the Russell 2000 up 0.59% from last week.

The Highlights : Cannabis News for the Week Ending April 21, 2023

<ul><li>Broad equity indexes booked their fourth straight week of positive returns, with the MSCI World Index and the S&amp;P 500 up 1.23% and 0.79%, respectively.</li><li>Small caps followed suit, with the Russell 2000 gaining 1.48% this week.</li><li>Cannabis stocks slid for the sixth straight week, with the MSOS ETF declining 0.56%. It was shaping up to be a good week until the MSOS ETF fell 3.97% on Friday.</li></ul>

Broad equity indexes booked their fourth straight week of positive returns, with the MSCI World Index and the S&amp;P 500 up 1.23% and 0.79%, respectively.Small caps followed suit, with the Russell 2000 gaining 1.48% this week.Cannabis stocks slid for the sixth straight week, with the MSOS ETF declining 0.56%. It was shaping up to be a good week until the MSOS ETF fell 3.97% on Friday.

The Highlights : Cannabis News for the Week Ending April 14, 2023

<ul>
<li>Stock indexes finished the holiday-shortened week almost exactly flat, as the MSCI World Index and the S&amp;P 500 ended at 0.01% and -0.05%, respectively.</li>
<li>Smalls caps followed suit, with the Russell 2000 down 0.01%.</li>
<li>As has been the trend lately, cannabis stocks declined. The US cannabis-focused MSOS ETF dropped 6.36%, led by Curaleaf (CSE: CURA, OTCQX: CURLF), which was down 15.35%.</li>
</ul>


Stock indexes finished the holiday-shortened week almost exactly flat, as the MSCI World Index and the S&amp;P 500 ended at 0.01% and -0.05%, respectively.
Smalls caps followed suit, with the Russell 2000 down 0.01%.
As has been the trend lately, cannabis stocks declined. The US cannabis-focused MSOS ETF dropped 6.36%, led by Curaleaf (CSE: CURA, OTCQX: CURLF), which was down 15.35%.


The Highlights : Cannabis News for the Week Ending April 7, 2023

United States

The MSCI World Index is a free-float weighted equity index. It was developed with a base value of 100 as of December 31, 1969. MXWO includes developed world markets, and does not include emerging markets. MXWD includes both emerging and developed markets.

MSCI World Index (MXWO INDEX)

The Highlights : Cannabis News for the Week Ending May 12, 2023

After two strong weeks, cannabis stocks got crushed. The MSOS ETF ended -17.71% and blue-chip operator Trulieve was down 29.02% last week.

Water Tower Research

The Highlights : Cannabis News for the Week Ending April 28, 2023

It was a good week for most global equities, with the MSCI World Index and the S&P 500 gaining 1.77% and 1.57%, respectively.

Water Tower Research

The Highlights : Cannabis News for the Week Ending April 21, 2023

Broad equity indexes remained range-bound, as the S&P 500 and the MSCI World Index ended the week -0.06% and +0.07%, respectively.

Water Tower Research

The Highlights : Cannabis News for the Week Ending April 14, 2023

Broad equity indexes booked their fourth straight week of positive returns, with the MSCI World Index and the S&P 500 up 1.23% and 0.79%,...

Water Tower Research

The Highlights : Cannabis News for the Week Ending April 7, 2023

Stock indexes finished the holiday-shortened week almost exactly flat, as the MSCI World Index and the S&P 500 ended at 0.01% and -0.05%,...

Water Tower Research