MMJ Group Holdings Ltd shares outperform benchmark in December on valuation uplift for cannabis investments

by Newsfeed


MMJ’s positive performance was principally due to revaluation of its investments in Weed Me and Southern Cannabis Holdings.

’s  () () (FRA:2P9) shares outshined the benchmark Alternative Harvest ETF in the month of December by rising 8% compared to a negative 10% for the benchmark.

The benchmark consists of listed North American cannabis securities.

MMJ’s positive performance was principally due to revaluation of its investments in Weed Me and Southern Cannabis Holdings.

With 76% of the MMJ portfolio in unlisted cannabis securities, the rerating of the listed markets provides some optimism for valuation uplifts when the unlisted investees (principally Embark Health) achieve public listing.

The Australian share market recognised the positive momentum during the December quarter with the MMJ share price…



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