Ayr Wellness Inc C.AYR.A

Echelon Capital

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Equity analysts at Echelon Capital Markets added a pair of stocks to their “Top Picks Portfolio” for the second quarter of the year.

The list now contains 16 companies.

“We unfortunately report that Echelon’s Top Picks Portfolio underperformed for Q122 with a decline of 7.6 per cent while the S&P/TSX Composite and S&P/TSX Small Cap Indices returned 3.8 per cent and 8.4 per cent, respectively,” they said. “Our performance was within the context of the Russell 2000 Index declining 7.5 per cent for the quarter as it underperformed the larger cap S&P 500 return of negative 4.6 per cent.

“We note that our lack of exposure to oil and gas impacted our relative performance. Energy companies within the S&P/TSX Small Cap index were up an average of 45.7 per cent for the quarter where they closed the year with a weighting at 20.3 per cent of the index. Our negative 7.6-per-cent return compares to the broader TSX Venture Composite Index return of negative 5.0 per cent.”

Returning stocks are: Silver X Mining Corp. ; BSR REIT (HOM.U-T); RediShred Capital Corp. ; Calian Group Ltd. (CGY-T); CloudMD Software & Services Inc. ; Converge Technology Solutions Corp. ; Quisitive Technology Solutions Corp. ; Osino Resources Corp. ; Pan Global Resources Inc. ; Quipt Home Medical Corp. ; Diagnos Inc. ; Verano Holdings Corp. (VRNO-CN); Ayr Wellness Inc.  and E3 Metals Corp.