Wasatch Global Investors, an investment management firm, published its “Wasatch Micro Cap Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 14.74% was recorded by the fund’s investor class for the Q1 of 2021, trailing the benchmark, Russell Microcap® Index, which leapt 23.89% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Micro Cap Value Fund, in its Q1 2021 investor letter, mentioned Vireo Health International, Inc. (NYSE: VREOF), and shared their insights on the company. Vireo Health International, Inc. is a Minneapolis, Minnesota-based pharmaceutical company that currently has a $287.4 million market capitalization. Since the beginning of the year, VREOF delivered a 54.56% return, extending its 12-month gains to 366.67%. As of May 07, 2021, the stock closed at $2.27 per share.
Here is what Wasatch Micro Cap Value Fund has to say about Vireo Health International, Inc. in its Q1 2021 investor letter:
“The top contributor to Fund performance during the first quarter was Vireo Health International, Inc. (VREOF), a pharmaceutical company that cultivates medical cannabis and manufactures pharmaceutical-grade cannabis products. Vireo has licenses for distribution in the states of New York and Minnesota. The stock was up on news that politicians in both states appeared likely to be in favor of allowing expanded use of cannabis products. During the quarter, we exited our position in Vireo at the higher valuation.”
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Our calculations show that Vireo Health International, Inc. (NYSE: VREOF) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. VREOF delivered a -33.91% return in the past 3 months.
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