Here’s Why You Should Consider Buying Goodness Growth Holdings (GDNSF) Shares

Mindset Value Cannabis Fund, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. The fund fell 15% in less than two months during the last quarter of 2021, and then instead of a January bounce, it fell another 7%.  Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Mindset Value Cannabis Fund, in its Q4 2021 investor letter, mentioned Goodness Growth Holdings, Inc. (NYSE:GDNSF) and discussed its stance on the firm. Founded in 2004, Goodness Growth Holdings, Inc. (NYSE:GDNSF) is a Minneapolis, Minnesota-based pharmaceutical company with a $248.7 million market capitalization, and is currently spearheaded by its CEO, Kyle Kingsley, M.D. Goodness Growth Holdings, Inc. (NYSE:GDNSF) delivered a 17.27% return since the beginning of the year, while its 12-month returns are down by -30.37%. The stock closed at $2.0054 per share on March 17, 2022.

Here is what Mindset Value Cannabis Fund’s Fund has to say about Goodness Growth Holdings, Inc. (NYSE:GDNSF) in its Q4 2021 investor letter:

“On February 1st, things changed for the better. Our portfolio increased 9% in one day. The big driver was that one of our holdings, Goodness Growth (OTC: GDNSF) was acquired. We were expecting this announcement, as my research (with an assist from another money manager) had turned up a peculiar filing last October that showed that terms of a sale/leaseback transaction were redacted for “commercial purposes.” Further due diligence led us to believe that Goodness was negotiating with two companies, one of which was Verano (OTC: VRNOF), which ended up buying Goodness.

Goodness increased by 42% on the announcement, and this was goodness for us as 10% of our portfolio was invested in Goodness before the news hit.

Goodness is particularly valuable for its licenses. Not only is its New York license valuable due to it being a limited license state, but so is its Minnesota license, which remarkably only has two licensed operators for a state of over 5 million people.”

Copyright: stokkete / 123RF Stock Photo

Our calculations show that Goodness Growth Holdings, Inc. (NYSE:GDNSF) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Goodness Growth Holdings, Inc. (NYSE:GDNSF) delivered a 51.92% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.