Is Goodness Growth (GDNSF) a Smart Long-Term Buy?

Mindset Value Wellness, an investment management firm, published its third-quarter 2022 investor letter – a copy of which can be downloaded here. The Mindset Value Wellness Fund lost 5.2% in Q3 and is now down 53% year to date. The fund is up more in October than it lost in the third quarter, but is currently down 44% for the year. Try to spare some time to check the fund’s top 5 holdings for you to have an idea about their best stock picks this 2022.

In its Q3 2022 investor letter, Mindset Value Wellness Fund mentioned Goodness Growth Holdings, Inc. (NYSE:GDNSF) and explained its insights for the company. Founded in 2004, Goodness Growth Holdings, Inc. (NYSE:GDNSF) is a Minneapolis, Minnesota-based pharmaceutical company with a $33.6 million market capitalization. Goodness Growth Holdings, Inc. (NYSE:GDNSF) delivered a -84.62% return since the beginning of the year, while its 12-month returns are down by -80.81%. The stock closed at $0.26 per share on December 12, 2022.

Here is what Mindset Value Wellness Fund has to say about Goodness Growth Holdings, Inc. (NYSE:GDNSF) in its Q3 2022 investor letter:

“We also now own a large position in Goodness Growth (NYSE:GDNSF), which after the termination of the merger with Verano, went from being a prized asset to an afterthought by investors focused on the so-called “Tier 1” companies. At a market cap of approximately $55 million, we think it is very undervalued on an asset basis and wrote a post about it. The idea that we can invest in a company with licenses in New York, Minnesota, Maryland and New Mexico, states that represent 10% of the US population, for less than $60 million with some interesting patents sprinkled on top seems like a steal to me.”

Photo by Myriam Zilles on Unsplash

Our calculations show that Goodness Growth Holdings, Inc. (NYSE:GDNSF) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Goodness Growth Holdings, Inc. (NYSE:GDNSF) delivered a -77.62% return in the past 3 months. In March 2022, we also shared another hedge fund’s views on Goodness Growth Holdings, Inc. (NYSE:GDNSF) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.

Suggested Articles:

• 10 Best December Dividend Stocks To Buy 
• 15 Most Trusted Companies in the World
• Seth Klarman Stock Portfolio

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