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Fly News Breaks for February 14, 2020
ITHUF, HRVSF, ACRGF, AYRSF, CRLBF, CURLF, GTBIF, MMNFF, GGBXF, TCNNF
Feb 14, 2020 | 07:33 EDT
Cantor Fitzgerald analyst Pablo Zuanic launched coverage of 10 U.S. multi-state cannabis operators, saying the stocks are attractively valued with solid underlying industry fundamentals. He rates at Overweight Cresco Labs (CRLBF) and Trulieve Cannabis (TCNNF) and rates at Underweight Green Growth Brands (GGBXF). The analyst is Neutral on the rest of the space, but adds he will "keep an open mind." The Neutral ratings are on MedMen (MMNFF), Green Thumb Industries (GTBIF), Curaleaf Holdings (CURLF), Cresco Labs (CRLBF), Ayr Strategies (AYRSF), Acreage Holdings (ACRGF), Harvest Health & Recreation (HRVSF) and iAnthus (ITHUF). The current regulatory environment in key large U.S. "restricted" states provides a unique opportunity for multi-state operations to build out assets with a limited pool of competitors and be in a position of strength when full legalization comes, Zuanic tells investors in a research note. The boom and bust seen in Canadian stocks has, "unwarrantedly," dragged down U.S. MSOs and "masked strong underlying growth trends," contends the analyst. He believes this creates an attractive investment opportunity in the U.S. space.
News For TCNNF;GGBXF;MMNFF;GTBIF;CURLF;CRLBF;AYRSF;ACRGF;HRVSF;ITHUF From the Last 2 Days
TCNNF, GTBIF
Jun 24, 2022 | 11:49 EDT
In this week's "Rising High," The Fly's recurring series focused on cannabis and psychedelic stock news, The Fly looks back on a bid agreement, a productivity milestone and earnings. SUNDIAL ENTERS BID... To see the rest of the story go to thefly.com. See Story Here