How To Buy And Sell Distressed Assets: Find Out At The Most Important Conference For Cannabis Investors
Portfolio Pulse from Nicolás Jose Rodriguez
The upcoming Benzinga Cannabis Capital Conference will discuss the trend of distressed assets in the cannabis sector, with companies shifting from a vertical integration model to an asset-light approach. This is exemplified by firms like Aurora (NASDAQ:ACB), Canopy Growth (NASDAQ:CGC), and Cronos Group (NASDAQ:CRON) departing from the Hemp and CBD market in the U.S. Additionally, Parallel, a cannabis operator, is in a legal dispute with cannabis REIT IIP (NYSE:IIPR) over an $8.5 million debt.
August 30, 2023 | 4:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Aurora is shifting from a vertical integration model to an asset-light approach, departing from the Hemp and CBD market in the U.S.
The shift to an asset-light approach could indicate financial distress or a strategic move to improve profitability. However, this could also mean a reduction in market presence in the Hemp and CBD market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Canopy Growth is shifting from a vertical integration model to an asset-light approach, departing from the Hemp and CBD market in the U.S.
The shift to an asset-light approach could indicate financial distress or a strategic move to improve profitability. However, this could also mean a reduction in market presence in the Hemp and CBD market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Cronos Group is shifting from a vertical integration model to an asset-light approach, departing from the Hemp and CBD market in the U.S.
The shift to an asset-light approach could indicate financial distress or a strategic move to improve profitability. However, this could also mean a reduction in market presence in the Hemp and CBD market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Cannabis REIT IIP is in a legal dispute with cannabis operator Parallel over an $8.5 million debt.
The legal dispute over a substantial debt could negatively impact IIP's financials and reputation in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90