EBITDA Growth And Multi-State Opportunities In Key States Going Legal: Zuanic & Associates' Insights
Portfolio Pulse from Nicolás Jose Rodriguez
Zuanic & Associates' report predicts significant EBITDA growth and market cap increases for cannabis companies in key U.S. states moving towards legal recreational cannabis sales by 2025. The report highlights potential EBITDA upside for market leaders like Curaleaf, Green Thumb, Verano, and Trulieve, and substantial market cap gains for emerging players such as Cannabist and Jushi Holdings. Established operators like Acreage Holdings, Ayr Wellness, Cresco Labs, Ascend Wellness, and Green Thumb are also expected to see market cap increases. Goodness Growth Holdings is noted for its potential in Minnesota. A repeal of Tax Rule 280E could further benefit the sector by reducing effective tax rates.
November 21, 2023 | 11:57 pm
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POSITIVE IMPACT
Acreage Holdings, Inc. is projected to have about a 500% market cap increase, with Ohio being a key market for expansion.
Acreage Holdings' significant market cap upside in Ohio suggests a positive short-term impact on its stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Ayr Wellness Inc. is expected to benefit from a 500% market cap increase, with opportunities in Pennsylvania, Ohio, and Florida.
Ayr Wellness' presence in several states with growing markets indicates a positive short-term impact on its stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Cresco Labs Inc. is projected to see around a 100% market cap increase, with Pennsylvania being a significant market for growth.
Cresco Labs' expected market cap increase in Pennsylvania suggests a positive short-term impact on its stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Curaleaf is projected to see significant EBITDA growth, with a potential market cap increase, especially in Florida.
Curaleaf's strong positioning in key states like Florida, which has high per capita spending, suggests a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Goodness Growth Holdings, Inc. has notable potential in Minnesota, with substantial EBITDA growth expected.
Goodness Growth's potential in Minnesota suggests a positive short-term impact on its stock price due to expected EBITDA growth.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Green Thumb Industries is expected to experience EBITDA growth and a market cap increase of about 80%, with opportunities in Virginia, Minnesota, and Pennsylvania.
Green Thumb's presence in multiple states with expanding markets positions it well for stock price appreciation in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Jushi Holdings Inc. could see over a 600% increase in market cap, benefiting from expansions in Virginia, Pennsylvania, and Ohio.
Jushi Holdings' significant market cap upside in several states indicates a strong short-term growth potential for its stock.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Vext Science, Inc. is expected to benefit from significant market expansion in Ohio.
Vext Science's positioning in Ohio's expanding market indicates a positive short-term impact on its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 65
POSITIVE IMPACT
Verano Holdings Corp. is positioned for EBITDA growth, with Florida being a key state for its market cap increase.
Verano Holdings' strong presence in Florida, a state with high per capita spending, suggests a positive short-term impact on its stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80