Top Ohio Cannabis Companies: Analyst Look At Stocks With Potential Market Cap Gains
Portfolio Pulse from Nicolás Jose Rodriguez
Senior analyst Pablo Zuanic projects significant growth in Ohio's cannabis market as it transitions to adult-use recreational sales by July 2024. The market could grow fourfold within a year, reaching $2.3 billion. Publicly traded multi-state operators (MSOs) like Vext, Acreage, Cannabist, and Ascend are identified as having high potential for market cap gains.
May 30, 2024 | 7:07 pm
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Ascending
POSITIVE IMPACT
Ascend is projected to see a 62% increase in value as Ohio's cannabis market transitions to recreational sales.
Ascend is identified as having notable potential for market cap valuation creation, with a projected 62% increase in value.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Acreage is projected to see a 275% increase in value as Ohio's cannabis market transitions to recreational sales.
Acreage is identified as having significant potential for market cap valuation creation, with a projected 275% increase in value.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cannabist is projected to see a 185% increase in value as Ohio's cannabis market transitions to recreational sales.
Cannabist is identified as having substantial potential for market cap valuation creation, with a projected 185% increase in value.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Cresco could benefit from Ohio's cannabis market growth, particularly in the wholesale market.
Cresco has outperformed in wholesale market share in other states, which could apply to Ohio as well.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Green Thumb could benefit from Ohio's cannabis market growth, particularly in the wholesale market.
Green Thumb has outperformed in wholesale market share in other states, which could apply to Ohio as well.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
MariMed could benefit from Ohio's cannabis market growth, particularly in the wholesale market.
MariMed has outperformed in wholesale market share in other states, which could apply to Ohio as well.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Vext is projected to see a 471% increase in value as Ohio's cannabis market transitions to recreational sales.
Vext is identified as having the highest potential for market cap valuation creation among Ohio's MSOs, with a projected 471% increase in value.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100