The King Of Ohio's Recreational Cannabis Market? Here's Why Investors Should Follow This Weed Stock
Portfolio Pulse from Nicolás Jose Rodriguez
As Ohio begins recreational cannabis sales on August 6, Pablo Zuanic of Zuanic & Associates has initiated coverage of Vext Science (OTC:VEXTF) with an Overweight rating, citing significant growth potential. Zuanic projects Vext's EBITDA could grow six-fold by CY26. The Ohio market is expected to reach $2.36 billion by 2026. Despite trading in line with the MSO average, Vext's stock valuation does not yet reflect the expected EBITDA ramp. Other MSOs mentioned include Acreage (OTCQX:ACRHF), Cannabist (CSE:CCHW), Ascend (OTC:AAWH), Cresco (OTC:CRLBF), Green Thumb (OTCQX:GTBIF), and MariMed (OTCQB:MRMD).
August 05, 2024 | 11:52 pm
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NEUTRAL IMPACT
Ascend is projected to see a 62% increase in value creation, which is lower than other MSOs mentioned.
Ascend's projected value creation increase of 62% is relatively low compared to other MSOs, leading to a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Acreage is mentioned as having a projected value creation increase of 275%, which is lower than Vext's 471%, but still significant.
Acreage's projected value creation increase of 275% is significant, though not as high as Vext's. This positive outlook could lead to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Cannabist is projected to see a 185% increase in value creation, which is notable but lower than Vext's projection.
Cannabist's projected value creation increase of 185% is positive, though not as high as Vext's. This could lead to a short-term price increase.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Cresco is mentioned as a consistently outperforming MSO in other states, with potential for similar performance in Ohio.
Cresco's consistent outperformance in other states and potential for similar success in Ohio could lead to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Green Thumb is mentioned as a consistently outperforming MSO in other states, with potential for similar performance in Ohio.
Green Thumb's consistent outperformance in other states and potential for similar success in Ohio could lead to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
MariMed is mentioned as a consistently outperforming MSO in other states, with potential for similar performance in Ohio.
MariMed's consistent outperformance in other states and potential for similar success in Ohio could lead to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Pablo Zuanic of Zuanic & Associates has initiated coverage of Vext Science with an Overweight rating, projecting significant EBITDA growth and highlighting the company's strong position in the expanding Ohio market.
The Overweight rating and projected six-fold EBITDA growth by a reputable analyst, combined with the expansion of the Ohio market, are likely to positively impact Vext Science's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100