Why Cannabis Investors Should Make This Bold Move Before Florida's Vote: What To Buy And Sell Now
Portfolio Pulse from Nicolás Jose Rodriguez
As Florida's vote on recreational cannabis approaches, investors are advised to consider buying AYR Wellness due to its strong presence in Florida and a 20% yield. Cresco Labs is recommended over Curaleaf for a yield upgrade, while TerrAscend is suggested as a sell due to lower yield and exposure. Cannabist faces liquidity issues.
October 11, 2024 | 8:58 pm
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NEGATIVE IMPACT
Cannabist faces liquidity challenges, making it a risky investment despite potential future improvements.
Cannabist has liquidity concerns following recent asset sales, which may limit its near-term upside despite potential future improvements.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Curaleaf is suggested as a sell in favor of Cresco Labs due to a lower yield.
Curaleaf offers a lower yield of 10.1% compared to Cresco Labs' 12.6%, making it less attractive for investors seeking higher returns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
TerrAscend is recommended as a sell due to its lower yield and reduced exposure to Florida's growth potential.
TerrAscend offers a 12% yield, which is lower than AYR's 20%, and has less exposure to Florida's potential market growth.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 65
POSITIVE IMPACT
AYR Wellness is positioned to benefit significantly from Florida's potential legalization of recreational cannabis, offering a 20% yield.
AYR Wellness has a strong presence in Florida's cannabis market. If recreational cannabis is legalized, AYR's valuation could increase significantly, making it a strategic buy.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Cresco Labs is recommended for purchase over Curaleaf due to a higher yield and solid financials.
Cresco Labs offers a 12.6% yield, which is higher than Curaleaf's 10.1%, backed by solid financials and credit improvement.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70