Streetbeat News

CCHWF

Columbia Care Inc

Industry

Medicinal and Botanical Manufacturing

Open

1.19

Mkt cap

521M

Volume

2.9M

High

1.25

P/E Ratio

-1.12

52-wk high

2.06

Low

0.93

Div yield

N/A

52-wk low

0.36

A recent poll indicates that 50% of Utahns support the legalization of recreational marijuana, showing a shift in public opinion. Utah's cannabis market, currently limited by strict regulations, presents significant potential for investors if laws change. Companies like Curaleaf and Columbia Care are active in Utah's medical cannabis market.

Portfolio Pulse from Nicolás Jose Rodriguez

October 22, 2024 | 8:43 pm

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.

Portfolio Pulse from Nicolás Jose Rodriguez

October 11, 2024 | 8:58 pm

Cresco Labs CEO Charlie Bachtell discusses the challenges and strategies in the cannabis industry, emphasizing the need for efficiency and adaptability. Cresco Labs is focusing on its core business and preparing for potential regulatory shifts in states like Florida, Ohio, and Pennsylvania.

Portfolio Pulse from Jelena Martinovic

October 09, 2024 | 7:05 pm

The article discusses key trends in the cannabis market across various states ahead of the second quarter earnings season. It highlights the performance of major players like Trulieve, Verano, Curaleaf, Green Thumb, Cresco, Ascend, and Columbia Care in states such as Florida, Illinois, Pennsylvania, Arizona, Maryland, New Jersey, Ohio, and Michigan. Federal reform expectations, IRS news on 280E, refinancing potential, and M&A strategies are identified as main drivers of sentiment.

Portfolio Pulse from Nicolás Jose Rodriguez

August 07, 2024 | 1:46 am

Pennsylvania's budget approval excludes recreational cannabis legalization, impacting Jushi Holdings and TILT Holdings. Both companies had invested heavily in anticipation of legalization. Jushi's stock declined, while TILT's stock saw a slight increase. The news highlights the importance of state-level decisions for the cannabis industry.

Portfolio Pulse from Nicolás Jose Rodriguez

July 16, 2024 | 2:06 am

New Lake Capital Partners (OTC:NLCP) has seen an 11% rise in stock price over the past 90 days due to strategic investments in cannabis-focused real estate. The company recently invested $16 million in a Connecticut property, expanding its portfolio to 31 properties valued at $385 million. Key tenants include Curaleaf, Cresco Labs, Trulieve, and others. NLCP's financial health is bolstered by a strong cash position, a recent dividend increase, and a competitive valuation compared to peers like Innovative Industrial Properties (NYSE:IIPR).

Portfolio Pulse from Nicolás Jose Rodriguez

June 21, 2024 | 1:01 pm

Cresco Labs (OTC:CRLBF) is highlighted as a top multi-state operator (MSO) in the cannabis industry with strong financial performance and significant growth potential, especially if states like Ohio, Pennsylvania, and Florida legalize recreational cannabis. The company has shown substantial improvement in its financial metrics and is trading at an attractive valuation compared to peers.

Portfolio Pulse from Nicolás Jose Rodriguez

June 13, 2024 | 1:37 am

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.

Portfolio Pulse from Nicolás Jose Rodriguez

May 30, 2024 | 7:07 pm

Vice President Harris has urged the DEA to expedite the rescheduling of cannabis, a move analyzed by Zuanic & Associates as a potential turning point in national drug policy. The report covers implications of rescheduling, FDA oversight, and the effects on the cannabis industry, including banking access and stock exchange listings. Pablo Zuanic predicts a 51% chance of DEA rescheduling cannabis, which previously spurred a market surge, notably benefiting the MSOS ETF and companies like StateHouse, Columbia Care, Jushi, and AYR Wellness.

Portfolio Pulse from Nicolás Jose Rodriguez

March 21, 2024 | 3:47 pm

BJ Carretta, a marketing and media veteran with a diverse career spanning TV, sports, music, and now cannabis, is currently the senior VP at TerrAscend Corp. He will be sharing insights on cannabis brand building at the Benzinga Cannabis Market Spotlight: California. Carretta's journey includes significant roles at NBC Universal Television Distribution, NBC Sports Group, Fender Musical Instruments Corporation, MedMen Enterprises Inc., and The Cannabist Company Holdings Inc. His expertise in marketing and brand development is recognized in the cannabis industry.

Portfolio Pulse from Jelena Martinovic

February 22, 2024 | 3:39 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.