MSOs

In his latest note, senior analyst Pablo Zuanic from equity research firm Zuanic & Associates assesses the valuation of US Multi-State Operators (MSOs) in the cannabis sector. Apples-To-Apples: A Nuanced Comparison Zuanic emphasizes potential federal regulatory shifts, such as rescheduling and...

Is the cannabis industry losing steam or gaining momentum? According to a report by analyst Pablo Zuanic at research firm Z&A, a comprehensive analysis of sales trends across 17 states reveals a wide variance in the cannabis industry's performance. While seven states witnessed a sequential...

The chart shows analyst estimates of EBITDA margins for the second quarter vs. the first quarter and the 2nd quarter of 2022 for the fourteen largest MSOs for which we have consistent analyst projections. The blue bars show Q1 23 EBITDA margins; the red bars show Q2: 23 projected EBITDA...

In honor of Independence Day, the Viridian Capital Chart of the Week explores the impact of IRS Rule 280e, the most egregious tax leveled on any American industry, posing an existential threat to even some of the largest MSOs. We collected consensus estimates of 2023 cash flow from operations and...

The graph depicts consensus analyst expectations for the ten largest MSOs that have consistent 2023 and 2024 estimates, including Curaleaf (OTC: CURLF), Green Thumb (OTC: GTBIF), Verano (OTC: VRNOF), Trulieve (OTC: TRUL), Cresco (OTC: CRLBF), TerrAsced (OTC: TRSSF), Columbia (OTC: CCHWF), Ascend (...

Vertically integrated cannabis company Harvest Health & Recreation Inc (OTC: HRVSF) said Monday it will acquire Chicago-based peer Verano Holdings in an all-stock deal worth $850 million. This is the second acquisition announced by Harvest Health & Recreation in the last month. Verano,...