Maryland Scores, Ohio set for Nov. Ballot
ATB also resumed coverage of US Cannabis.
Daily Recap
It was a mixed session for cannabis stocks following the 4th of July holiday/ Monday’s sharp rally to start the third quarter. $33M notional* changed hands for U.S. plant-touching operators; the U.S. Cannabis ETF MSOS finished down 2.8% (-13.9% YTD).
ATB resumed coverage of the U.S cannabis space (details below) along with two sets of multiples (one predicated on the status quo, the other on federal regulatory reform).
Maryland scored more than $10 million on opening weekend (decent for a movie more for a weed) and looks like cannabis will be on the November ballot for THE Ohio State.
TerrAscend is trading on the Toronto Stock Exchange (Mazel), Curaleaf bought an EU-GMP certified processing facility in Portugal from Clever Leaves, and Canopy Growth got it’s second zero point zero price target, this time from Eight Capital.
POP QUIZ: which do you prefer?
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