Verano Holdings: Near-Term Potential Regulatory Change Would Unlock Significant Value [Seeking Alpha]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: Seeking Alpha
Rescheduling will nearly double Verano's FCF given the removal of the 280E tax burden. Verano is a leading U.S. cannabis multi-state operator (MSO) and a preferred investment option to benefit from the rescheduling of cannabis given their best-in-class margin profile and undemanding valuation. The lack of institutional capital in the cannabis sector and the dominance of retail investors presents a unique opportunity for investors to capitalize on the misunderstood news. Editor's note: Seeking Alpha is proud to welcome FR Research as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Thesis Overview On 4/30/24 the Department of Justice (“DOJ”) confirmed after a leak from the Associated Press (“AP”) that they have recommended cannabis be rescheduled from a Schedule 1 to a Schedule III drug. This
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News
- Canopy Growth Corporation (CGC) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Investors Heavily Search Canopy Growth Corporation (CGC): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Forbes Daily: Marijuana Stocks High On Declassification Announcement [Forbes]Forbes
- Strength Seen in Canopy Growth (CGC): Can Its 11.0% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- Marijuana Reclassification Bid Sends Cannabis Stocks Soaring [Forbes]Forbes
CGC
Earnings
- 2/9/24 - Miss
CGC
Sec Filings
- 5/14/24 - Form EFFECT
- 5/13/24 - Form 424B3
- 5/13/24 - Form 424B3
- CGC's page on the SEC website