There’s been a little lift to cannabis stocks of late, but oveall, the sector remains depressed and waiting on movement at the US federal level on legalizing cannabis. Until that day arrives, investors still have plenty to mull over on the US side, with plenty of multi-state operators expanding their empires across the nation.
For those interested in the space, Beacon Securities has just reiterated “Buy” ratings on three stocks, all of which have a significant presence in the huge medical pot market in Florida.
Beacon Securities analysts Doug Cooper and Russell Stanley delivered a Sunshine State update on Monday, focusing on Curaleaf, Verano Holdings and Ayr Wellness. Cooper and Stanley said flower volume sales in Florida were up ten per cent sequentially over the second quarter, according to state industry data, while oil-based product sales volumes were up 11 per cent sequentially. The number of…
