Columbia Care: Massive Cannabis MSO On The Cheap

 

  • Columbia Care continues to build into a massive MSO with 2021 revenue guidance at $515 million and 2020 analyst estimates topping $750 million.
  • The MSO has a strong position in the combined $8 billion market opportunity in New York and New Jersey.
  • The stock trades at less than 3x 2022 revenue targets.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
Along with the general cannabis multi-state operator space in the U.S., Columbia Care (OTCQX:CCHWF) has seen a pullback in the last few months. The stock is down ~$2 as the excitement surrounding federal cannabis legalization has faded recently. For this reason, my investment thesis remains very bullish on the MSO building into one of the leading players in the sector.

Read the full article on Seeking Alpha. 


Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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