For Cresco Labs, Curaleaf Holdings, and Green Thumb Industries, revenues are soaring. Jefferies recently initiated coverage for all three with buy ratings and ambitious price targets. It’s been said a hundred times: The legal cannabis industry in the U.S. is here to stay. Among all the mom-and-pop shops and the multi-state operators (MSOs), there are three companies that have been busy establishing large footprints across the country in anticipation of massive gains one day. Cresco Labs (OTC: CRLBF), Curaleaf Holdings (OTC: CURLF), and Green Thumb Industries (OTC: GTBIF) all hold licenses in multiple states as vertically integrated operators, covering all aspects of the business from cultivation operations to the retail chains that sell their cannabis products. All three also generated record revenues during 2020 and the first quarter of 2021, and are largely focused on limited-license states such as Virginia, Florida, and Pennsylvania, which reduces the competitive threats to their business in their key markets. And all are worth investors’ serious consideration.
420 Intel – Marijuana Industry News, 07/18/2021 20:00:00