Cannabis company Ascend Wellness draws a buy rating at Viridian Capital
Viridian Capital on Tuesday initiated coverage of Ascend Wellness with a buy rating and a $5.15 price target as a beneficiary of adult cannabis sales in New Jersey starting on Thursday. Analyst Jonathan DeCourcey said Ascend Wellness trades at a discount to other cannabis multi-state operators (MSOs) partly because its stock debut in May, 2021 came after the market peak for cannabis stocks; also because of its legal dispute over its acquisition of MedMen's business in New York State. "Ascend... Читать дальше...