Leading US Cannabis Operator Gets Buy Rating Amid Strategic Divestment And Growth Initiative
In an assessment by Canaccord Genuity (OTC:CCORF) published Monday, Cannabist Company Holdings (OTC:CBSTF) has maintained its Buy rating with a targeted price point of C$1.00, as confirmed by analyst Martin Roberge. This valuation stems from the company’s calculated divestitures and a sharp focus on core growth opportunities, projecting a trajectory that should captivate investor interest.
Cannabist Divests Florida Assets
Roberge’s endorsement aligns with Cannabist’s recent strategic maneuvers to streamline operations and optimize its asset portfolio, reports TipRanks. These moves are designed to consolidate efforts and resources into more lucrative markets and operational efficiencies. For instance, the company offloaded its Florida-based 40,000-square-foot cultivation facility …