CNTMF - Cansortium: Investor Meetings Highlight Favorable Turnaround
- Q1 results exceed our EBITDA estimates.
- Cultivation expansion is driving increased sales and share gains in Florida.
- Audit delays continue to be a hindrance. Confident that will have no impact on reported results.
- Continue to believe 2022 guidance is Conservative and leaves Room for Upside.
- Anticipate M&A news with the company still in play to be acquired as well as a likely seller of non-Florida assets in the near term to pay down onerous debt and fund growth. Most likely that will be Texas license.
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Cansortium: Investor Meetings Highlight Favorable Turnaround