GNRS - Key Trends Coming Out Of Q1 2022

April, 07 2022 12:34 PM Greenrose Acquisition Corp.

Q4 earnings reflected significant macro weakness. Challenges will persist in 1H but we feel concerns over growth outlook for industry are overblown.
Consolidation continues, and we expect further M&A is coming particularly in the absence of Safe Act catalyst.
All but biggest MSOs in position to be acquired.
Believe federal legislation is unlikely this year.
Stocks of smaller and medium-sized companies outperformed in Q1/22. Expect trend to continue on share gains and consolidation.
Despite poor overall stock returns, there were multiple big gainers amongst coverage.
Top picks for near term investment are: Harborside, Jushi, Lowell Farms, Planet 13, Schwazze, Ascend, Glasshouse and Unrivaled.

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