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CNPOF - TerrAscend: Strong Q4 Results Not Enough To Justify Valuation
March, 01 2021 01:48 PM
Canopy Rivers
TerrAscend shares have gone up ~550% since the beginning of 2020 including ~30% in 2021 so far. The company has operations in only 3 states (PA, NJ, CA) which puts it at the lower tier among publicly-traded MSOs. The shares are valued significantly more expensive than other MSOs likely due to affiliation with Canopy Growth. We are Neutral on the stock mainly due to its expensive valuation; we prefer other MSOs that are cheaper with more advanced assets. For further details see:
TerrAscend: Strong Q4 Results Not Enough To Justify Valuation
Stock Information
Company Name:
Canopy Rivers
Stock Symbol:
CNPOF
Market:
OTC
Website:
rivcapital.com
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