- AWWH is one of the premier multi-state operators (MSOs) in the high-growth U.S. cannabis industry with operations in IL, MA, MI, NJ, OH, and NY.
- Growth over the next two years will be fueled by expansion efforts in IL and MA, and the launch of adult-use sales in NJ (late 2021) and NY (2023).
- Shares are trading at 8.1x FY22 EBITDA, which is very attractive considering the company’s top-line growth (+135% in FY21) and EBITDA margin profile (+26% in FY21).
- AWWH shares are likely to rally upon uplisting from the OTC or the federal legalization of cannabis. On a fundamental basis, we see over 100%-300% upside.
For further details see:
Ascend: An Easy Climb Up, 100%-300% Upside For This U.S. Cannabis Stock