Cansortium Inc (OTC: CNTMF) is a vertically built-in multistate operator that’s well-positioned for “dramatic enlargement,” in accordance with Canaccord Genuity.
Bobby Burleson initiated protection of Cansortium’s Canada-listed inventory with a Speculative Purchase ranking and $2.50 worth goal.
Cansortium’s focus is on the medical cannabis area in Florida, the place it oversees 11 dispensaries and is taken into account a “giant participant” within the regulated cannabis market, Burleson stated within the Friday initiation observe. (See his monitor document right here.)
The corporate’s market share in Florida is prone to enhance from 6% in 2019 to 11% in 2020, with plans to open 19 extra shops by the tip of the yr, the analyst stated.
A part of the expansion story comes from Cansortium’s enlargement potential in new markets, Burleson stated.
The corporate ought to see preliminary contributions from the province…
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