Haywood target and commentary
Gilmer pointed to the Gallup poll on US Marijuana Legalization Support which is currently at a record high of 68 per cent, with a party-based split of 83 per cent for Democrats, 71 per cent for Independents and only 50 per cent for Republicans. While Republican support is much lower, its majority support along with some Republican-led reform initiatives ongoing, [cannabis legalization] is becoming an increasingly bipartisan matter, he said. As for cannabis companies within Haywoods coverage universe, Gilmer said hes revised his estimates and published 2023 forecasts, with the general comment that the current market sentiment is reflected in his revised multiples and price targets. In particular, Gilmer listed seven companies and their revised projections, detailed below. (I only include Trulieve.) Trulieve Cannabis (Trulieve Cannabis Stock Quote, Charts, News, Analysts, Financials CSE:TRUL) Rating: Buy Target Price: C$72.00 (previously C$80.00) Projected one-year return (as of January 10 close): 126 per cent