POWER OF A U.S. CANNABIS LISTINGhttps://grizzle.com/power-u-s-cannabis-listing/ "Aphria, HEXO, and Organigram are our preferred way to play a potential listing.
These stocks do not price in a future listing.
All three trade below 10x EBITDA while U.S. peers are above 30x.
CannTrust has already benefited to some extent from up list rumors but can still see big share price gains once the rumors are confirmed.
If any of these names do announce future listings expect a big pop on the day of the announcement and further follow through as the multiple moves in line with peers"