Most cannabis industry observers realize that valuations and valuations multiples for the major MSOs are up Y/O/Y, spurred by the promise of rescheduling.
The chart shows the Enterprise Value to Consensus Next twelve-month (NTM) EBITDA multiples of fourteen major MSOs from 4/14/23 (light green bar) to 4/12/24 (darker green bar).
Valuation multiples are up for 11 of the 14 companies on the chart. Outliers include Jushi (OTC:JUSHF), down 35.5%; TerrAscend (OTC:TSNDF), down 5.2%; and Ascend (OTC:AAWH), down 0.2%
The multiples of the other companies on the chart rose from 3% for Cresco (OTC:CRLBF) to 70% for Curaleaf (OTC:CURLF). The group, in...
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