Author Bio
I love looking at the "story" behind investments from an interdisciplinary point of view, with an equal appetite for high-growth disruptors and beaten-down value names.
The U.S. cannabis industry is positively booming, yet net profits are still difficult to come by for many U.S. multistate operators (MSOs). That's because federal prohibitions lay onerous borrowing costs and taxes at the feet of U.S. cannabis companies. Given the difficulties of generating cash flow, companies with higher operating profitability will be in much better position to capitalize on growth opportunities than their competitors.
TerrAscend is a mid-tier MSO that's bigger than most private U.S. cannabis operators, yet still smaller than the public industry leaders. Not to be outdone, newly public