Followers | 37 |
Posts | 4949 |
Boards Moderated | 0 |
Alias Born | 11/13/2010 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, February 20, 2019 4:52:21 PM
A potential winner in this scenario could be Liberty Health Sciences, which presumably becomes an acquisition target now that the specter of foreign LP control has been removed.
Why? Because LHS is the fourth biggest player in a state with an exploding medical patient roster. According to the OMMU, the number of active medical cannabis patients has nearly tripled, from 56,537 to 159,107 between December 1, 2017 and December 1, 2018. Dry flower and equivalent sales totaled well over $325 million in the first nine months of 2018, up considerably from an estimated $20-$40 million in 2017. The state’s high senior population—among the fastest segment of cannabis users—and snowbird population makes Florida a high per capita medical cannabis user state. The company also has burgeoning operations in Massachusetts and Ohio.
Whether other friendlies step up is pure supposition at this point. LHS is among the cheapest significant public or private Florida acquisition options, with Trulieve Cannabis and Curaleaf Holdings well into 10-figure market capitalizations. Even private Surterra Wellness—with 23 dispensary locations in-state—is surely within 10-digit market cap territory should it decide to go public. Either way, Aphria’s exit opens the possibility that another player may attempt to pony-up to jump into a very important medical market.https://midasletter.com/2019/02/3-takeaways-from-aphria-inc-tseapha-divestiture-of-liberty-health-sciences/
Recent TCNNF News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 08:13:42 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 10:14:24 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 10:11:35 AM
- Is this Penny Stock About To Break Through? • AllPennyStocks.com • 11/09/2023 02:00:00 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM