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Green Thumb Industries Inc (GTII)
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Curaleaf Holdings Inc. Subordinate Voting Shares (CURA)
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Trulieve Cannabis Corp (TRUL $13.10)
Q: Can you please comment on reclassification news and what these means to the sector. Would you step in, do you see a bright future, what would your top 3 choices be ranked in order.
5i Research Answer:
The changes don't legalize recreational use but allows for medical use and provides some supports to producers and research. It is net good news certainly and will likely bring some interest back intot he space but it remains a competitive area with low margins which makes it hard for us to get overly excited here. We think CURA and TRUL are interesting names in the space and likely have some of the most scale which provides a bit of an advantage.