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The latest update is out from Cannabist Company Holdings ( (TSE:CBST) ).
The Cannabist Company has launched adult-use cannabis sales in Delaware, expanding its market presence with three Columbia Care dispensaries strategically located across the state. The company’s cultivation facility in Milford and its portfolio of premium cannabis products, including house brands and brand partner Ric Flair Drip, are now available to adult consumers. This expansion is expected to enhance the company’s operations and strengthen its position in the cannabis industry, providing new opportunities for growth and engagement with Delaware communities.
The most recent analyst rating on (TSE:CBST) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Cannabist Company Holdings stock, see the TSE:CBST Stock Forecast page.
Spark’s Take on TSE:CBST Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBST is a Underperform.
Cannabist Company Holdings is currently struggling with severe financial instability, highlighted by negative equity, high debt, and declining revenues, making financial performance a critical concern. Although there are efforts to restructure and optimize operations, these are overshadowed by ongoing liquidity and cash flow challenges. Technical analysis shows an overbought condition, adding further risk. The company’s poor valuation metrics reflect its ongoing challenges.
To see Spark’s full report on TSE:CBST stock, click here.
More about Cannabist Company Holdings
The Cannabist Company, formerly known as Columbia Care, is a leading cultivator, manufacturer, and provider of cannabis products and services in the United States, operating in 12 jurisdictions. The company manages 81 facilities, including 64 dispensaries and 17 cultivation and manufacturing sites. It offers a wide range of products such as flower, edibles, oils, and tablets under various brands, including dreamt, Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber.
Technical Sentiment Signal: Sell
Current Market Cap: C$227.8M
Find detailed analytics on CBST stock on TipRanks’ Stock Analysis page.