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Cannabist Company downgraded to Neutral from Buy at Alliance Global Partners

Alliance Global Partners downgraded Cannabist Company (CBSTF) to Neutral from Buy and removed the firm’s prior price target Entering 2025, sentiment within the cannabis group is low after a lack of progress on federal reform in 2024, says the analyst, who expects stock movement within the industry to be most tied to anticipation of federal cannabis reform coming to fruition. However, “there is uncertainty today,” the analyst tells investors.

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