3 Undervalued US Cannabis Operators To Be Aware Of

The cannabis sector has been trending higher during the last week, and we attribute the move to the introduction of favorable legislation in the United States (US) Congress.

Earlier this week, GOP Congressman Greg Steube introduced a bill entitled "Marijuana 1-to-3 Act," which would move cannabis from Schedule I to Schedule III under the federal law. The development was a catalyst for the cannabis sector, and we will monitor the progress of the legislation.

Cannabis legalization is coming in the US, and it is only a matter of time until there is legislative reform at the Federal level. We believe this is the most significant potential catalyst for the cannabis sector and have worked to identify companies that would benefit from this.

Today, we want to highlight three operators that would benefit from legislative reform in the US and want our readers to be aware of these companies.

1. We consider Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) to be an undervalued multi-state operator (MSO) due to the significant potential catalysts that it has for growth. The Company Company has active retail operations in Ohio, Arkansas, Michigan, and California. The MSO also has pending retail operations in Illinois and New Jersey, and craft cultivation and processing operations in Nevada, Ohio, and Arkansas. We are bullish on the markets that Body and Mind are levered to and want our readers to be aware of the business.
2. Earlier this year, we highlighted Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) as a North American cannabis operator that is flying under the radar. The CompanyCompany is capitalizing on Missouri and West Virginia in the US, and we favor this part of the business. Although Missouri and West Virginia are not considered to be high-profile markets in the US, we expect Heritage to use the markets to gain an early-mover advantage and a launchpad to expand into other states in the US. The management team has already proven its ability to execute on a large scale in Canada, and we expect its expertise to play a critical role in the growth in the US. The business has significant potential catalysts for growth and is confident that the market is discounting the growth prospects that are associated with the business.
3. Cresco Labs Inc. (OTCQX: CRLBF) (CSE: CL) is a larger-scale US MSO that has lost more than 70% of its market cap from its 52-week high. During the most recent quarter, the company company generated $210 million in revenue and reported to have $130 million of cash on hand. We like Cresco due to the markets it is levered to and its leadership positions in Illinois, Pennsylvania, and Massachusetts (according to BDSA). The states that Cresco Labs is levered to include Arizona, California, Utah, Colorado, Missouri, Illinois, Michigan, Ohio, Pennsylvania, New York, Connecticut, Florida, West Virginia, New Jersey, Virginia, Delaware, Maryland, and Washington DC. With a market cap close to $600 million, we find the valuation attractive after the current decline. Due to the growth prospects that are associated with the business, we plan to create a short position in both portfolios. The position we will create is equal to approx. 15% of our total planned investment, and we will monitor how the stock continues to perform.

If you are interested in learning about these US operators, please email support@technical420.com with the subject "Undervalued US Cannabis Operators" to be added to our distribution list.

 

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According to an agreement between Spotlight Media Corp and Heritage Cannabis (CANN), we have been hired for a period of 90 days, beginning December 1, 2022, and ending March 1, 2023, to publicly disseminate information about CANN, including on the Website and other media including Facebook and Twitter. We are being paid $3,000 per month by CANN and were paid "ZERO" shares of unrestricted or restricted common shares. We plan to sell the "ZERO" shares of CANN that we hold during the time the Website and Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of CANN in the open market at any time, including before, during, or after the Website and Information, to disseminate favorable information publicly. Muha Meds Carts

Under an agreement between StoneBridge Partners LLC and Body and Mind Inc., we have been hired for a period of 360 days, beginning September 15, 2021, and ending September 15, 2023, to publicly disseminate information about (BAMM) including on the Website and other media including Facebook and Twitter. We are being paid $1,000 monthly (BAMM) and were paid "ZERO" shares common shares. We hold "ZERO" shares common shares. We will not sell or purchase shares during the Term. We reserve the right to buy or sell shares after the Term following State and Federal securities laws. See "Disclosures" below, which will be read in conjunction with this release.

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