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Columbia Care Inc.
Columbia Care Inc. (OTC: CCHWF) is one of the oldest manufacturers and providers of cannabis goods and services in the United States, with licenses in 18 states and the European Union (EU). CCHWF has 131 facilities, including 99 dispensaries and 32 cultivation and manufacturing facilities and those in the works. It was one of the first multi-state medical cannabis providers in the United States.
Why should Investors make an Exit?
Valuation Methodology: Price/Sales Per Share Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
CCHWF's stock price has fallen 54.42% in the past twelve months and is leaning towards the lower band of the 52-week range of USD 2.44 to USD 6.95. We have valued the stock using the Price/Sales-based relative valuation method and arrived at a target price of USD 2.69.
Considering the company's bottom line pressure, long cash cycle, leveraged balance sheet, current valuation, and associated risks, we recommend a "Sell" rating on the stock at the current price of USD 3.15, as of March 21, 2022, at 9:30 AM ET.
Technical Price Chart (as of March 21, 2022, at 09:30 AM ET). Source: REFINITIV, Analysis by Kalkine Group
*All forecasted figures and Industry Information have been taken from REFINITIV.
*The reference data in this report has been partly sourced from REFINITIV.