AGP downgrades, lowers price targets on select cannabis companies

Key Points
  • In 2024, the cannabis industry had a lackluster performance, leading to changes by Alliance Global Partners cannabis analyst Aaron Grey to companies under his coverage.
  • Grey downgraded some cannabis companies and lowered price targets due to low sentiment in the industry following a lack of progress on federal reform.
  • The lack of movement on federal reform under the Biden administration contributed to the negative sentiment in the cannabis industry.
  • For more details on the changes made by Grey and the impact on the cannabis companies, readers are encouraged to login and read the full article.

A lackluster 2024 for the cannabis industry led Alliance Global Partners cannabis analyst Aaron Grey to make changes to some of the cannabis companies under his coverage – including a downgrade and lower price targets.

“Sentiment within cannabis is low after a lack of progress on federal reform in 2024 (and Biden’s...

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