May. 5 at 8:14 PM
$JUSHF $MSOS. Updated thoughts. I continue to think that there is no other name in the top 10 MSOS names that has more leverage to S3 and markets transitioning to Adult Use than Jushi. Is there some risk to this view particularily AU in VA. Certainly there is, and that will be crystalized on or before May 22nd. Personally, I think odds still favour passage. I would put it at greater than 70%. Other better informed people have indicated likely higher. Regardless failure which would likely be more of a 1yr delay than outright failure would certainly be a negative but not a death blow. Strategically, assuming we get VA passed I expect JUSHI to outpreform over the next 12-18mths. However, I would caution that I can see a scenario where the first wave of money might go to disporportionally to the larger better known names. Regardless I would expect Justhi would preform well over the cycle and potential could also benefit from a preceived take over premium. I guess time will tell.
