Workers at Ascend Wellness Holdings (OTCQX: AAWH) in Boston voted overwhelmingly this week to join Teamsters Local 25, becoming the first cannabis dispensary in New England to organize with the union.
The Analyst
Pablo Zuanic from Cantor Fitzgerald maintained a rating of Overweight for the stocks of Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) and lowered its price target to $54 from $57, on “slightly reduced estimates.”
On Thursday, Cantor Fitzgerald analyst Pablo Zuanic offered an update on New Jersey’s recreational cannabis market. Zuanic analyzed the competitive landscape and the changes in the recreational cannabis market in The Garden State. Although the report is not a second-quarter preview, the analyst offered an estimation of the evolution of the state market.
Four major cannabis companies are negotiating contracts to unionize their workforce in New Jersey to bring the total to a half dozen multi-state operators, according to the head of UFCW - Local 360.
The United Food and Commercial Workers (UFCW) Local 360 announced that employees at Columbia Care's (OTCQX: CCHWF) Cannabist retail location and Acreage Holdings’ (OTCQX: ACRHF)&n