Ayr Is Best Cannabis Stock to Buy Now, According to Viridian – Business Insider

Viridian Capital analyst Jonathan DeCourcey says a cannabis underdog is his top stock pick. Crystal Cox/Business Insider

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  • Viridian analyst Jonathan DeCourcey says Ayr Wellness is his top cannabis stock pick.
  • The company’s stock is discounted considering its track record, he said.
  • DeCourcey gives the company a price target of $42. Newsletter Sign up for the Insider Cannabis newsletter for an inside look at the booming cannabis industry. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy.

    There are the cannabis giants and then there are the underdogs who, despite great management and solid assets, just don’t receive the same amount of attention as their larger counterparts.

    Ayr Wellness, which operates 51 stores across the US is one of the underdogs, according to Viridian Capital Advisors analyst Jonathan DeCourcey. Still, he said in a Thursday note that company is his “top MSO pick.”

    MSO stands for multi-state operators, a term used for US cannabis companies that operate in multiple states.

    Viridian began coverage of Ayr in

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