Referring to our note out on Saturday, we have moved FFNTF up to the #2 position and will be presenting our LONG deck on Tuesday.
We have moved TCNNF down toward the bottom of the list. While long-term TCNNF is well positioned, the competition is heating up in FL, and the company's market share losses are accelerating to the downside.
The Parent Company has moved up to a top-five spot. Right now, California Cannabis trades a significant discount to others in the space. We understand the concerns about operating in that state, but the state is underserved, and the importance of the state to the Cannabis industry can't be ignored.
We are also removing IIPR from the Cannabis Position monitor. Hedgeye now has a REIT analyst Rob Simone, (@HedgeyeREITs), who will hopefully write more on the name. We look forward to doing a joint report on IIPR with Rob.
We are also removing TOBAF and CLVR from the list, looking to revisit those names at later date, and making room for some new names in the coming days ahead.
