3 Cannabis Stocks to Buy for a Strong March Quarter

  • Despite early indications of strong demand for cannabis, most of the stocks trade near the recent multi-year lows due to fears the coronavirus outbreak eventually does damage demand.
  • Ayr Strategies does rely heavily on Nevada dispensaries where a substantial decline in tourist traffic could greatly hit stores with impressive annual revenues of $17 million each prior to the coronavirus outbreak.
  • The company guided to 2020 EBITDA of nearly $100 million providing substantial ability to weather any protracted economic storm that actually impacts the cannabis sector.
  • Overall, AYR Strategies is a Wall Street favorite, earning one of the best analyst consensus ratings in the market.
  • With a return potential of 162%, the stock’s consensus target price stands at $13.23.

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