After the NJ Cannabis Regulatory Commission, or CRC, voted to renew Curaleaf’s five annual licenses, reversing a decision from last Thursday. Alliance Global Partners analyst Aaron Grey aid the firm sees this as a "win for not only [Curaleaf], but other MSOs and the industry, as broad interpretations of rules cannot be used as justification to shut down operations." For Curaleaf, the company will be able to continue to service the New Jersey adult-use market as "the leader with a 22% share" and there will be no disruption in operations, said the firm, which reiterates a Buy rating and C$8 price target on the shares.
Published first on TheFly
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Read More on CURLF:
- Curaleaf spikes over 7% after NJ CRC Board reverses, okays adult use renewals
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- Curaleaf price target lowered to $8 from $11 at Alliance Global Partners
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