Comp tables as of Feb. 10: Estimates and multiples drop

Average trading multiples for U.S.-focused operators are 2.5X 2020 sales and 12.5X 2020 EBITDA, down from last week’s 2.6X and 13.4X, respectively. The big changes are that consensus revenue expectations dropped for Harvest Health & Recreation (-8% for 2020 and 13% for 2021) and Curaleaf (-2% for 2020 and -8% for 2021). Canada-focused operators still […]

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