In a recently released analyst research report, Cantor Fitzgerald analyst, Pablo Zuanic, maintained a neutral rating on shares of Jushi Holdings Inc. (CSE: JUSH) (OTC: JUSHF) and raised their price target, which may suggest some noteworthy upside to come.
Pablo Zuanic’s new price target of $7.05 USD per share, raised from $6, is roughly in-line with the markets based on the last traded price of $7.21 USD per share.
This analyst upgrade comes one week after the company provided an update on its previously announced acceleration of warrants issued in conjunction with the March 2019 private placement. Jushi has completed the acceleration, which resulted in the issuance of approximately 3.7 million additional subordinate voting shares and cash proceeds to the company of approximately $11 million USD.
As of that announcement, Jushi Holdings Inc. had approximately $133 million in cash and short-term investments and approximately $89 million in total debt, excluding leases and property, plant and equipment financing obligations.
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