Cannabis Stocks’ Multiples Make Them Look Cheap
In the above chart, you can see that Cronos Group’s (CRON) EV-to-EBITDA multiple rose to 62.3x from 60.5x in November. Compared to the last two-year average of 54.2x, Cronos Group was trading at a premium. Cronos Group’s premium might have been due to the value addition from Altria acquiring a stake in the company.