Pyxus (“PYX”) has better growth prospects and significantly more shots on goal than other cannabis companies.
We believe PYX has between 500 and 1,600% upside potential.
PYX recently held an analyst day indicating an EBITDA target of +/- $500m in fiscal 2023.
PYX is being mispriced as the market underestimates the resiliency of the legacy leaf tobacco business, which generates ~ $175m in adjusted EBITDA.
PYX has outstanding growth opportunities not only in legal cannabis, but also in other fast-growing, potentially large markets like industrial hemp/CBD and e-liquids for vaping products.
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