Published on 1 Mar 2023 on MarketWatch
Cowen drops coverage of U.S. pot stocks on acquisition by Toronto-Dominion Bank
Cowen analyst Vivien Azer is dropping coverage of seven cannabis stocks as part of the $1.3 billion acquisition of the investment bank by Canadian financial-services conglomerate Toronto-Dominion Bank.
The move stems from TD’s cautious approach to U.S. cannabis following the in Congress last year.