The company also now owns Sweetwater Brewing, a craft-beer maker with a focus on the cannabis lifestyle that Aphria acquired in late 2020.
It remains to be seen how soon federal cannabis reform will be enacted in the U.S., but the odds of it happening are arguably better than they’ve ever been.
To put that number into context, Clover projects Medicare Advantage membership of around 70,000 by the end of the year.
I think that investors would be wise to take heed of Clover Health’s recent warning that its share price “may rapidly decline” due to an apparent short squeeze.