sidered only Buy-rated names for outperform ideas and Underperform-rated names for underperform ideas. We then narrowed the list after consulting our Equity Research colleagues. To be eligible for the list, the stock must be covered by BofA Merrill Lynch AMRS fundamental equity analysts with a rating of Buy or Un

ncluding Outperform rated WEED, TLRY, and TPB. Cowen Research 646 562 1330 [email protected] Vivien Azer 646 562 1351 [email protected] Equity Research Cannabis Suelu! SI odes Siu, OND “pelgiyoid si yoda siuj Jo UONNQUISIPes peZUOUINeUL “WOd"'USMOI®e]/90 Pees N Y CANNABIS WY COWENRESEARCH COWEN.