Cronos is one of the best value stocks because cash covers most of its market cap while operations improve. Its $827 million of cash is 65% of a $1.27 billion market cap, the industry's best balance sheet, with net tangible assets of $1.05 billion. Q2 revenue rose 51% in constant currency, gross margin reached 53% from 43%, and it earned $0.09 a share with $0.06 of free cash flow per share. GrowCo is fully online with more efficiency gains expected, and buybacks continue. x.com 

Trump's push to reclassify cannabis from Schedule I to Schedule III is a massive tailwind for the sector, including multi-state operators and Cronos Group. It would end the 280E tax that has crushed margins for years, letting companies deduct normal business expenses and instantly boosting cash flow, profitability and valuations. x.com  x.com 

Cronos looks worth more than a below-liquidation valuation. A quoted post from a GrowCo site visit describes a large, professionally run operation and calls the JV partnership with the Mucci family, agriculture masters running it like a pharmaceutical lab, the most overlooked part of the thesis. x.com 

High Tide's lead in Canadian cannabis retail is widening toward a position competitors can hardly catch, yet it trades at about 5x EV/EBITDA. 23% of Canadian consumers now say Canna Cabana is the retailer they shop most often, more than double the next competitor's 11%. Its loyalty and discount model concentrates frequent users, so rivals must overcome both physical scale and an entrenched customer base, and High Tide is using its Canadian strength to grow internationally. x.com 

Cannabis stocks offer an excellent entry point after a procedural pause in the DEA rescheduling hearing triggered near-panic selling. The industry has never been closer to rescheduling and resolving custody and uplisting issues, and it recently refinanced its debt on excellent rate and duration terms. The pause until October 13 may delay rescheduling somewhat but is unlikely to derail it, and institutional investors should begin entering over the rest of the year. x.com