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TLRY

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HOUSE_OVERSIGHT_024876.jpg

This document is page 60 of a financial research report titled 'Cowen Collaborative Insights' dated February 25, 2019. It analyzes the financial performance and outlook of CBD companies, specifically highlighting Charlotte's Web (CWEB) and CV Sciences (CVSI) for their strong EBITDA margins and revenue growth. The document includes charts comparing various cannabis/CBD companies (TPB, GTI, TLRY, etc.) and projects significant revenue growth for Charlotte's Web through 2020. The document bears a 'HOUSE_OVERSIGHT_024876' stamp, indicating it was part of a document production for a congressional investigation, likely subpoenaed from Cowen regarding financial records.

Financial research report / investment banking analysis
2025-11-19
Analysis Source

HOUSE_OVERSIGHT_024817.jpg

This document is the cover page of a Cowen Equity Research report titled 'Cowen's Collective View of CBD,' dated February 25, 2019. The report provides market analysis and projections for the CBD industry, predicting $16 billion in sales by 2025, and highlights specific stocks (WEED, TLRY, TPB). While the content is strictly financial research, the document bears the Bates stamp 'HOUSE_OVERSIGHT_024817,' indicating it was collected as part of a House Oversight Committee investigation.

Equity research report / financial analysis
2025-11-19
Analysis Source
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