Analyst upgrades Brighthouse Financial, citing gradual business mix improvement and strong capital position. Stock has lost 23% YTD but trading at reasonable free cash flow yield.
The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) - formerly known as Columbia Care - announced on Monday a series of initiatives as it seeks to transform its business to improve profitability, enhance margin profile and enable cash flow generation.The company said in a press release that a planned corporate restructuring is expected to generate roughly $10 million in annual cost savings.In addition, the Cannabist is in the process of divesting its entire asset portfolio and license in the Florida market, with LOIs for multiple transactions in place and $2.75 million of deposits in escrow.