Cowen Group has discontinued coverage of the cannabis sector following its acquisition by TD Bank Group (TSX: TD) (NYSE: TD) on Wednesday.
"Post Cowen's acquisition by TD, we are no longer covering securities relating to US multi-state operators in the cannabis sector a spokesman for TD Bank," said Dan Gagnier, a spokesperson for TD Bank.
For years, Cowen has been providing in-depth, actionable research and investing strategies for those seeking to invest in cannabis as well as other equity markets.
Cowen's senior research analyst Vivien Azer, who specialized in beverages and tobacco, ventured into the burgeoning cannabis sector nearly a decade ago, becoming the first senior Wall Street analyst to cover this emerging industry in 2014.
Under her guidance, the company has grown to cover over 30 companies with a stake in the cannabis industry.
The star marijuana analyst even shared her valuable insight on the state of the industry on several occasions at Benzinga's Cannabis …