Ascendis (ASC) – The Grass Is Greener

We are pleased by the group’s focus on organic growth but believe sports nutrition will continue to be a thorn in ASC’s side. With the recent ConCourt ruling legalizing private use of marijuana in South Africa (SA), we believe this will raise awareness of medical marijuana as an alternative to pharmaceuticals. We believe ASC is best positioned to exploit opportunities within the space. We also provide insights gained from players within medical marijuana.