In a note posted today (September 30th), PiperJaffrey reiterated that Canopy Growth is one of the best positioned in the global cannabis market.
PiperJaffrey estimates the global cannabis market between $250 to $500 billion in the long run and $15 to $50 billion in the short run.
According to PiperJaffrey, with about $ 2.3 billion in cash, Canopy has enough money to face the mid-term challenge.
PiperJaffrey maintains its 18x EV / Sales 2020 (670M) for a target price of US $40 ($ 53 CAD). This is a slight decrease (US $49 before)
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