Canopy Growth is a “speculative purchase” for a double, say Canaccord analyst

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Following Canopy Growth’s announcement of its 72% stake in BioSteel Sports Nutrition, Canaccord Genuity analyst Matt Bottomley believes BioSteel can be a great addition to Canopy’s development strategy.

BioSteel Sports Nutrition products are present in more than 10,000 shops in North America and are linked to prestigious sportsmen and women.

CBD products are becoming more and more popular with athletes of all levels.

The Canaccord analyst recommends Canopy Growth as a “speculative purchase” with a target price of $ 60.

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