Cannacord readjusts its target prices for 2020

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Canaccord readjust its target prices for the year 2020 following the first year of operation of cannabis producers.

It is obvious to them that there are too many producers for the size of the pie and it is no longer appropriate to apply the calculation of potential income in relation to their production capacity.

Cannacord has downgraded most of the target cannabis producers for 2020.

CompanyRatingPrice (30 oct)Previous TargetNew Target
ACBSpec Buy$4.75$13.50$8.00
APHASpec Buy$6.65$14.00$10.00
DNSpec Buy$0.60$2.20$1.00
FIRESpec Buy$0.74$2.30$1.60
LABSSpec Buy$4.57$8.50$7.25
OGISpec Buy$4.40$10.50$8.50
WEEDSpec Buy$26.52$60.00$40.00

All price are in CAN


This article is written and published by The Cannabis Stock

Disclaimer : The Cannabis Stock wants to promote the cannabis market with the best publication on the market. The Cannabis Stock does not recommend selling or buying any of the company mentioned and is not responsible for any losses that may result.

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