Village Farm is a BUY with a $30 PT according to a GMP analyst

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Early sign suggest PSF market share in rec

On October 22, 2019, GMP Analist Andrew Partheniou resuming coverage of VFF following its recent equity financing. The company raised gross proceeds of $28M at an offer of $9.40 per share resulting in an estimated current pro forma cash balance at $42M.

According to GMP, the media reports that PSF (Pure Sunfarms JV) has captured about 20% of the online dried flower market in Ontario.

The analist maintains his target of $30 and his purchase recommencement despite VFF’s dispute with EMH.

With cannabis products 2.0 to be introduced in 2020, the long-term potential remains intact. The target is based on a multiple of 15x applied on the EBITDA 2020.


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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