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During the last year, we have consistently covered how research analysts at broker-dealers have been lowering price targets and ratings on Canadian Licensed Producers (LPs).  These changes have been primarily related to lowering sales expectations, shirking profit margins, and rising net losses. In the near future, we do not expect…

From leading ancillary cannabis businesses to large scale Canadian Licensed Producers (LPs), broker-dealers continue to send bearish indicators to the market by lowering price targets on the companies they cover, respectively.  Although Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) and Aurora Cannabis (TSX: ACB) (Nasdaq: ACB) have been the subject…

Although the market responded favorably to Canopy Growth’s (TSX: WEED) (Nasdaq: CGC) third-quarter earnings report, three broker-dealers issued lower price targets on the Canadian Licensed Producer (LP).  During the quarter, Canopy Growth reported $141 million of revenue, a $67 million adjusted EBITDA loss, and a $115 million net loss. When compared to the…

Earlier this week, Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) reported third quarter financial results and received a favorable reaction from the market.  Although the leading Canadian Licensed Producer (LP) reported lower revenue when compared to the same period last year, we believe the management team is executing on a…

During the last quarter, several Canadian and Wall Street firms lowered their price targets on leading North America cannabis businesses.  After we analyzed the most recent price target changes on certain Canadian Licensed Producers (LPs), we determined that the size of price target cuts (from a percentage standpoint) by broker-dealers…

During the last year, leading Canadian broker-dealers have been downgrading Canadian Licensed Producers’ (LPs) rating on average. The banks have also been lowering price targets for Canadian LPs and we consider this to be a bearish indicator.  Although we continue to hope to see a change in trend with rating…

Although recreational cannabis has been legal in Canada for three years, the market continues to face challenges.  Municipal bans on cannabis brick-and-mortar retailers in Canadian provinces have slowed down the growth of the industry by forcing consumers to drive long distances to municipalities that have a large number of cannabis…

The first week of 2022 has proven to be a challenging period for the overall market as well as the cannabis sector.  The combination of rising inflation and interest rates has scared many investors and this is a trend that we are closely following.  During the last month, several broker-dealers…

A tectonic shift is taking place in the cannabis industry and we expect the trend to have a major impact on operators that are levered to it.  During the last month, we have analyzed the last two years of quarterly financial reports that were released by high-profile Canadian Licensed Producers…

Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) was once considered to be the darling of the cannabis industry and was valued at more than C$15 billion earlier this year (based on market capitalization).  Following a strong start to the year, Canopy Growth has come under heavy pressure and is currently…