Canopy Growth: C-day 17 October 2018
Canopy Growth: (BUY, Fair Value C$51 (+12%))C-day 17 October 2018
Yesterday the Canadian government decided that from 17 October 2018 onwards, selling cannabis for recreational purposes would be legal. That is 17 weeks from now and beyond the previous indicated 8-12 weeks’ time frame. However, giving more time to the provinces and territories (some big provinces did indicate they would struggle to have their sales system ready), will allow for a smooth implementation of the law across the country. In provinces that are not ready on 17 October LPs will be allow to sell on-line directly to customers.
Canopy Growth is a licensed producer of medical marijuana in Canada. The principal activities of Co. are the production and sale of marijuana out of its facility in Smiths Falls, Ontario as regulated by the "Marijuana for Medical Purposes Regulations".
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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