CANOPY GROWTH - SELL | CAD16(-27%) Model maintenance
CANOPY GROWTH - SELL | CAD16(-27%)Model maintenance
Canopy likely to revert to previous profitability targets
Forecasts needed only minor adjustments
Consensus too high
Valuation is stretched, Acreage could be a cheaper way in
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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