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Fly News Breaks for October 17, 2018
CGC, APHQF
Oct 17, 2018 | 10:26 EDT
Scotiabank analyst Oliver Rowe initiated coverage of Aphria (APHQF) with an Outperform rating and C$25 price target. Aphria is building one of the largest cannabis production platforms in Canada and internationally, Rowe tells investors in a research note on the cannabis sector titled "Growing for the Future." He notes the company intends to focus on "perfecting" large-scale production economics to generate high industry margins in the Canadian medical and recreational markets. The analyst views the company as the best way to play the cannabis space in his "limited coverage universe." Rowe this morning also initiated Canopy Growth (CGC) with a Sector Perform rating and C$61 price target. He views the company's growth story as "superb" but finds the valuation full at current share levels.
News For APHQF;CGC From the Last 2 Days
CGC
Mar 28, 2024 | 11:32 EDT
In this edition of "Rising High," The Fly conducted an exclusive interview with Sundie Seefried, founder and chief executive officer of Safe Harbor Financial (SHFS), a financial services provider to the regulated cannabis industry. Here are some... To see the rest of the story go to thefly.com. See Story Here
CGC
Mar 27, 2024 | 10:46 EDT
Bullish option flow detected in Canopy Growth with 18,324 calls trading, 3x expected, and implied vol increasing almost 7 points to 203.48%. 3/28 weekly 8 calls and 3/28 weekly 11 calls are the most active options, with total volume in those strikes near 11,200 contracts. The Put/Call Ratio is 0.18. Earnings are expected on May 30th.