CIBC analyst John Zamparo initiated Canopy Growth (CGC) with an Outperformer rating and C$65 price target. He expects cannabis to follow the course of other newborn industries, where investors rush to pour capital into the sector and then very few companies live up to their lofty expectations while the industries develop. However, he believes Canopy, and Cronos (CRON), are likely to be two of the winners that come to dominate the global market. His investment preference points him toward the Canopy ecosystem, both Growth and Rivers, mostly due to its best-in-class management, Zamparo tells investors.