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Fly News Breaks for May 13, 2019
GNLN
May 13, 2019 | 08:19 EDT
Cowen analyst Vivien Azer initiated Greenlane with an Outperform rating and $21 price target. With exposure to fast growth industries, including cannabis, novel nicotine and hemp-derived CBD, which she believe collectively represents over $120B in retail sales, Greenlane is well positioned to capitalize on current trends, Azer tells investors in a research note. Looking ahead, Azer sees "robust" sales growth at a 27% compound annual growth rate.
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