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Fly News Breaks for February 25, 2019
OGRMF
Feb 25, 2019 | 08:13 EDT
Jefferies analyst Owen Bennett initiated coverage of nine cannabis stocks, stating that his base-case "conservative" assumption is that the cannabis industry can grow in size to over $50B by 2029 from $17B in 2019. He started Organigram with a Buy rating and C$10 price target, citing his view that that the company is well set up, with very strong recreational brands, both in Canadian cannabis and international hemp based CBD.
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