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GTBIF

Green Thumb Industries

$0.00

(0.00%)

, VFF

Village Farms

$8.63

-0.47 (-5.16%)

09:01
10/09/19
10/09
09:01
10/09/19
09:01

Vaping crisis underscores need to lift cannabis prohibition, says Craig-Hallum

Craig-Hallum analyst Eric Des Lauriers notes that the vaping crisis has taken a turn for the worse as severe respiratory illnesses have injured over 1,000 and claimed the lives of 18. Most patients reported using illicit vapes containing THC, the primary psychoactive compound in cannabis, while others reported using nicotine-only vapes, perplexing health officials, he notes. The analyst believes vape additives - not cannabis or nicotine - are causing the outbreak and researching the many additives found in vapes will take time, creating near-term headwinds. Ultimately, he sees certain additives being banned, not vaporizers as a whole. Longer-term, the vape crisis will be an industry tailwind, underscoring the need to regulate cannabis, he argues. The analyst sees less than 1% of Green Thumb Industries' (GTBIF) sales currently at risk, but in a worst-case scenario, the company could see about 25% of sales at risk. Even without vapes, he believes Green Thumb Industries can generate $1B-plus revenues with its existing licenses. Additionally, the analyst sees virtually no impact to Village Farms' (VFF) current revenue outlook.

GTBIF

Green Thumb Industries

$0.00

(0.00%)

VFF

Village Farms

$8.63

-0.47 (-5.16%)

  • 17

    Oct

  • 20

    Nov

GTBIF Green Thumb Industries
$0.00

(0.00%)

08/13/19
PIPR
08/13/19
INITIATION
Target $13
PIPR
Overweight
Green Thumb Industries initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Michael Lavery last night initiated coverage of Green Thumb Industries with an Overweight rating and $13 price target. The analyst believes Green Thumb is gaining an "important head start" by building brands, value-added products, and infrastructure in the U.S., which he thinks could be a $70B-$140B opportunity long-term. However, the company operates as a federally illegal business, and "therefore has a valuation overhang accordingly." Lavery considers this an opportunity as he expects federal legalization of marijuana in the next 1.5-4.5 years.
09/13/19
COWN
09/13/19
INITIATION
Target $18.5
COWN
Outperform
Green Thumb Industries initiated with an Outperform at Cowen
Cowen initiated Green Thumb Industries with an Outperform and $18.50 price target . The analyst cited revenue opportunities and her outlook for the US and Canadian cannabis market harmonizing with scale, profitability, and optionality.
09/13/19
09/13/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Denali Therapeutics (DNLI) initiated with a Buy at Nomura Instinet. 2. Curaleaf Holdings (CURLF) initiated with an Outperform at Cowen. 3. Green Thumb Industries (GTBIF) initiated with an Outperform at Cowen. 4. MedMen (MMNFF) initiated with an Underperform at Cowen. 5. Slack Technologies (WORK) initiated with a Neutral at Mizuho. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/19
AGPP
09/19/19
INITIATION
AGPP
Buy
Green Thumb Industries initiated with a Buy at Alliance Global Partners
Alliance Global Partners analyst Aaron Grey started Green Thumb Industries with a Buy rating and C$23 price target.
VFF Village Farms
$8.63

-0.47 (-5.16%)

06/13/19
ROTH
06/13/19
INITIATION
Target $25
ROTH
Buy
Village Farms initiated with a Buy at Roth Capital
Roth Capital analyst Scott Fortune started coverage of Village Farms with a Buy rating and $25 price target. The analyst notes that the company is converting its 10.6M sq. ft. tomato greenhouse infrastructure in North America, to new profitable cannabis/hemp cultivation. Established distribution and relationships with the biggest U.S. retailers allow potential new CBD product sales, he contends, adding that Village Farms can easily convert into cannabis cultivation once federally legal in the U.S. and Mexico.
07/22/19
CHLM
07/22/19
INITIATION
Target $30
CHLM
Buy
Village Farms initiated with a Buy at Craig-Hallum
Craig-Hallum analyst Eric Des Lauriers initiated Village Farms with a Buy rating and a price target of $30, saying the company is becoming a "dominant" cannabis cultivator and has a large opportunity in U.S. hemp space. The analyst notes that Village Farms is exceeding cannabis yield and quality expectations and believes the company has a low-cost path to becoming a dominant cultivator, with potential to "far exceed" consensus estimates beginning in 2020.

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HEXO

Hexo

$2.54

-0.05 (-1.93%)

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Syndicate
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CRM

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$145.02

2.75 (1.93%)

12:30
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Options
Heavy delta short term call buyer in Salesforce »

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  • 16

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DYMEF

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CMG

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TMO

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$NSD

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$NYE

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Technical Analysis
NYSE market internals summary »

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GPS

Gap

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Gap put volume heavy and directionally bearish »

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PYPL

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F

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12:00
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Options
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TXN

Texas Instruments

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-8.32 (-6.47%)

11:50
10/23/19
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Options
Aggressive post-earnings put seller in Texas Instruments »

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GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

, FB

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Bitcoin Investment Trust

$0.00

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FB

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SPY

SPDR S&P 500 ETF Trust

$299.50

0.47 (0.16%)

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S&P 500

$0.00

(0.00%)

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SPDR S&P 500 ETF Trust

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ZS

Zscaler

$41.57

0.84 (2.06%)

11:45
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Zscaler call volume above normal and directionally bullish »

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