RE:RE:Baystreet Analysts : Share fair value price 46.70$ That report is very positive. I'd be cautious about those valuations though. Those valuations are inspired by the insanely inflated market caps of other producers like Canopy and ACB.
The report states:
Note that the comparables valuation reflects what the market is currently paying for similar publicly traded cannabis companies. This may demonstrate potential upside for Sunniva’s stock price moving forward.
Further to that Sunniva doesn't have any contracts in place for sales. At least that I can tell. In Canada, sales will be largely through the provincial governments and contracts are going fast. Not necessarily a deal breaker for SNN but something to consider.
The stock is at a fair price right now and I'm surprised that it didn't drop today with the bloodbath in the rest of the sector. There is a lot of risk in SNN though. No licence in Canada (yet), no contracts and the BC facility is still a long ways out.