RE:RE:Beacon Securities target $16.50.Bluechip2 wrote: Article is written by the same guy from Beacon, Ajamians, that produced the Bay street article suggesting $47.00-$144.00 price target. Pretty sure he initiated coverage earlier than April 2nd. A little more reasonable price target now.
The article was written by : Siddharth Rajeev, B.Tech, MBA, CFA Anthony de Ruijter, BA. Econ From the article : As shown above, our comparables valuation gives a range of $59.87 to $144.11. However,we have chosen to remain conservative and maintain our DCF valuation. Note that the comparables valuation reflects what the market is currently paying for similar publiclytraded cannabis companies. This may demonstrate potential upside for Sunnivas stock price moving forward.