RE:Predictions for 2018I see a couple of things happening. First, I can see a correction coming in January/February back to high teens, low twenties, just cause it has gotten way ahead of the valuations for the next 12 months. I then see it climbing again, maybe back to $30-$35, as we understand production capacity, costs and anticipated demand as we get closer to July. I see once again another pullback post after recreational retail starts because I think there will be some initial growing pains, supply chain management and retail demand perhaps weaker than expected in first 6-12 months, largely due to ease of access. By end of 2018 I can see Canopy with net earnings of well less than $100m more like $70-80m. But I think there will be a very high PE of over 150 based on future 2019/20 earnings and continued expansion, domestic and international (M&A and organic). By end of 2018 I recon the sp will be around $50-55. But I look to over a $100/share in 2019/20 and perhaps a mega buy-out.
Anyway, that is how I kind of see things