PROF creates propaganda - here is a real news story...see if you can spot the difference between PROF's fantasies and real news.
Globe says Canopy Growth hiked to "speculative buy"
Canopy Growth Corp (C:WEED)
Shares Issued 220,585,018
Last Close 8/16/2018 $40.68
Friday August 17 2018 - In the News
The Globe and Mail reports in its Friday edition that Canaccord analyst Matt Bottomley is upbeat on Constellation Brands' $5-billion bet on Canopy Growth ($40.68). The Globe's David Leeder writes that Mr. Bottomley boosted his rating on Canopy to "speculative buy" from "hold." Mr. Bottomley hiked his share target to $50 from $34. Analysts on average target the shares at $45.17. Mr. Bottomley says in a note: "We believe this represents a transformational event for Canopy (and the industry as a whole) in the form of a substantial commitment from an established, international partner that is a top tier producer/distributor of alcohol worldwide. More importantly, even prior to this deal, we believe Canopy had a top-three presence on the global cannabis stage in the 11 countries where it has secured exposure. With $5-billion slated to hit the balance sheet later in October, we believe Canopy is now second to none with its ability to expand this platform even further; with 12 times more cash than its largest Canadian competitors at this time. As a result, we believe the company is substantially better suited to execute on a global first mover advantage with the capital and strategic leverage provided by Constellation."
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