OTCQX:CNXXF - Post by User
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ScreenName1on Dec 06, 2018 1:51am
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Beacon includes Cannex as 1 of 7 winning cannabis stocks
Beacon includes Cannex as 1 of 7 winning cannabis stocksLink to article Last but not least is Cannex which Stanley and Cooper rate a “Buy” with a C$1.80 target, representing a 114 percent return. Beacon likes the company recently announced pending transaction with 4Front Ventures to become the newest multi-state operator with stakes in Washington, Massachusetts, Illinois, Pennsylvania and Maryland. Stanley and Cooper call it “a merger between a company with a growing footprint (4Front) and one with operational expertise (Cannex, whose underlying business is generating $50 million in sales at an ~30% EBITDA margin).”