Canopy Rivers Inc - Class A CNPOF

News Article.

[AbrahamST]

CORAL GABLES, FL / ACCESSWIRE / January 29, 2019 / With the cannabis boom just getting underway, analysts at Piper Jaffray believe we could be looking at a market value of between $250 billion to $500 billion a year. ''We believe the long-term growth can be significant - both from transitioning illicit trade to legal sales, medical sales, and from transitioning sales in health [and] wellness categories to CBD-infused products,'' said the analysts, as quoted by MarketWatch. Most notably, as millions of people living all over the world look to embrace the medicinal properties of cannabis, related companies are quickly gaining the attention of cannabis investors. Some of those companies include Pure Global Cannabis Inc. (TSX.V: PURE) (OTC PINK: PRCNF), CannTrust Holdings Inc. (TSX: TRST) (OTC: CNTTF), and Canopy Growth Corporation (NYSE: CGC) (TSX: WEED). Canopy Growth Corporation (CGC) (WEED) stock has been moving aggressively higher after Piper Jaffray analysts raised its price target by 50% and said the company is well-positioned in the growing markets for legal and medical marijuana. In addition, the company also plans to invest between $100 million and $150 million in its New York operations ''capable of producing tons of hemp'' on an annual basis, notes CNBC. According to analysts at Cowen, "We expect continued growth in newly established U.S. states, and more robust growth in Canada as more supply comes online and new form factors hit the market," analysts at Cowen noted. Among the likely beneficiaries, will be Tilray Inc. and Canopy Growth, which it believes will ''finally start to see the true benefits of adult use sales and the lapping of upfront investments made in calendar 2018 to scale up ahead of adult use.'' Read more at https://stockhouse.com/news/press-releases/2019/01/29/three-top-medical-marijuana-stocks-to-watch-as-market-balloons-to-500-billion#YvzrMWicpqehmvHX.99