Green Growth Brands Inc GGBXF

RE:What to do here?

[drd8]

NO!

The Globe and Mail reports in its Thursday, Nov 28, edition that Canaccord Genuity analyst Derek Dley lowered his target for shares of Green Growth Brands ($1.16) to $2.10 from $2.25, despite seeing sequential improvement with its first quarter 2020 results. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dley rates Green Growth "speculative buy." Analysts on average target the shares at $3.55. Mr. Dley says in a note: "GGB continues to develop its CBD segment through the rollout of their CBD kiosks in premium malls across the U.S., with 193 shops open to date, and plans to exit the year with over 200 locations. We continue to believe GGB will be able to capture a portion of the CBD wallet as it offers a mass market product with broad retail distribution. The MSO segment for the time is focused on Nevada, where the company operates two dispensary locations, both of which are highly productive. We continue to like the economics of GGB's current operations in Nevada and expect more growth in the near term after the addition of another dispensary in the state.