OTCQB:VVCIF - Post by User
Post by
jfogarty12on Mar 19, 2020 6:15pm
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Post# 30828415
a small trend?
a small trend?Cannabis sector broadly moves higher after BofA report suggests sales spiking during COVID-19 Cannabis stocks are trading in the green on Thursday following the release of a report that suggests that people are stocking up on cannabis amid the COVID-19 outbreak. Bank of America analyst Chris Carey said that sales of U.S. and Canadian cannabis are increasing over the past week, a sign that the pot sector may actually be a defensive play in current market conditions. Carey also states that Aphria may see its market share in Canada rise as its peers may struggle to move product. Carey boosted Aphria's rating to a 'buy' despite lowering his price target to $5 a share.