GREY:FFLWF - Post by User
Post by
LongTheGreenson Feb 01, 2021 10:46am
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Post# 32435967
Alimentation Couche-Tard + FAF + USA
Alimentation Couche-Tard + FAF + USA We are expecting to see FAF release formal plans of entering the US cannabis market, specifically California and Oregon. The market cap on FAF is too low based on the Canadian market alone, which leaves our group thinking that the company will see 3x gains in the SP before Q3 due to the big numbers to be released in April. If the Company announces plans to enter USA prior to the next quarter release, we expect to see much higher multiiples of gains. The second scenario is more likely in our opinion.
We are buiding FAF postion on the open market. 1.7 million shares have been quietly absoorbed and we will be doubling the position if it can trickle to CAD .72 - or through .92. The Analyst targets of CAD 1.85 are not accounting for USA. We expect higher.