RE:RE:Eight Capital: Sell rating and C$7.00 target for WEED They clearly state what their mandate is, and I quote:
"US MSOs remain our preferred vehicle for exposure to cannabis, given their superior profitability, access to the $90 B+ US market, and more attractive valuations."
Their sell rating and downgrading is suspect, especially a couple of days before reporting, and may be designed to take advantage of the persistent overall market volatility if the market does not like their numbers.
glta
IvankaThePariah wrote: Ahhh yes, Eight Capital. Those bastions of propriety who tried to scam the retail rubes with their underhanded dealings vis-a-vis Cannabis Wheaton (now Auxley). And don't bother telling me they cleaned house after that particular fiasco - skunks don't lose their stripes. They were extra-long there. Guess they're extra-short here.