This morning's G&M - Among Desjardins top picks for 2022... Diversified Industries: Cannabis
High Tide Inc. (
, “buy) with a $13.50 target. Average: $12.63.
Analyst John Chu: “We highlight HITI as a leading retailer which offers similar growth profiles to other industry participants, but with a lower risk profile.”
IM Cannabis Corp. (IMCC-CN, “buy”) with a $9.25 target. Average: $7.31.
Mr. Chu: “IMCC stands out as having significant international exposure (especially to Israel) with good sales visibility and an asset-light model.”
Rubicon Organics Inc. (ROMJ-X, “buy”) with a $4.25 target. Average: $4.13.
Mr. Chu: “ROMJ offers a leading brand in the highly sought-after premium/super-premium segments, with expectations that it will soon reach positive EBITDA.”