4 Overvalued Cannabis Stocks Investors Should Continue to Things To Know Before You Get This

g. brand-new brick-and-mortar shops, e-commerce expansion), lower legal market rates, and the launching of brand-new cannabis-derived products not available to the illegal market," Gomes said. Leisure marijuana sales are projected to represent just over half the revenue mix for the Canadian cannabis market at $3. 9 billion in 2021, but with more acceptance and the gradual elimination of the illicit market, Gomes projections leisure sales to account for 90.

On the other hand, medical cannabis sales stay consistent throughout the years at around $600 million per year. This Piece Covers It Well pays particular attention to companies in referencing the significance of the marketplace on licensed producers and sellers: Toronto-based independent seller Fire and Flower (Fire and Flower Stock Quote, Chart, News TSX: FAF) and Calgary-based producer High Tide Inc.

In his December 14 analysis corresponding with the company's 3rd quarter financial results being launched, Gomes viewed Fire and Flower in a positive light with an "Outperform" ranking, coupled with a target cost of $15/share and a forecasted 1 year return of 158 per cent at the time of his most current update on the company (December 14).

"We view FAF as one of the long-lasting winners in the Canadian retail space due to their collaboration with Alimentation Couche-Tard, digital capabilities, and strong capital position," Gomes stated. On the other hand, in his October 20 analysis, Gomes noted that High Tide had actually rotated its Canna Cabana shops to a discount club retail model, a relocation intended to enable High Tide to take on other Canadian value brand names.

Fascination About Cannabis companies: How the pot bubble burst - Fortune

Gomes gave HITI an "Outperform" score in his October 20 report and $13. 25 target for a predicted return at the time of 79 percent. "For LPs, our thesis is that the Canadian market offers a large benefit to the assessments of mid- and small-caps that execute well," Gomes stated.

Cannabis Countdown: Top 10 Marijuana Stock News Stories Of The Week

Start the New Year With Schaeffer's 7 FREE 2022 Stock Picks!

There is a lots of unpredictability in the investing world today. First, brand-new COVID-19 strains have become an ever-present danger to the whole economy. Second, numerous business are still having problem with supply chain concerns. Lastly, analysts expect rates of interest to rise at any minute. Nevertheless, in spite of all of this turmoil, a couple of companies have begun the season off strong.

Let's examine a few of these top trending stocks and see why investors are delighted about them.

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