from web site
g. new brick-and-mortar stores, e-commerce expansion), lower legal market prices, and the introducing of new cannabis-derived items not available to the illegal market," Gomes said. Recreational marijuana sales are predicted to represent just over half the revenue mix for the Canadian cannabis market at $3. 9 billion in 2021, but with more approval and the progressive eradication of the illegal market, Gomes projections recreational sales to represent 90.
On the other hand, medical marijuana sales remain consistent throughout the decade at roughly $600 million per year. Gomes pays particular attention to business in referencing the significance of the market on certified producers and merchants: Toronto-based independent seller Fire and Flower (Fire and Flower Stock Quote, Chart, News TSX: FAF) and Calgary-based manufacturer High Tide Inc.
In his December 14 analysis accompanying the business's third quarter monetary results being released, Gomes saw Fire and Flower in a positive light with an "Outperform" ranking, coupled with a target rate of $15/share and a predicted 1 year return of 158 per cent at the time of his newest update on the business (December 14).
"We see FAF as one of the long-term winners in the Canadian retail space due to their partnership with Alimentation Couche-Tard, digital capabilities, and strong capital position," Gomes stated. On the other hand, in his October 20 analysis, Gomes kept in mind that High Tide had pivoted its Canna Cabana stores to a discount rate club retail model, a move meant to permit High Tide to compete with other Canadian worth brand names.
Gomes gave HITI an "Outperform" rating 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 uses a large upside to the appraisals of mid- and small-caps that perform well," Gomes said.
Start the New Year With Schaeffer's 7 FREE 2022 Stock Picks!
There is a lots of uncertainty in the investing world right now. Initially, Look At This Piece -19 strains have become an ever-present risk to the whole economy. Second, lots of companies are still having problem with supply chain concerns. Finally, experts expect rates of interest to increase at any minute. Nevertheless, despite all of this chaos, a few companies have begun the season off strong.
Let's take a look at a few of these leading trending stocks and see why financiers are delighted about them.