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Some Known Details About Investing In Marijuana - A Beginner's Guide - TIME
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g. new brick-and-mortar stores, e-commerce expansion), lower legal market rates, and the introducing of brand-new cannabis-derived products unavailable to the illicit market," Gomes said. Leisure cannabis You Can Try This Source are forecasted to account for simply over half the revenue mix for the Canadian cannabis market at $3. 9 billion in 2021, but with more acceptance and the progressive obliteration of the illicit market, Gomes projections recreational sales to represent 90.
On the other hand, medical marijuana sales remain constant throughout the decade at approximately $600 million each year. Gomes pays particular attention to companies in referencing the significance of the market on licensed manufacturers and merchants: Toronto-based independent retailer Fire and Flower (Fire and Flower Stock Quote, Chart, News TSX: FAF) and Calgary-based manufacturer High Tide Inc.
In his December 14 analysis corresponding with the business's third quarter financial results being released, Gomes saw Fire and Flower in a favorable light with an "Outperform" score, matched with a target rate of $15/share and a predicted 1 year return of 158 percent at the time of his most current upgrade on the business (December 14).
"We see FAF as one of the long-lasting winners in the Canadian retail area 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 kept in mind that High Tide had pivoted its Canna Cabana stores to a discount rate club retail model, a move meant to allow High Tide to take on other Canadian worth brand names.
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Gomes offered HITI an "Outperform" ranking in his October 20 report and $13. 25 target for a predicted return at the time of 79 per cent. "For LPs, our thesis is that the Canadian market provides a large upside to the appraisals of mid- and small-caps that perform well," Gomes stated.
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