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Canaccord readjust its target prices for the year 2020 following the first year of operation of cannabis producers.

It is obvious to them that there are too many producers for the size of the pie and it is no longer appropriate to apply the calculation of potential income in relation to their production capacity.

Cannacord has downgraded most of the target cannabis producers for 2020.

Company Rating Price (30 oct) Previous Target New Target ACB Spec Buy $4.75 $13.50 $8.00 APHA Spec Buy $6.65 $14.00 $10.00 CRON Hold $10.94 $17.00 $13.00 DN Spec Buy $0.60 $2.20 $1.00 FIRE Spec Buy $0.74 $2.30 $1.60 HEXO Hold $2.97 — $3.50 LABS Spec Buy $4.57 $8.50 $7.25 OGI Spec Buy $4.40 $10.50 $8.50 TGOD Hold $0.97 $1.25 $1.00 WEED Spec Buy $26.52 $60.00 $40.00

All price are in CAN

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