Based on Canopy Growth’s acquisition of Acreage Holdings, Jefferies raised its target price on the company to 77 Canadian dollars from 64 Canadian dollars. According to Jefferies, Acreage Holdings will enable Canopy Growth to enter the US, which has a huge potential for cannabis companies.

Jefferies also raised its target price on Aurora Cannabis (ACB) to 14 Canadian dollars from 12 Canadian dollars. According to Jefferies, it increased the target price due to the company acquiring Whistler Medical. Also, Aurora Cannabis has been experiencing a strong growth trend.