CLIQ Alcanna (CLIQ)

[mmm21]

BNN comment by Fabrice Taylor - fyi

Alcanna
(CLIQ-T)
Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$0.000
Owned
Yes
July 15, 2019

It was an income trust, and so they distrbitued too much money and didn't keep enough cash to refurbish their stores and stay competitive. That hurt, then they the oil price fell (they're based in Alberta), then they made some dumb acquisitions. Aurora Cannabis and the Bitove family have since invested. They've cut prices to wipe out competition, then bought that competition--twice. This has worked. Eventually, they will raise prices now that they've wiped out those competitors. Alberta law limits other liquor stores within a certain radius from existing shops, so they have a moat. And they're getting into cannabis. This stock is starting to move. (Analysts’ price target is $8.05)

Read more at https://stockhouse.com/companies/bullboard?symbol=t.cliq&postid=29922654#aYWGK3SVHKZXOgU7.99