Replies to post #124100 on Canopy Growth Corp (WEED)

[JohnCM]

U.S. MOS's are doing fine and profitable.

[JohnCM]

Tailwinds to boost Canadian cannabis companies in coming months

Jun. 21, 2021
By: Jonathan M Block, SA News Editor

Legalization in Canada

Store re-openings after lockdowns and the need to rebuild inventories are among the tailwinds that will be benefit Canadian cannabis names in the coming months, according to Cantor Fitzgerald.

Last week, the firm hosted a conference with the CEOs of 14 Canadian cannabis producers. Analyst Pablo Zuanic says favorable regulatory changes are possible at the regional and federal level, and he sees further industry consolidation, which could result in better economics.

He is keeping his ratings and estimates on companies unchanged.

Zuanic adds that momentum for multi-state operators in the US has largely ended due to a "Sen. Schumer bill overhang" based on the timing of the legislation and a lack of regulatory clarity.

Canadian cannabis names in afternoon trading: Tilray (NASDAQ:TLRY) +3.4%; Aurora Cannabis (NASDAQ:ACB) +2.6%; Sundial Growers (NASDAQ:SNDL) -1%; Cronos (NASDAQ:CRON) +2.5%; and Hexo (NYSE:HEXO) +2.5%.

Marijuana ETFs: Global X Cannabis ETF (NASDAQ:POTX) +1.4%; Alternative Harvest ETF (NYSEARCA:MJ) +1.8%; Cambria Cannabis ETF (BATS:TOKE) +1.7%; Seymour Cannabis ETF (NYSEARCA:CNBS) +0.7%; and Spinnaker ETF Series The Cannabis ETF (NYSEARCA:THCX) +1.6%.