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g. new brick-and-mortar shops, e-commerce expansion), lower legal market prices, and the introducing of brand-new cannabis-derived products unavailable to the illegal market," Gomes stated. Leisure cannabis sales are predicted to represent simply over half the profits mix for the Canadian marijuana market at $3. 9 billion in 2021, but with more acceptance and the gradual eradication of the illicit market, Gomes projections leisure sales to account for 90.
Meanwhile, medical marijuana sales remain constant throughout the years at around $600 million annually. Gomes pays particular attention to business in referencing the significance of the marketplace on licensed producers and retailers: Toronto-based independent seller Fire and Flower (Fire and Flower Stock Quote, Chart, News TSX: FAF) and Calgary-based producer High Tide Inc.
In his December 14 analysis accompanying the company's 3rd quarter monetary results being launched, Gomes viewed Fire and Flower in a favorable light with an "Outperform" rating, coupled with a target rate of $15/share and a projected one-year return of 158 per cent at the time of his latest update on the business (December 14).
"We see FAF as one of the long-term winners in the Canadian retail area due to their partnership with Alimentation Couche-Tard, digital capabilities, and strong capital position," Gomes stated. Meanwhile, in his October 20 analysis, Gomes kept in mind that High Tide had rotated its Canna Cabana stores to a discount rate club retail model, a move intended to permit High Tide to contend with other Canadian value brands.
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Gomes offered HITI an "Outperform" ranking in his October 20 report and $13. 25 target for a forecasted return at the time of 79 per cent. "For Go Here For the Details , our thesis is that the Canadian market uses a big upside to the assessments of mid- and small-caps that perform well," Gomes stated.
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Public Last updated: 2022-03-01 05:08:47 PM
