VIDEO: Canaccord Genuity Analyst on Valuation Catalysts Post-Legalization
Canaccord Genuity Group Inc Equity Analyst Matt Bottomley discusses how supply agreements for government-sponsored sales sites and locations, such as the OCS, are integral for cannabis companies to build brand equity. Bottomley identifies Canopy Growth Corp’s (TSE:WEED) (NYSE:CGC) (FRA:11L1) brand, Tweed, as a leader in brand awareness and believes this gives the company an advantage over its competitors. Bottomley highlights Aphria Inc (TSE:APH) (OTCMKTS:APHQF) (FRA:10E) as a potential top four company in terms of market share because of how many provinces the company is supplying, its capacity, and its ability to get products to market despite having a much lower valuation than its immediate peers. Bottomley predicts the shift towards actual financial performance in terms of valuation of cannabis companies will occur as more bricks and mortar retail stores open and derivative products are legalized. In the meantime, Bottomley suggests that Canadian LPs listing on the NASDAQ and NYSE and strategic investments, like the Constellation deal, will have more impact on valuations in the sector.
Original article: VIDEO: Canaccord Genuity Analyst on Valuation Catalysts Post-Legalization
©2018 Midas Letter. All Rights Reserved.
Source: https://midasletter.com/2018/10/canaccord-genuity-analyst-valuation-catalysts-post-legalization/
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