Eight Capital Analyst Believes Canopy Should Not Be Valued As A Going Concern, Price Target $0
Portfolio Pulse from The Dales Report
Eight Capital analysts believe that Canopy Growth (NASDAQ:CGC) should not be valued as a going concern, with a price target of $0, due to continuous losses of $5 billion. TerrAscend Corp. (OTC:TSNDF) is seen as having a successful journey to listing on the TSX, with hopes of a NASDAQ listing in the near future. Other topics discussed in the podcast include Curaleaf's acquisition of Clever Leaves Portugal, Cybin's market surge, and Compass Pathways' $120 price target.
July 12, 2023 | 2:09 pm
News sentiment analysis
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NEGATIVE IMPACT
Canopy Growth's continuous losses of $5 billion have led analysts to believe that the company should not be valued as a going concern, with a price target of $0.
The company's continuous losses have led analysts to question its viability as a going concern. This negative outlook is likely to impact the company's stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
TerrAscend Corp. is seen as having a successful journey to listing on the TSX, with hopes of a NASDAQ listing in the near future.
The company's successful journey to listing on the TSX and the potential for a NASDAQ listing in the near future is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100