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Cannara Biotech ( (TSE:LOVE) ) has provided an announcement.
Cannara Biotech Inc. announced the approval of incentive awards under its stock option and restricted share unit compensation plans. The grants, marking the completion of the company’s fiscal year, include 3,625,000 stock options for employees and 145,000 restricted share units for board members, reflecting Cannara’s five years of commercial operations and consistent revenue growth.
The most recent analyst rating on (TSE:LOVE) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Cannara Biotech stock, see the TSE:LOVE Stock Forecast page.
Spark’s Take on TSE:LOVE Stock
According to Spark, TipRanks’ AI Analyst, TSE:LOVE is a Outperform.
Cannara Biotech’s strong financial performance and attractive valuation are the primary drivers of its stock score. The technical analysis indicates moderate bullishness, supporting a positive outlook. The absence of earnings call data and corporate events does not impact the score significantly.
To see Spark’s full report on TSE:LOVE stock, click here.
More about Cannara Biotech
Cannara Biotech Inc. is a vertically integrated producer of affordable premium-grade cannabis products for the Canadian markets. The company operates two mega facilities in Québec, offering a potential annualized cultivation output of 100,000 kg, and benefits from Québec’s low electricity costs to produce premium cannabis at competitive prices.
YTD Price Performance: 125.00%
Average Trading Volume: 94,606
Technical Sentiment Signal: Buy
Current Market Cap: C$164.6M
For an in-depth examination of LOVE stock, go to TipRanks’ Overview page.