Canaccord initiated coverage of Canopy Growth (CGC) with a Buy rating and C$2 price target Canopy is a leading cannabis company producing, distributing, and selling a “diverse range” of cannabis and cannabis-related products in key, global adult-use and medical cannabis markets, the analyst tells investors in a research note. The firm says the company’s pivot from an asset-light, third-party supply model to an asset-right, in-house supply model will improve its global competitive positioning.
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