On February 21, Seaport Global initiated coverage on cannabis stocks (HMMJ). The cannabis industry just witnessed the first data for legalized recreational cannabis sales. Canopy Growth (WEED) and Aurora Cannabis (ACB) reported their earnings last week.
What are the ratings?
Seaport Global initiated coverage on several cannabis stocks. The company gave a “neutral” rating on Canopy Growth (WEED) (CGC). Currently, the consensus rating from 12 analysts is a “buy.” Seaport Global also initiated coverage on Aurora Cannabis (ACB) with a “neutral” rating. The consensus rating from seven analysts is a “buy.”
On the same day, Seaport Global also initiated coverage on Aphria (APHA) with a “buy” recommendation—in line with the consensus rating from ten analysts. Seaport Global also gave a “buy” rating to HEXO (HEXO)—in line with 11 analysts’ consensus “buy” rating as of February 21.
Other initiations by Seaport Global include Ianthus Capital and Medmen Enterprises, which both got a “buy” recommendation. Green Thumb and Green Organic Dutchman Holdings also got a “buy” recommendation from Seaport Global on February 21.
To learn more, read Analysts’ Ratings for ACB, CRON, and APHA in February.
Next, we’ll discuss analysts’ ratings for OrganiGram.