Last week, Benchmark initiated coverage on Charlotte’s Web Holdings (CWBHF) (CWEB) with a “buy” rating and a $25 price target. The stock has received “strong buy” ratings from two analysts and “buy” from five. Their mean price target of 32.27 Canadian dollars for the stock implies a 26.4% upside over its April 26 closing price. Meanwhile, two analysts recommend “buy” for Village Farms International (VFF), which is trading 166% below their target price.
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Emerald Health Therapeutics
One analyst recommends “strong buy” and one has recommends “hold” for Emerald Health Therapeutics (EMH). Their price target implies a 31.4% upside. Last week, EMH announced that its “50%-owned joint venture, Pure Sunfarms, has completed planting of the final quadrants of its 1.1 million square foot Delta 3 greenhouse operation in Delta, BC.” EMH is scheduled to release its earnings on May 1.
For Green Organic Dutchman Holdings (TGOD), two analysts recommend “buy” or a higher rating, one recommends “hold,” and one recommends “sell.” Last week, the company announced that Health Canada had granted an oil sales license to its Hamilton facility, and that its subsidiary, HemPoland, had received organic certification.
Aleafia Health (ALEF) has received a “buy” rating from one analyst. The stock’s price target of 6.5 Canadian dollars implies a 306% upside, the biggest rise among the companies we’re covering. Last week, ALEF announced the stock had been added to the AdvisorShares Pure Cannabis ETF (YOLO).
Six analysts recommend “buy” for Supreme Cannabis (FIRE), and one recommends “hold.” Their target of 3.08 Canadian dollars for the stock implies a 51.7% upside.