• 🌎 Worldwide
    • πŸ‡ΊπŸ‡Έ U.S.
    • πŸ‡¨πŸ‡¦ Canada
    • πŸ‡¬πŸ‡§ United Kingdom
    • 🌏 Asia
    • 🌍 Europe
    • 🌎 Latin America
    • 🌏 Oceania and Australasia
The Daily Marijuana Observer
SUBSCRIBE
  • Home
  • Latest
  • Business
  • Investments
  • Law
  • People
  • Health
  • Databases
No Result
View All Result
The Daily Marijuana Observer
  • Home
  • Latest
  • Business
  • Investments
  • Law
  • People
  • Health
  • Databases
No Result
View All Result
The Daily Marijuana Observer
No Result
View All Result
Home PRO Analyst Action

Here’s What 3 Analysts Think of Canopy Rivers Inc.

Steven Lachard by Steven Lachard
March 24, 2019
in Analyst Action, Investments, Marijuana Stocks, Trading
Analyst Coverage of Canopy Rivers Inc. (TSXV:RIV) (OTC:CNPOF)
14
SHARES
ShareShare

Whether you’re an existing or prospective investor in Canopy Rivers Inc. (TSXV:RIV) (OTC:CNPOF) it can be nice to get a Wall Street analyst’s opinion on where they think things are headed. Even better than one analyst’s opinion is three analysts’ opinions.

This is especially useful guidance following Canopy Rivers’ recently announced joint venture with leading cannabis B2B marketplace and supply chain management platform LeafLink.

While the Leaflink platform has already demonstrated a dominant position in the United States, the new venture, called LeafLink Services International ULC, will exclusively license and leverage the LeafLink, Inc. technology throughout regulated international cannabis markets.

Do Analyst Opinions Even Matter?

Analysts have been around as long as stocks, but they’ve never been as influential as today. Given how quickly information passes through the investor ecosystem, one analyst’s update can send a company’s shares tumbling or soaring.

Analysts aren’t just market-moving, though. They’re also highly qualified investment professionals that have devoted years to studying business and investments to earn designations like CFA or CPA. Their knowledge combined with their unparalleled access to company executives and information means analyst updates are always worth reading.

When it comes to marijuana stocks, it is no different.

What Analysts Think of Canopy Rivers

Currently, there are a total of three Wall Street analysts covering shares of Canopy Rivers. In the last 6 months, all of them have provided their opinions on what to expect.

From lowest price target to highest price target, here’s where analysts think shares of RIV are heading:

$7.50 CAD Per Share – GMP FirstEnergy

$9.00 CAD Per Share – PI Financial

$12.00 CAD Per Share – Eight Capital

Conclusion

Combining the three analyst price targets above, we can see an average analyst price target of $9.50 CAD per share. Based on a last-traded price of $4.39 CAD per share on the TSX Ventures Exchange, that represents 116.4% of potential upside for shares of RIV.

When it comes to analyst opinions, however, the price target isn’t even half of it. All analyst price targets are subject to change, and most analysts update their outlooks and price targets often.

What really matters is why and how each analyst arrived that their price targets. That helps us better determine the catalysts that can propel Canopy Rivers to success as well as the risks that the company may face before reaching its full potential.

To stay up-to-date on analyst action affecting marijuana stocks, be sure to register for PRO here.

Share this:

  • Click to email this to a friend (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pocket (Opens in new window)
Tags: Canopy Growth Corp.Canopy Growth CorporationCanopy Rivers Inc.Eight Capital Corp.GMP SecuritiesNYSE:CGCOTC:CNPOFPI Financial Corp.TSX:WEEDTSXV:RIV

Get Real-Time Updates from MJobserver.com

Unsubscribe
Steven Lachard

Steven Lachard

Steven Lachard is a staff writer for MJobserver.com with a particular focus on marijuana stocks. Beyond MJobserver.com, Steven's pot stock insights have been featured on TalkMarkets.com and more.

Related Posts

Piper Jaffray - Marijuana Stocks News
Investments

Piper Sandler Downgrades Canopy Growth Corp.

February 5, 2021
Madison, Wisconsin - SWIB - State of Wisconsin Investment Board
Investments

State of Wisconsin Investment Board Boosts Position in Canopy Growth Corp.

February 3, 2021
Aurora Cannabis Announces Share Sale by Founder Terry Booth
Investments

Two Sigma Advisors Boosted its Stake in Aphria, Dumped Aurora, Canopy and Tilray

September 18, 2020
Martha Stewart CBD News
Products

Anavii Market Offers Brand New Line of Martha Stewart CBD Products

September 10, 2020
Marinol Dronabinol THC Pharmaceutical
Events

30+ Expert Speakers to Present at the 3rd Annual Cannabinoid-Derived Pharmaceuticals Summit

July 9, 2020
Cannabis Stocks Going Down Today
Trading

5 of Today’s Biggest Cannabis Stock Losers on Thursday, June 4, 2020

June 4, 2020
Load More
Next Post
Medical Marijuana Helping the Opioid Crisis

Marijuana Won’t Solve Opioid Crisis But Could Be Part of the Solution

Comments 1

  1. Pingback: Here's What 5 Analysts Think of Aurora Cannabis Inc.

Leave a Comment! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

🚨 Subscribe to Stock Alerts

Get Live Updates on Breaking News

Subscribe Now

βœ‰οΈ Subscribe to Our Newsletter!

* indicates required

πŸ”Ž Search Marijuana Stocks

πŸ“° Recent News

  • Is Medterra a Publicly-Traded Company?
  • Skye Bioscience to Present at Upcoming Investment Conferences in April
  • What Is Hash And Why Is It Making A Comeback?
  • Verano Upgraded to OTCQX Best Market
  • Green Thumb Industries Announces Launch of Leading Cannabis-Infused Social Tonic Brand Cann in Illinois Ahead of 4/20 Cannabis Holiday
Facebook Twitter Instagram LinkedIn Youtube

Cannabis News by Region

  • πŸ‡ΊπŸ‡Έ United States
  • πŸ‡¨πŸ‡¦ Canada
  • πŸ‡¬πŸ‡§ United Kingdom
  • 🌏 Asia
  • 🌍 Europe
  • 🌎 Latin America
  • 🌏 Oceania and Australasia

Cannabis Tools & Resources

  • πŸ“… Calendar
  • πŸ“Š Databases
  • πŸ“‡ Directories
  • πŸ”” RSS Feeds
  • πŸ“Ί Videos

Find Cannabis Business Services

  • βš–οΈ Attorneys & Law Firms
  • πŸ“Š Accountants & Accounting Firms
  • πŸ’‘ Consultants & Consulting Firms
  • πŸ“² Marketing Agencies & Firms

The Daily Marijuana Observer

  • Subscribe
  • About MJobserver.com
  • Affiliate Marketing Disclosure
  • Legal Disclaimer
  • Privacy Policy
  • Contact Us

Advertise with Us

  • πŸ‘€ Advertise
  • πŸ“£ DMO Newswire
  • πŸ“‡ List in Our Databases

Β© 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerβ„’ (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

No Result
View All Result
  • Home
  • Latest
  • πŸ”’ PRO
    • πŸ”’ A.M. Watchlist
    • πŸ”’ Analyst Action
  • πŸ’Ό Business
  • πŸ“ˆ Investments
    • πŸ“ˆ Stocks
    • πŸ’° ETFs and Funds
    • πŸ’­ Market Commentary
    • πŸ“° Press Releases
    • πŸ“… Earnings Calendar
  • βš–οΈ Law
    • Laws
    • Politics
    • Intellectual Property
    • Attorneys & Law Firms Database
  • πŸ‘₯ People
    • ⚽ Athletes
    • πŸ’Ό Executives
    • 🌟 Celebrities
    • πŸ›’ Consumers
    • βš•οΈ Doctors
    • πŸ’Š Patients
  • πŸ’Š Health
  • πŸ“‡ Databases
    • πŸ“ˆ Stock Databases
    • πŸ’° Fund Databases
    • πŸ’Ό Service Providers Databases
    • 🏦 Marijuana Stock Brokers
    • πŸ’² Marijuana Cryptocurrencies

Β© 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerβ„’ (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.