In a recently released analyst research report, Canaccord Genuity Managing Director, Robert Burleson, reiterated his speculative buy rating on shares of ancillary cannabis products and services provider KushCo Holdings Inc. (OTC:KSHB) with a price target that suggests some noteworthy upside to come.
Robert Burleson’s price target of $7.50 USD per share implies a potential upside of approximately 56.25% based on the last traded price of $4.80 USD per share on the OTCQB.
According to MarketWatch, “Canaccord reiterated its speculative buy rating on the stock after meeting with the company. KushCo told analysts it is passing on the impact of the latest tariffs on goods from China to its customers, who will pay more for its vape hardware.”
It should be noted that just under one month ago, KushCo announced the private placement of a senior unsecured note with an aggregate principal amount of $21,300,000 USD whereby Canaccord Genuity LLC acted as the sole placement agent.
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