Q: Hi team,
This is my first non-tech question in quite a while. I try to balance my tech stocks with some names in other sectors. CF came to my attention today from a TD report. It is on one of my watch lists but I haven’t followed it closely in a couple of years. TD gives it a Buy, Higher Risk rating with a target of $9.50 although I don’t find target prices very meaningful. Part of their rationale is CF’s recent purchase of U.S.-based advisory firm Petsky Prunier, who focus on mid-market segments and have a growing presence in the cannabis space for IPOs and mergers in the U.S. CF itself seems to have a strong presence in cannabis deals in Canada and potentially internationally. The cannabis segment is here to stay, regardless of the high valuations. I am not a weed guy as such, but if CF can continue to grab a good chuck of these deals, it may bode well for it.
What are the pros and cons of an investment in CF at this time? I notice you gave it a B- in your Company report last August, which is not a strong grade, but perhaps things have changed.
Thanks again.
Dave
This is my first non-tech question in quite a while. I try to balance my tech stocks with some names in other sectors. CF came to my attention today from a TD report. It is on one of my watch lists but I haven’t followed it closely in a couple of years. TD gives it a Buy, Higher Risk rating with a target of $9.50 although I don’t find target prices very meaningful. Part of their rationale is CF’s recent purchase of U.S.-based advisory firm Petsky Prunier, who focus on mid-market segments and have a growing presence in the cannabis space for IPOs and mergers in the U.S. CF itself seems to have a strong presence in cannabis deals in Canada and potentially internationally. The cannabis segment is here to stay, regardless of the high valuations. I am not a weed guy as such, but if CF can continue to grab a good chuck of these deals, it may bode well for it.
What are the pros and cons of an investment in CF at this time? I notice you gave it a B- in your Company report last August, which is not a strong grade, but perhaps things have changed.
Thanks again.
Dave