Plus, Canadian bank stock sinks after earnings miss
A new weekly look at some small-cap stocks making news - or about to. Please let us know in the comments how you like this new feature and your suggestions on what you’d like to see in the future.
The acquisition addresses the company’s underperformance in the vape category and strengthens its infused pre-roll segment, Canaccord Genuity analysts Yewon Kang and Matt Bottomley said in a Dec. 8 note. They have a “speculative buy” on the stock and lowered their price target to $3.15 from $3.60 due to the 12-per-cent increase in diluted share count from the acquisition.
RBC Dominion Securities Inc. analysts Douglas Miehm and Sahil Dhingra have a “sector perform, speculative risk” rating on the stock and a $2.75 price target. Organigram is expected to report its fourth-quarter results on Dec. 18. Analysts are expecting revenue to come in at $43-million and for the company to report a loss of 4 cents per share, according to according to Refinitiv Eikon data.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Upcoming GST relief causes confusion for some small Canadian businessesA tax break for the holiday season will start this week, giving some Canadians relief on year-end shopping. But for small businesses, confusion around what applies for the GST relief has emerged.
Read more »
Canadian Leaders Express Concern Over Trump's Proposed Tar on Canadian GoodsCanadian business and political leaders are voicing concerns about Donald Trump's pledge to impose a 25-per-cent tariff on all Canadian goods coming into the United States. They argue that such tariffs would harm businesses on both sides of the border and weaken North America's economic and geopolitical strength.
Read more »
'It's a heavy hit': Canadian travellers cope with weak Canadian dollarDespite rebounding on Wednesday, the Canadian dollar continues to face pressure after U.S. president-elect Donald Trump threatened to impose a 25 per cent tariff on all Canadian imports.
Read more »
Sarah McLachlan cancels 30th anniversary tour that was set to end in VictoriaCanadian music star Sarah McLachlan has officially cancelled her Fumbling Towards Ecstasy 30th Anniversary Canadian Tour.
Read more »
Small caps to watch: Price targets going up on surging fintech stock ahead of earningsPlus other less-known Canadian stocks making news this week
Read more »
Canada Post strike continues, Canada’s unemployment rate jumps and Air Canada’s new carry-on fees: Business and investing stories for Dec. 8Plus, a breakdown of the big Canadian banks’ fourth-quarter earnings
Read more »