BMO Capital Markets initiated coverage of the Supreme Cannabis Company (TSX:FIRE) (OTCQX:SPRWF) today, offering the company a Market Perform rating, with a $2.50 CAD per share price target.
The target share price represents a 15% premium to FIRE stock’s then-current market price, however, BMO Capital Markets analysts Tamy Chen, CFA, and Peter Sklar, CPA, CA, see the potential for Supreme Cannabis to reach a $3.00 CAD share price with brand traction, accelerating sales, ramping production, and strategic international acquisitions.
The mainstream analysis firm has covered Aurora Cannabis Inc. (TSX:ACB) (NYSE:ACB), Canopy Growth Corp. (TSX:WEED) ...
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