The “Piper” Effect and Differentiating Juniors: Ben Smith’s Cannabis Market Wrap

Midas Letter Lead Financial Writer Ben Smith explains the “Piper” Effect and what it means for industry leaders Canopy Growth Corp (TSE:WEED) (NYSE:CGC) (FRA:11L1) and Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) (FRA:21P). Smith indicates that when investment bank Piper Jaffray initiated coverage on Canopy earlier in the month with a $40/share tag, it acted like “kerosene,” sparking the company’s shares. Two weeks later, Piper Jaffray raised it to $60/share, causing another 10 percent rally in Canopy’s stocks. Smith anticipates Aurora receiving similar attention soon. He also discusses surging junior names and why he’s bullish on select juniors with differentiating characters. He notes that James E Wagner Cultivation Corp’s (CVE:JWCA) (OTCMKTS:JWCAF) aquaponic growing sets it apart, while Khiron Life Sciences Corp’s (CVE:KHRN) (OTCMKTS:KHRNF) (FRA:4KH) first mover advantage in Latin America is part of why its flirting with all-time highs.

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[davegreen]

If you could have bought Amazon at 60 would you? If you take the long term perspective you will make money on Canopy...buy and hold for the next couple of years this market is in it's infancy and Canopy is at the forefront worldwide.