Take physic, pomp

Classic moments in sell side due diligence, Scotiabank edition

In just six weeks, from this:

The pot industry “is real, it is here to stay and we believe there is
money to be made,” Scotiabank analysts Oliver Rowe and Ben Isaacson
write in a note.
Investors in marijuana should shift their focus
from grams of weed sold as a product to cannabis sold as an ingredient,
according to the analysts. They compare the sector to the chocolate
industry, where investors are more focused on sales, margins and market
share of top companies, rather than producers in a specific country or
region. When selecting stocks in this sector, investors will need to
assess the quality of management, funding and strategic relationships
they have in place, they say.
Aphria Inc. is the best way to play the sector, according to the
analysts, who initiated coverage of the stock with a sector outperform
rating. Their 12-month price target of $25 implies 34 per cent upside to
the last close.

To this:

Feeling stupid yet, guys? Mind you, it won’t feel half as bad as being unemployed.

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