Alcanna Inc (TSX: CLIQ), the Consumer Goods sector company, was revisited by a Wall Street analyst yesterday. Analyst Derek Dley from Canaccord Genuity reiterated a Hold rating, with a C$9 price target.
Dley observed:
“We are reiterating our HOLD rating and target price of C$9.00 following the release of Q2/18 financial results.”
According to TipRanks.com, Dley is ranked #428 out of 4847 analysts.
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Alcanna Inc has an analyst consensus of Hold, with a price target consensus of C$9.
Based on Alcanna Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$1.36 million. In comparison, last year the company had a GAAP net loss of C$2.07 million.
Alcanna Inc. sells alcohol and cannabis. It operates through the Canadian Operations and the U.S. Operations segments. The company was founded by Henry Andrew Bereznicki and Irving Kipnes in 1993 and is headquartered in Edmonton, Canada.
The company’s shares closed on Monday at C$9.39.
