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RBC Capital Reiterates a Hold Rating on Alcanna Inc (CLIQ)


In a latest note to investors, a research analyst has provided a rating update for the Alcanna Inc (CLIQ). RBC Capital’s analyst Sabahat Khan reiterates their Hold rating on the shares, with a C$8 price target.

According to TipRanks.com, Khan is ranked #1135 out of 4912 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alcanna Inc with a C$9.67 average price target.

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$3.21 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 Friday at C$8.65, close to its 52-week low of C$8.49.