Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Wall Street Analysts Predict a 75% Gain for This Cannabis Stock

Stock MarketsApr 08, 2021 12:31PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Wall Street Analysts Predict a 75% Gain for This Cannabis Stock

Canadian cannabis producer Village Farms International (NASDAQ:VFF) stands to gain significantly from the potential federal legalization of marijuana in the United States. However, although President Biden is an advocate of federal legalization, there is yet little measurable progress on that front. Under these circumstances, will VFF stock be able to live up to Wall Street analysts' performance expectations? Read more to find out.Wall Street has been betting on the marijuana industry since the election of Joe Biden as the U.S. President, given his advocacy of the decriminalization of cannabis. Canada-based marijuana and fresh foods producer Village Farms International, Inc. (VFF) is a case in point. The stock has gained 349.3% over the past year, and 22.3% year-to-date.

The stock’s impressive price performance and market valuation led to its inclusion in the S&P/TSX Composite index on March 22. VFF’s high market capitalization, nearing $1 billion, and average trading volume of 3.23 million factored into the decision to include the stock in the Canadian index.

With several states legalizing cannabis, Wall Street expects VFF to gain more than 70% and achieve fresh highs soon.

Continue reading on StockNews

Wall Street Analysts Predict a 75% Gain for This Cannabis Stock
 

Related Articles

World stocks post record highs as bond yields ease
World stocks post record highs as bond yields ease By Reuters - Apr 14, 2021 22

By Tom Arnold and Kevin Buckland LONDON/TOKYO (Reuters) - Global stock markets pushed to record highs on Wednesday as bond yields eased, after data showed U.S. inflation was not...

SAP, LVMH earnings nudge European stocks higher
SAP, LVMH earnings nudge European stocks higher By Reuters - Apr 14, 2021 1

By Sruthi Shankar (Reuters) -European stocks inched up on Wednesday, as upbeat earnings from German software firm SAP and French luxury goods maker LVMH offset concerns about a...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email