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Cantor: ‘Aleafia Continues To Post Solid Momentum,’ Firm Bullish But Lowers Price Target Due To Cannabis Sector Derating

Cantor: 'Aleafia Continues To Post Solid Momentum,' Firm Bullish But Lowers Price Target Due To Cannabis Sector Derating

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Cantor Fitzgerald issued an analysis on Aleafia Health Inc. (TSX:AH) (OTCQX:ALEAF), after the company released its financial results earlier Thursday for the second quarter of this year, which revealed a 53% sequential increase in cannabis net revenue, totaling roughly $9.6 million in the second quarter of 2021. Cantor remained Neutral but lowered its 12-month price target to C$0.42 from C$0.50 due to the sectoral derating.

...read full article on Benzinga

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