Cannabis Industry|CannTrust Holdings (NYSE:CTST)
- Current Price: $7.62
- Price Target Upgrade: $9.45
Organic Waste Industry |SusGlobal Energy Corp (OTCQB:SNRG)
- Current Price: $0.50
- Price Target Upgrade: $3.76
While CannTrust Holdings (NYSE:CTST) fell slightly short on its earnings report compared to companies like Canopy Growth, the growth potential – shared among analysts – for CannTrust Holdings (NYSE:CTST) looks to be promising. In fact, it was recently voted as the number 1 Cannabis Growth stock in terms of its current valuation. Zacks Investment Research upgraded shares of CannTrust (NYSE:CTST) from a hold rating to a buy rating in a report issued on Tuesday morning, putting forth a price target of $9.00.
Currently, CannTrust is focusing on hydroponics at its Niagara facility and its much smaller Vaughan campus. By bringing in expects to further drive down operational costs, analysts suggest that this should lead to more consistent harvests and a decreased cost factor in operational expenses. In January, CannTrust secured a 390,000-square-foot deal, with a phase 3 expansion of the Niagara facility. While already completing 450,000 square feet, this additional capacity should help CannTrust push to about 100,000 kilos of yearly production.
We take a very similar analytical position as Zacks Investment Research in that CannTrust Holdings (NYSE:CTST) represents possibly the greatest growth stock in the Cannabis industry.
In terms of the chart, we can see a clear S1/S1 pattern with support, and believe that a move back over $10 PPS will be in the short to medium term.
SusGlobal Energy Corporation
SusGlobal Energy Corp (OTCQB:SNRG) recently made the transition to the US Venture Market by uplisting to QB status. SusGlobal Energy Corp. (“SusGlobal”), is a global renewable energy and regenerative products company, a industry leader in The Circular Economy™. Right now, the company is focusing on acquiring, developing and monetizing proprietary technologies in the organic waste industry, and so far have established themselves as leaders in the field.
This was recently recognized, as the Government of Canada signed on to officialy fund the company. Their most recent project was funded by the Government of Canada through the Federal Economic Development Agency for Southern Ontario and the Report was written by Brent Wootton, Barbara Siembida-Lösch, and Ryan Hill, a research team at Fleming College’s Centre for Advancement of Water and Wastewater Technologies (“CAWT“).
SusGlobal Receives Project Completion Report from the Advancing Water Technologies (AWT) Program, Funded by the Government of Canada Through the Federal Economic Development Agency for Southern Ontario
What analysts like most about this stock, is not only its revenues, which are expected to reach $24 million, but rather the position the company is currently in within the stock exchange. Namely, while the company just uplisted, they are in fact positioning themselves to up-list to the NASDAQ. This would require a $4.00 per share price.