Cantor Fitzgerald assigned Tilray Inc. an overweight rating this week and said the new company -- it recently closed its merger with Aphria Inc. -- is alone among Canadian licensed producers with domestic scale and a credible overseas platform. Analyst Pablo Zuanic assigned the stock a $22 price target that is down from $30.25 before the merger, but about 11.5% above its current trading level. "Except in recent months (deal-related distraction?), Aphria was one of the best performers in Canada r Read More...
Bloomberg
Skincare Brand Paula’s Choice Said to Explore IPO This Year
(Bloomberg) — Paula’s Choice, which sells skincare products such as cleansers, sunscreen and moisturizers, is exploring going public as soon as this year, according to people with knowledge of the matter.The Seattle-based company, backed by private equity firm TA Associates since 2016, has held discussions with underwriters about raising $300 million or more in an initial public offering, said the people, who requested anonymity because the talks are private. Paula’s Choice previously explored
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