Sunniva (CSE:SNN): A Golden Opportunity in 2019
Sunniva: A Golden Opportunity In 2019 is a new report published on Seeking Alpha last week. The article is well worth your review as it was written by Kevin Jackson. I know a bit about Kevin’s investment philosophy as we follow each other on Seeking Alpha, he is a subscriber to the Let’s Toke Business newsletter and we exchange emails on investment matters on occasion. His moniker is “Budapest” Jackson because I believe he works and lives in Hungary. By the way, his price expectation for Sunniva is $10 to $20 per share.
Here is a summary of his thinking.
California’s legalization of cannabis on January 1st, 2018 started off with a global bang.
Sunniva’s stock began trading a few days after legalization and rocketed higher as investors salivated at the prospect of an operator that could dominate the world’s two biggest cannabis markets.
As the euphoria of legalization dissipated and Sunniva’s roadmap took a detour, its stock price plummeted and ended 2018 near an all-time low.
Sunniva's facility at Cathedral City, California is expected to reap its first harvest in Q2 19.
We believe the pendulum will reverse course yet again in 2019 and the stock will comfortably trade in a range of $10-$20 USD by year's end.
I recommend reading this report. You may be able to access Jackson’s article by clicking (here).