Our pick last week, Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO), went from $1.66 on last Monday’s closing, to $2.50 by Friday (up 51%).
Companies in our list are up 69.5% on average since we initiated coverage vs 7.9% for the benchmark (TSXV).
Valuations of gold producers were up 3% WoW; base metal producers were down 5% due to lower copper and nickel prices.
Health Canada has stated that restrictions could be lifted when 75% have at least one dose, and 20% have their second dose. At current rates, we suspect this could happen by August 2021.
Recently released Statistics Canada data showed declines in illicit cannabis’ market share, amid a significant increase in the number of retail cannabis stores across the country. At the end of 2020, legal cannabis’ market share was 56% vs 50% in Q3.
