February 19, 2019 / 11:54 AM / in a year

BUZZ-Hexo Corp: Oppenheimer sees growth prospects; starts with "outperform"

** Brokerage Oppenheimer starts coverage of medical marijuana producer with “outperform” and $7 TP; sees global growth prospects

** Says co’s early success with new innovations and partnership with brewer Molson Coors as significant positive development for company and vote of confidence in its ability to execute

** Brokerage CIBC starts coverage with “outperformer” rating; says co’s future as an innovator is bright

** “Balance sheet and pedigree of senior management may not match some other competitors, but we believe reasonable upside exists with a much higher floor than most other producers in the cannabis space” - CIBC

** Says co’s joint venture with Molson Coors presents intriguing upside, and the courtship of partner with production and distribution expertise should not be understated (Reporting by: Aniruddha Chakrabarty)

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