The Globe and Mail reports in its Tuesday, Nov. 12, edition that Canaccord Genuity analyst Matt Bottomley has reaffirmed his "sell" recommendation for Canopy Growth. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Bottomley slashed his share target on Canopy by a loonie to $2.50. That is well below the average analyst price target of $7.15. Mr. Bottomley says in a note: "Overall, we view the quarter as largely muted in nature and the company's cash flow burn (while improved year over year) remains elevated in relation to Canopy's cash reserves and long-term debt obligations. In our view, management will need to continue to rely on its equity raises to bridge the gap, which would result in further near-term dilution (with Canopy's share count up about 19 per cent since their pervious reporting date)." The Globe reported on Oct. 27, 2022, that Mr. Bottomley had upgraded his recommendation for Canopy Growth to "buy" from "hold." The shares could then be had for $4.29. The Globe reported on June 19, 2024, that ATB Capital Markets analyst Frederico Gomes had started coverage on Canopy Growth with a "sector perform" recommendation. The shares could then be had for $9.74.