TSE:CLIQ

9.05
0.11 (1.20%) 1d
0

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DON'T BUY
Alcanna
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. No longer backed by Aurora. Multiple attempts to redesign stores. Multiple products sold at steep discounts. Deteriorating margins.
merchandising / lodging
DON'T BUY
Alcanna

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. No longer backed by Aurora. Multiple attempts to redesign stores. Multiple products sold at steep discounts. Deteriorating margins. Unlock Premium - Try 5i Free

merchandising / lodging
HOLD
Alcanna
Over time it will come back. They have a strong position in liquor retailing and have moved into Cannabis. They are clearly going to be a survivor. They are going to be able to consolidate.
merchandising / lodging
RISKY
Alcanna
The dividend was very high, almost too high. The dividend was illuminated and the stock price took a hit. They are active in the alcohol space and marijuana. Have been raising money, and could be a potential acquisition for Aurora.
merchandising / lodging
WEAK BUY
Alcanna
He follows this closely. They're in liquor and now cannabis; they're growing same-stories and winning market share in Alberta for liquor. So when will we see a real improvement in margins? He expects them to deliver and for their cannabis division to perform well. CLIQ is well-positioned for cannabis. Profitability will come in a few years. Be patient. They will expand successfully.
merchandising / lodging
TOP PICK
Alcanna

It was an income trust, and so they distrbitued too much money and didn't keep enough cash to refurbish their stores and stay competitive. That hurt, then they the oil price fell (they're based in Alberta), then they made some dumb acquisitions. Aurora Cannabis and the Bitove family have since invested. They've cut prices to wipe out competition, then bought that competition--twice. This has worked. Eventually, they will raise prices now that they've wiped out those competitors. Alberta law limits other liquor stores within a certain radius from existing shops, so they have a moat. And they're getting into cannabis. This stock is starting to move. (Analysts’ price target is $8.05)

merchandising / lodging
WEAK BUY
Alcanna
They've struggled with their liquor business, and are expanding into cannabis in BC and Ontario, and that takes capital. You must be patient here like a few years, but they should make a lot of money in cannabis in the future. Now is a good time to look at CLIQ.
merchandising / lodging
PAST TOP PICK
Alcanna
(A Top Pick Apr 24/18, Down 47%) It's oversold. He's watching it and may buy back his position. They've gotten into cannabis retailing out west and are looking at Ontario where he expects them to have a strong presence. Note: Aurora bought 25% of CLIQ at $15/share (today $5). Ouch.
merchandising / lodging
DON'T BUY
Alcanna
The dividend isn't safe given company turmoil. They're converting Alberta liquor stores into cannabis retail, partnering with Aurora. This is a speculative play and a logistical challenge. It's difficult to run cannabis retail when you have no product to sell. The upside is that Aurora could just vertically integrate and own the entire channel.
merchandising / lodging
COMMENT
Alcanna
Pot retail and alcohol retail. Interesting as it has exposure to the marijuana space without the higher valuation. Even as he doesn't like the sector in general this is a good way to dip your toes in it.
merchandising / lodging
PAST TOP PICK
Alcanna
(A Top Pick Jan 23/18, Down 33%) Recently exited it. Aurora owns 25% of the company, but Ontario just said that a weed company can't own more than 9.9% of a retailer, so it's a challenge for them in how to develop their cannabis side. He'll continue to track this. There's risk to raise capital for them and that could pressure the share price.
merchandising / lodging
WATCH
Alcanna

It's now half-liquor, half-weed, but liquor hasn't seen much growth in Alberta, so one part of the business is sidways and the other is a question mark, probably upwards. There are too many if's with CLIQ, but he's been watching it for a
long time. 3.3% dividend

merchandising / lodging
BUY
Alcanna

He still likes it. They are a leading liquor retailer and will get into Cannabis. They will be getting into Ontario as well as where they are in Alberta. They generate free cash flow and earnings already. It is a stealth way to play the cannabis sector.

merchandising / lodging
BUY
Alcanna

The liquor and cannabis businesses are two distinct and different businesses. CLIQ-T are going through a very extensive renovation this year. They are doing the right long term thinks in the business but it will impact it short time. There is great long term upside.

merchandising / lodging
COMMENT
Alcanna

Dominant position in Alberta liquor, which is competitive, so they're diversifying. Trying to acquire licenses in cannabis, which is an interesting opportunity. Liquor business in turnaround mode which will improve over next few years, but market isn't giving value to the cannabis division. Will have a strong position when the licenses come through.

merchandising / lodging
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Alcanna(CLIQ-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Alcanna is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Alcanna(CLIQ-T) Frequently Asked Questions

What is Alcanna stock symbol?

Alcanna is a Canadian stock, trading under the symbol CLIQ-T on the Toronto Stock Exchange (CLIQ-CT). It is usually referred to as TSX:CLIQ or CLIQ-T

Is Alcanna a buy or a sell?

In the last year, there was no coverage of Alcanna published on Stockchase.

Is Alcanna a good investment or a top pick?

Alcanna was recommended as a Top Pick by on . Read the latest stock experts ratings for Alcanna.

Why is Alcanna stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Alcanna worth watching?

0 stock analysts on Stockchase covered Alcanna In the last year. It is a trending stock that is worth watching.

What is Alcanna stock price?

On 2022-04-01, Alcanna (CLIQ-T) stock closed at a price of $9.05.