Cannabis Stock to Watch: Citation Growth Corp. (CSE:CGRO) (OTCQX:CGOTF)
Analysts from across the board are taking notice of Citation Growth Corp. (CSE:CGRO) (OTCQX:CGOTF) and are offering the company positive recommendations. Citation Growth Corp. (CSE:CGRO) (OTCQX:CGOTF)is a cannabis cultivation, processing, and branding company with high-quality cannabis operations in Nevada, Washington, California, and British Columbia.
Citation Growth Corp. (CSE:CGRO) (OTCQX:CGOTF)has quickly become an analyst favorite thanks to the company's ultra-premium organic dried cannabis flower and its portfolio of high-quality cannabis brands that offer everything from vape pens, sugar waxes, and live resins to hemp-infused skincare.
By mid-day on October 30, Citation Growth's (CSE:CGRO) (OTCQX:CGOTF)share price was up 7.69% on the Canadian Securities Exchange trading at $0.42 CAD, while the US-listed stock was trading at $0.32 USD, up 5.34%.
Citation Growth Corp. (CSE:CGRO) (OTCQX:CGOTF) has a market cap of $26.02 million CAD with 61,969,000 shares issued.
Citation Growth Corp. (CSE:CGRO) (OTCQX:CGOTF) has received a solid BUY recommendation from Investing.com's Daily Technical Analysis summary, with an impressive 12 Moving Average indicators suggesting "BUY" and 10 Technical Indicators indicating a "STRONG BUY."
Citation Growth Corp. (CSE:CGRO) (OTCQX:CGOTF) currently has a "BUY" recommendation from TradingView's technical analysis, which takes into account multiple indicators to give an overall assessment of the stock’s price and direction. According to the technical indicators—moving averages, oscillators, and pivots—the recommendation is a BUY.
Overall, the sentiment on the street for Citation Growth Corp. (CSE:CGRO) (OTCQX:CGOTF) is very positive with several BUY recommendations from multiple sources.
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