Alcanna updated November 15, 2020

Alcanna Inc. is updated and rated Speculative Buy at $5.47. This is the formerly named Liquor Stores N.A. It came under new management over two years ago and they have taken a lot of actions to improve things. It reported good earnings on Friday after the close. This marks the second profitable quarter after  years of poor results. It is benefiting from the pandemic as liquor store sales are up with fewer people going to restaurants and bars. This appears set to continue for another quarter or two. The company also has retail Cannabis operations which could add to profits but which is also not a proven profit maker yet.

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