Beacon Securities LTD, March 3, 2021
Despite revising its FY21 forecast down for Indus Holdings Inc.Beacon rates Indus a Buy with a target price of C$5.00.
Indus' recent acquisition of Lowell Herb Co. and its flagship pre-roll brand represent a major inflection point for the company, says Beacon, so much so that the company has changed its name to Lowell Farms.
Beacon notes that Indus/Lowell Farms offers a great and growing brand at a cheap price, with huge margin expansion potential and a significant capacity expansion in the coming year.
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