Beacon calls it "just the beginning" for Lowell Farms, formerly Indus Holdings Inc.

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.

Click here for the full Beacon report.