another analyst bullish on Vivo...fwiw
Power Growth says buy Vivo Cannabis if aggressive
2020-03-22 20:39 ET - In the News
Power Growth Investor, in the March, 2020, issue, says buy Vivo Cannabis Inc., recently 38 cents. This is the first time it has recommended the stock. It approves of Vivo's disciplined focus on high-quality cannabis products for Canadians. Unlike several other cannabis companies that pursued costly acquisitions in a race for market share (and are now regretting their ill-timed purchases), Vivo limited itself to two main growing sites and worked on developing a reputation for quality. It now offers premium cannabis and Cannabis 2.0 products (including vapes, edibles, topicals and concentrates) in Canada. Soon, it expects to receive European quality certification for its Canadian operations, which will open sales channels in Germany and elsewhere in Europe. "Vivo offers you growth at a penny price," declares Power Growth. It adds that Vivo improved its net loss to just three cents a share in the quarter ended Sept. 30, 2019, compared with four cents a share in the same period a year earlier, while sales soared to $6.3-million from $2.3-million. Power Growth rates Vivo's stock "a speculative buy for aggressive investors."