Research Note
Zenabis Global Inc. (TSX: ZENA)
Friday, August 14, 2020
Having achieved back-to-back quarters of adjusted EBITDA profitability, Zenabis Global Inc. was upgraded to "speculative buy" from "hold" by Canaccord Genuity analyst Kimberly Hedlin. "We believe a pipeline of Cannabis 2.0 products will continue to boost revenues over the next couple of quarters while propagation segment net revenues will continue to grow beyond $20-million per quarter over the coming 24 months," she said.
Target: Ms. Hedlin raised her target to 45 cents from 20 cents.
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