Zelira Therapeutics Ltd (ZLDAF)

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Sequoia Financial Group Initiates Research Coverage on Zelira Therapeutics with Strong Buy Recommendation and a $0.14 Price Target

https://zeliratx.com/wp-content/uploads/2020/08/ZLD_200819_Sequoia_Initiation_Strong-Buy.pdf

Zelira Therapeutics Ltd (ASX: ZLD, OTCQB: ZLDAF), a global leader in the development of clinically validated cannabinoid medicines, is pleased to announce the initiation of research coverage of the company by Sequoia Financial Group.

Highlights:
Sequoia initiates coverage with STONG BUY recommendation
12 month price target of $0.14
Forecasts based on a conservative estimates of the market potential for HOPE™ (autism) and Zenivol™ (insomnia) only.
Valuations will be revised as additional drugs from the Zelira pipeline are launched into global markets.
Sequoia considers Zelria one of the most exciting stocks in the Australian medicinal cannabis sector.
Recent merger with US-based Ilera Therapeutics seen as a game changer and a key catalyst to accelerate the path to revenues.