GÖTEBORG, Sweden / SAN FRANCISCO, CA, July 4, 2019 - Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), has entered into an agreement with Västra Hamnen Corporate Finance AB to utilize their Market Focus service, which includes commission research. The analysis includes an independent review of the company, its products, markets, and competitors as well as a financial scenario that forms the basis for an assessment of a justified market valuation of the company.
In their initial analysis, Västra Hamnen Corporate Finance AB writes:
”The company has also benefitted from the wave of cannabis legalization sweeping across the world. Heliospectra sees strong demand from licensed cannabis growers, not least in Canada where it is setting up a subsidiary. But longer-term, we see a vastly bigger market opportunity among food growers. Even a tiny market share in greenhouse lighting for food production could add up to significant revenues on a 5 to 10-year horizon.
In our economic scenario, we have modeled a significant acceleration of revenues starting in 2020 and expect to see growing profits beginning in the latter half of 2021.”
The complete analysis is available on Västra Hamnen's website.
Ali Ahmadian, CEO of Heliospectra | +46 (0)72 203 6344 | [email protected]
Heliospectra AB (publ) (OTCQB: HLS, FIRST NORTH: HELIO) is the global leader in intelligent lighting technology, light control systems and related services for greenhouse and controlled plant growth environments. With the vision to make commercial crop production more connected and resource-efficient, Heliospectra integrates customized LED spectral strategies with real-time response and artificial intelligence to create predictable and reliable business forecasts and harvest results. Founded in 2006, Heliospectra is committed to helping growers and commercial producers across six continents consistently increase yields and produce crops with quality appearance, superior nutritional or medicinal value and longer shelf life, harvest after harvest. Heliospectra is the recipient of multiple international awards and recognitions. For more information, please visit https://www.heliospectra.com.
The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.
This information was submitted for publication, through the agency of the contact person set out above, at 14:45 CEST / 7:45 AM CDT on July 4th 2019.