Västra Hamnen Corporate Finance initiates monitoring of Heliospectra AB

In their initial analysis, Västra Hamnen Corporate Finance AB writes:

”The company has also benefitted from the wave of legalization sweeping across the world. Heliospectra sees strong demand from licensed 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.