Heliospectra: Green light in Canada
Research Update
2018-11-07
07:30
Heliospectra reported high sales growth in Q3 as expected. However, the company needs to continue increasing the average order size while also improving its gross margin to reach break-even. We see great potential for larger orders during the coming year, especially from the medical plants segment which is expected to flourish following the legalization of cannabis in Canada.
DB
HA
Dennis Berggren
Henrik Alveskog
Disclosures and disclaimers