SeeThruEquity Initiates Peak Pharmaceuticals with Buy Rating
Ryan Allway
January 28th, 2015
News, Top Story
[stockchart symbol=CTCO]
SeeThruEquity, a leading independent equity research and corporate access firm focused on small-cap and micro-cap public companies, recently initiated Peak Pharmaceuticals Inc. [stockquote symbol=CTCO], a specialist in the development, manufacturing, sales and marketing of pharmaceutical-grade, hemp-based nutraceutical and supplement products for the human and animal health markets, with a buy rating and $1.26 per share price target.
“In our estimation Peak Pharmaceuticals, Inc. offers an intriguing way to invest in the cannabis market – a market with high growth potential that has been attracting attention recently due to efforts to expand legal uses of cannabis in the United States,” said Ajay Tandon, CEO of SeeThruEquity. “We see material growth potential for Peak Pharma in the upcoming quarters and are initiating coverage with a 12-month price target of $1.26.”
In the research coverage, SeeThruEquity highlights several aspects of the company’s story that make it a compelling investment opportunity:
- Large Initial Opportunity in Nutraceuticals. Peak Pharmaceuticals will initially focus on the human and pet nutraceutical industry as a rapid and cost-effective path to market. While the company’s initial CannaPet line-up is already on the market, the analyst expects the product line to expand in FY2015.
- Significant Long-term Potential. Peak Pharmaceuticals is a key player in the rapidly growing cannabis industry, which the analyst expects will grow from $1.3 billion in 2013 to $35 billion by 2020 if marijuana is legalized on a federal level. The nutraceutical industry is also growing at an attractive 6.5% CAGR.
The analyst’s $1.26 per share price target reflects a significant 563% premium over the current market price of $0.19 per share. While the investment is considered highly speculative, the report notes that the company is one of the few in the cannabis industry capable of generating revenue now without the need for further legalization. These attributes are due to the company’s use of hemp that it legally grows to extract CBDs.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
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