Opinions
Jaime Carrasco
Khiron Life Sciences
KHRN-X
TOP PICK
Aug 06, 2019
They're weed producers from Colombia where growing weed is easy. Khiron has a great brand in Colombia. Massive sales going into Europe and mostly Latin America. (Analysts’ price target is $6.38)
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Stock price when the opinion was issued
agriculture
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COMMENT
They are focused on the medical market in Columbia and more generally in Latin America. They are positioned to be one of the first Columbia-based companies to have product in the domestic market. Their CEO used to manage infrastructure projects for SNC. The other co-founder launched Advil into the country. Another executive has years of experience in the US Drug Enforcement Agency. This is a knowledgeable management team. They plan to replicate their model of doctor engagement throughout South America and Mexico.
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WATCH
He got stopped out of this. If you still own it, wait and hold. Cannabis is going through a normal consolidation. Maybe average down during tax-loss selling. He still likes it. Has a $3 target. They're becoming more of a marketing company and getting into pharmaceutical. They're in Colombia where CBD dominates the weed sector which will be a stepping stone to the rest of the world. Also, in Colombia the energy cost is zero.
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WATCH
He likes the company still. Out of Latin America, they will probably take the lead. The sector is going through consolidation and it is a time to go shopping. He would look more at Charlotte's Web who has solid earnings. However, below $1.00 there is still value for it. Latin America doesn't have the same perception there than here. They just got licenses from Brazil and Colombia. (Analysts’ price target is $3.25)
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