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Pascal Biosciences Inc ( (TSE:NEVI) ) has provided an announcement.
Nevis Brands Inc has launched its Major™ 100mg cannabis beverage shots in Illinois, expanding its presence in regulated dispensary markets. The company also announced new distribution agreements for its Happy Apple™ hemp-derived THC beverages in North Carolina and South Carolina, aiming to grow its retail presence in bars and specialty outlets. These strategic expansions are expected to enhance Nevis’s market position and revenue streams in both regulated and traditional retail channels.
Spark’s Take on TSE:NEVI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NEVI is a Neutral.
TSE:NEVI’s overall stock score is 47, reflecting a blend of moderate financial performance improvements and positive corporate events against the backdrop of bearish technical indicators and challenging valuation metrics. The company’s strategic expansions and revenue growth offer optimism, but profitability and cash flow remain key challenges to address.
To see Spark’s full report on TSE:NEVI stock, click here.
More about Pascal Biosciences Inc
Nevis Brands Inc is a leading provider of cannabis beverage brands, innovating and developing products consumed by millions across 11 states in the U.S. The company focuses on hemp-derived THC beverages and licenses its products to enhance offerings by cannabis manufacturers and distributors. Nevis is publicly traded on the CSE, US OTC, and Frankfurt Stock Exchange.
Average Trading Volume: 33,519
Technical Sentiment Signal: Sell
Current Market Cap: C$1.98M
See more data about NEVI stock on TipRanks’ Stock Analysis page.