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An announcement from Pascal Biosciences Inc ( (TSE:NEVI) ) is now available.
Nevis Brands Inc. has announced a licensing agreement with Stash House NM to produce and distribute its Major™ cannabis beverages in New Mexico, marking a significant expansion into the Southwest’s rapidly growing cannabis market. This move is expected to enhance Nevis’s market presence and capitalize on New Mexico’s burgeoning cannabis industry, which saw over $800 million in sales in 2024, and aligns with the company’s broader strategy of expanding its footprint across multiple states.
Spark’s Take on TSE:NEVI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NEVI is a Neutral.
The overall stock score is primarily influenced by the company’s financial performance and technical analysis. While there is some improvement in financial metrics, significant challenges remain, particularly in profitability and historical negative equity. The technical indicators suggest a bearish trend, and the valuation metrics highlight concerns due to the lack of profitability and dividend yield.
To see Spark’s full report on TSE:NEVI stock, click here.
More about Pascal Biosciences Inc
Nevis Brands Inc. is a prominent provider of cannabis beverage products, known for its flagship brand Major™. The company collaborates with leading cannabis product manufacturers and distributors to enhance product offerings and also distributes Hemp Derived THC products directly to consumers and through distributors where legal.
Average Trading Volume: 83,036
Technical Sentiment Signal: Sell
Current Market Cap: C$1.98M
For a thorough assessment of NEVI stock, go to TipRanks’ Stock Analysis page.