SeeThruEquity, a reputed independent equity research firm focused on micro-cap and small-cap companies, announced that it has initiated coverage on Stevia First Corp (OTCMKTS:STVF). The research firm has a price target of $1.04 on Stevia’s share price.
Ajay Tandon, the CEO of SeeThruEquity, said that Stevia First Corp (OTCMKTS:STVF) is an innovative ag-biotech firm. It is targeting a broad market of global diabetes and obesity epidemics by offering several nutritious and mass market food products. The company has the potential to become a threat to the industry that is dominated by high fructose corn syrup, sugar and artificial chemical sweeteners such as aspartame, saccharin and sucralose. Stevia is operating at the intersection of biotechnology and technology.
Tandon said that Stevia has a top-flight research team and an experienced management team. The research team is working on new projects so that it can meet critical unmet needs in the food and nutrition industries. Stevia First Corp (OTCMKTS:STVF) wants to solve the global supply issues by offering a natural, non-cancerous and zero-calorie sweetener known as ‘Stevia.’
Differentiated production process
The research firm appreciated the company’s proprietary production method. It is a combination of enzymatic bioprocessing and mechanized agriculture to reduce costs by increasing the output of Reb A or Stevia. This differentiated process with Stevia’s recent distribution deal with Qualipride International places the company well in the competitive market. Stevia First Corp (OTCMKTS:STVF) plans to get long-term supply contracts with leading multinational consumer beverage corporations as they are largest buyers of sweeteners.
Massive market opportunity
Stevia First wants to become a premier provider of its product ‘Stevia’ in the U.S. It is targeting a massive global market of sweeteners worth more than $58 billion annually. A major segment of this industry constitutes traditional nutritive sweeteners. Stevia will be one of the leading products in sugar substitutes market. Stevia First Corp (OTCMKTS:STVF) First is well positioned to capture a large market share in $11 billion sugar substitute industry.