Deveron Corp. (DVRNF)

A couple of weeks old:

Calling its new carbon platform “unique” with a “compelling” growth outlook, Raymond James analyst Steve Hansen initiated coverage of Deveron Corp. (FARM-X), a Toronto-based agriculture technology company, with a “strong buy” rating.

“In short, we believe Deveron is well-positioned to deliver outsized growth through our forecast horizon based upon the company’s unique competitive position, advanced M&A pipeline, and attractive secular tailwinds,” he said. “While still early innings, we believe Deveron is building something truly unique, underpinned by a vertically-integrated business model, the recent transformative acquisition of A&L Laboratories, and robust digital platform that bestows the firm with significant competitive advantage.”
“We believe Deveron is in the early innings of a strategic growth agenda that will see the company consolidate two highly fragmented and complimentary end-markets, namely: independent crop advisors and soil health laboratories. Not to be understated, we are equally drawn by Deveron’s compelling organic growth flywheel (2021: up 95 per cent), particularly as it relates to the company’s fledgling new carbon platform.”