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HIPH
SeeThruEquity analysts have placed a price target on HIPH common shares at $0.30 , which represents a potential upside of 471.4% from the recent price of $0.0525 on Oct. 9, 2018. In the report, the firm further outlines expectations for the Company, as the launch of its CBD beverage enables HIPH to enter the large and rapidly growing CBD market, which, in the U.S., generated sales of $820 million in 2017 and is projected to grow at a compounded rate of 54% to reach $3 billion by 2020, according to Greenware Advisors. The firm also highlights potential growth on the pharma side, as HIPH is optimistic it will benefit from the recent DEA action removing CBD as Schedule 1 drug when there is 0.1% or less trace amounts of THC. Such products will now be classified as Schedule 5 drugs, as long as the medications have been approved by the FDA. While LALPINA Hydro CBD is not FDA-approved, it contains non-detectable amounts of THC, and HIPH may now be in a position to explore partnerships for medical applications of a formulation of its product. The full report can be viewed at
http://www.seethruequity.com.
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