Young America Capital Initiates Research Coverage on CFN Enterprises, Inc. with Speculative Buy and a $0.23 Price Target.
NEW YORK, Nov. 21, 2019 /PRNewswire/ -- Young America Capital, Inc ("Young America") Initiates on CFN Enterprises, Inc. (OTCQB: CNFN) ("the Company") with Speculative Buy rating and a $0.23 Price Target.
We believe in CFN Enterprises' expertise in building and optimizing online performance-based marketing campaigns in the CBD space. We have a positive view on its direct to consumer (D2C) initiatives to educate CBD consumers as it fully utilizes the power and the scale of its digital media platform. We see CFN Enterprises has the first-mover advantage in helping leading CBD advertisers in building their brands and educate CBD consumers both in the US and globally. Over time, we think this foundation could enable the company to become a leading affiliate marketing player in the cannabis and CBD space. - said Shajan Ninan, Managing Director and Research Principal.
We are thrilled that Y A Capital's analysis supports our enthusiasm about participating in the next chapter of growth in the multibillion-dollar cannabis and CBD industries following the acquisition and integration of CFN Media," said Brian Ross, CEO of CFN Enterprises Inc. "The analyst recognized that combining a leading global cannabis media brand, with decades of performance-based marketing expertise enables us to capitalize on revenue generating opportunities that exist today within this new and ever-expanding industry and its subsets." -said Brian Ross, CEO of CFN Enterprises.
About Young America Capital:
Young America Capital, LLC is a FINRA/SEC licensed broker dealer based in the New York metro area serving the investment banking needs of early stage and middle market companies. We also offer specialized services to both funds and investors in the Alternative Investment arena.
Through its team of experienced investment banking advisors and funds marketing executives, Young America provides customized services to raise debt and equity capital, engage in buy and sell side mergers & acquisitions, and secure institutional capital commitments for established or new alternative fund managers. We encourage you to explore our site and learn more about the services we provide. Please feel free to contact us if you have any questions or would like more information on our firm. We look forward to hearing from you.
About CFN Enterprises, Inc.:
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media, the leading creative agency and media network dedicated to the global legal cannabis industry. Since 2013, CFN Media has enabled the world's preeminent cannabis companies to thrive in the capital and public markets through CannabisFN.com's breaking news, exclusive content and original programming involving the people, companies and investments shaping the industry. https://cfnenterprisesinc.com/
Research Contact:
Shajan Ninan
shajan@yacapital.com
For full report please contact Shajan Ninan at shajan@yacapital.com or (516) 987-1656 or compliance@yacapital.com
Disclosures:
Ratings definitions
Buy: The growth prospects, degree of investment risk, and valuation make the stock attractive relative to the general market or comparable stocks. Describes stocks that we expect to provide a total return (price appreciation plus yield) of 12% or more within a 12-month period.
Speculative Buy: Long term prospects of the company are promising but investment risk is significantly higher than it is in our BUY-rated stocks. This is a risk rating assigned to early-stage companies with minimal to no revenues, lack of earnings, balance sheet concerns, and/or a short operating history. Accordingly, fundamental risk is expected to be significantly above the industry. Because of the inherent fundamental criteria of the companies falling within this risk category, the price volatility is expected to be significant with the possibility that the investment could eventually be worthless. Speculative stocks may not be suitable for a significant class of individual investors.
Hold: Based on our outlook the stock is adequately valued.
Sell: Describes stocks that we expect to provide a total negative return (price appreciation plus yield) of 10% or more within a 12-month period. Based on our outlook the stock is significantly overvalued. A weak company or industry outlook and a high degree of investment risk make it likely that the stock will underperform relative to the general market.
Discontinuing Coverage
Describes research coverage discontinued due to the acquisition of the company, termination of research services, non-payment for such services, diminished investor interest, or departure of the analyst.
Regulation Analyst Certification ("Reg AC"): I, Shajan Ninan, attest that the views expressed in this research report accurately reflect my personal views about the subject security and the issuer. All research issued by us is based on public information and guidance from the company. Furthermore, no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation or views expressed in this research report. The research analyst is primarily responsible for the preparation of this research report. As of the date of this report, the research analyst/member of their family has no position in the common stock of CFN Enterprise, Inc.
IMPORTANT DISCLOSURES
This report has been prepared by Young America Capital, LLC (YAC). YAC is a broker-dealer registered with the SEC and member of FINRA, the NASDAQ Stock Market and the Securities Investor Protection Corporation (SIPC). The address for YAC is141 East Boston Post Road, Mamaroneck, NY 10543. Many of the securities discussed in YAC's research reports are emerging growth companies that typically involve a significantly higher degree of risk than the securities of more established companies. These securities may be unsuitable for some investors depending on their specific investment objectives, financial status, risk profile or particular needs.
The price target, if any, contained in this report represents the analyst's application of a formula to certain metrics derived from actual and estimated future performance of the company. Analysts may use various formulas tailored to the facts and circumstances surrounding a specific company to arrive at the price target. Various risk factors may impede the company's securities from achieving the analyst's price target, such as an unfavourable macroeconomic environment, a failure of the company to perform as expected, the departure of key personnel or other events or circumstances that cannot be reasonably anticipated at the time the price target is calculated. YAC may change the price target on this company without notice. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources YAC believes to be reliable, however, YAC does not guarantee its accuracy and does not purport to be complete. Opinion is as of the date of the report unless labelled otherwise and is subject to change without notice. Updates may be provided based on developments and events and as otherwise appropriate. Updates may be restricted based on regulatory requirements or other considerations. Consequently, there should be no assumption that updates will be made. YAC disclaims any warranty of any kind, whether express or implied, as to any matter whatsoever relating to this research report and any analysis, discussion or trade ideas contained herein. This research report is provided on an "as is" basis for use at your own risk, and neither YAC nor its affiliates are liable for any damages or injury resulting from use of this information. This report should not be construed as advice designed to meet the particular investment needs of any investor or as an offer or solicitation to buy or sell the securities or financial instruments mentioned herein. Some or all of the securities and financial instruments discussed in this report may be speculative, high risk, and unsuitable or inappropriate for many investors. Neither YAC nor any of its affiliates make any representation as to the suitability or appropriateness of these securities or financial instruments for individual investors. Investors must make their own determination, either alone or in consultation with their own advisors, as to the suitability or appropriateness of such investments based upon factors including their investment objectives, financial position, liquidity needs, tax status, and level of risk tolerance. These securities and financial instruments may be sold to or purchased from customers or others by YAC acting as principal or agent. Securities and financial instruments issued by foreign companies involve certain risks, including differences in accounting, reporting, and registration, as well as foreign currency, economic, and political risks. This report and the securities and financial instruments discussed herein may not be eligible for distribution or sale in all jurisdictions and/or to all types of investors. This report is provided for information purposes only and does not represent an offer or solicitation in any jurisdiction where such offer would be prohibited. Commentary regarding the future direction of financial markets is illustrative and is not intended to predict actual results, which may differ substantially from the opinions expressed herein. The information and rating included in this report represent the long-term view as described more fully in the Key to Investment Ratings included in this report. The analyst may have different views regarding short-term trading strategies with respect to the securities covered by the rating, options on such securities, and/or other securities or financial instruments issued by the company. YAC's sales and/or trading personnel may make recommendations to their customers that are contrary to the recommendations contained in this research report. Such recommendations or investment decisions are based on the particular investment strategies, risk tolerances, and other investment factors of that particular customer. From time to time, YAC, its affiliated entities, and their respective directors, officers, employees, or members of their immediate families may have a long or short position in the securities or other financial instruments mentioned in this report.
Our statement regarding research analysts' conflicts of interest is available at: http://www.yacapital.com
All of the views expressed in this research report accurately reflect the research analyst's personal views about any and all of the subject securities or issuers. No part of the research analyst's compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the research analyst in the subject company of this research report. Research analysts are not directly compensated for specific revenue generated by the firm's investment banking transactions/activities.
General Disclosures
Young America Capital, LLC expects to receive or intends to seek compensation for investment banking services from all of the companies in its research universe in the next three months. Investors should assume that Young America Capital, LLC. is soliciting or will solicit investment banking or other business relationships from the company covered in this report over the next three months. Security prices in this report may either reflect the previous day's closing price or an intraday price, depending on the time of distribution. Designated trademarks and brands are the property of their respective owners.
Specific Disclosures
Young America Capital, LLC or its affiliates expects to receive or intends to seek compensation for investment banking services from CFN Enterprises, Inc. in the next 3 months.
CFN Enterprises, Inc. currently is, or during the 12-month period preceding the date of distribution of the research report was a non-investment banking and non-securities related services client of Young America Capital.
Young America Capital is contractually obligated to coordinate research coverage for CFN Enterprises, Inc. The research reflects the independent opinion of the research analyst and Young America Capital has not represented to CFN Enterprise, Inc. that the research will recommend an investment in CFN Enterprise, Inc.'s securities or be otherwise favourable to CFN Enterprises, Inc.
Young America Capital received compensation for products or services other than investment banking services from CFN Enterprises, Inc. in the past 12 months, including, among other things, corporate services and advice on strategic initiatives, financing solutions, capital structure and publishing research. In October 2019, CFN Enterprises, Inc. paid YAC a monetary fee of $10,000 (USD) representing payment for the creation and dissemination of Initial research report. After publication of the initial report, the company will begin paying YAC a monthly monetary fee of $2,000 (USD) for the creation and dissemination of research reports for a minimum of 11 months.
Young America Capital, LLC. does not makes a market in CFN Enterprises, Inc.
Ratings Distribution & Investment Banking
Rating
Count
Rating Distribution
Count
*Investment Banking
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Speculative
Rating 1 100% 1 100%
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*Percent of companies under research coverage from which YAC received compensation for investment banking services provided in the previous 12 months or expects to receive or intends to seek in the next three months.
Young America Capital, LLC. archives and reviews outgoing and incoming email. Such may be produced at the request of regulators. Sender accepts no liability for any errors or omissions arising as a result of transmission. Use by other than intended recipients is prohibited. The information contained herein is based on information obtained from sources believed to be reliable but is neither all-inclusive nor guaranteed by Young America Capital, LLC. No independent verification has been made as to the accuracy or completeness of the information. Opinions, if any, reflect our judgment at the time the report is first published and are subject to change without notice. Young America Capital, LLC. does not undertake to advise you of changes in its opinion or information.
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