Shares of Herborium Group (HBRM) seems to be stagnant, but it has lots of potential as it releases its medicine content and ecommerce platform.
The company focuses on botanical therapeutics and it is the provider of unique botanical medicinal products. Two months ago, the company announced that it is making considerable progress towards its goal of introducing a new, innovative, all natural product to expand Herborium’s product portfolio in Q3 of 2023.
In addition, the company has entered into an advanced planning stage for a unique content product to be launched in 2023. Content is the most sought after value creator in today’s digital commerce. The worldwide revenue generated by content was $208.3 billion in 2019 and is expected to grow to $414.2 billion by 2025.
The company also entered into Pacific Asian markets for its unique herbal acne treatment -AcnEase® to enter the fastest growing Asia Pacific $250 million dollar market.
Herborium signed a distribution agreement with Phinix Global Phinix Global is a part of GPS Alliance Holdings Limited (AU:GPS) which is listed on the Sydney Stock Exchange. GPS has extensive reach throughout South East Asia.
Should you buy Herborium Group (HBRM) stock?
Shares of Herborium Group (HBRM) appear to be a very good investment option, the stock analysis indicator is expecting its price to stay steady or rise considerably in the next several months. The majority of the metrics point to this investment being highly attractive.