Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<ul><li>Opportunity knocks. In a period of sector upheaval, Numinus remains a steadfast business, with operating profitability in clear line of sight.</li><li>The company is well positioned to benefit from reduced competition.</li><li>Field Trip, Delic clinic closures. On March 15, 2023, Field Trip Health &amp; Wellness announced that it will be closing five clinics located in Chicago, Washington DC, Seattle, San Diego, and Fredericton, the majority of its active nine clinics across North America, to “reduce expenditures and preserve capital”.</li></ul>

Opportunity knocks. In a period of sector upheaval, Numinus remains a steadfast business, with operating profitability in clear line of sight.The company is well positioned to benefit from reduced competition.Field Trip, Delic clinic closures. On March 15, 2023, Field Trip Health &amp; Wellness announced that it will be closing five clinics located in Chicago, Washington DC, Seattle, San Diego, and Fredericton, the majority of its active nine clinics across North America, to “reduce expenditures and preserve capital”.

Numinus Wellness

Numinus Stands Tall as Others Fall