Aug. 14 at 11:33 AM
$ZVIA
Working in its favor, Zevia (ZVIA) was noted to have nearly two decades of brand equity, national distribution across approximately 39,000 doors, and first-mover credibility in naturally sweetened, zero-sugar soda. "However, we believe the Board and management team have failed to capitalize on the largest shift the soda aisle has seen in a generation," lamented Kanen Wealth.
Using the premium Poppi received from PepsiCo (PEP) and Olipop's estimated valuation, Kanen Wealth made the case that Zevia (ZVIA) should be valued at
$2.75 to
$3.75 per share in an acquisition scenario.
Shares of Zevia (ZVIA) were up 2.3% to
$1.33 in premarket trading vs. the 52-week range of
$1.11 to
$3.22.
From seeking alpha
