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Blueberries Medical (BBM) AI Stock Analysis

TSE:BBM

Blueberries Medical

(CNQX:BBM)

Select Model
Rating:43Neutral
Price Target:CAD 0.01â–¼(-6.67% Downside)
Action:reiterated
Date:10/28/26

The overall score of 43 reflects a high-risk, early-stage company with a fragile financial foundation. The most significant factor is the company's deeply unprofitable operations and declining revenue, which are rapidly consuming its equity. The primary strength is the improving operational efficiency, seen in better gross margins and a reduced cash burn rate, but this has not yet translated into financial stability. Technicals are neutral, and the negative P/E ratio underscores the speculative nature of the stock.

Positive Factors
Improved Gross MarginThe substantial improvement in gross margin indicates better economics on the revenue the company does generate. If maintained, stronger gross profitability can provide more resources to cover operating costs and improve the eventual path toward sustainable earnings.
Negative Factors
Revenue ContractionFalling trailing revenue weakens the scale needed to absorb the company’s operating cost base and makes a durable recovery more difficult. The choppy multi-year sales trend also suggests that growth has not yet become dependable enough to support predictable operating leverage.

Blueberries Medical (BBM) vs. iShares MSCI Canada ETF (EWC)

-40%-30%-20%-10%0%10%20%30%40%TSE:BBM0.00%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 4.47M
Dividend Yield
―
Average Volume (3M)
61.33K
Price to Earnings (P/E)
-7.1
Beta (1Y)
-2.21
Revenue Growth
-36.67%
EPS Growth
40.54%
Country
Canada
Employees
51
Sector
Healthcare
Sector Strength
51
Industry
Drug Manufacturers - Specialty & Generic

Blueberries Medical Business Overview & Revenue Model

Company Description

Headquartered in Bogotá, Colombia, Blueberries Medical Corp. operates within the medicinal cannabis industry. The company's activities encompass the entire process, from cultivating and developing to producing and supplying medical-grade cannabis and...

Blueberries Medical Financial Statement Overview

Summary

Financial performance is weak, driven by persistent and deep net losses (-384% margin) and declining TTM revenue (-7.2%). While gross margin improvement (36.9%) and a sharply reduced cash burn rate (-45.6% FCF improvement) are positive signals of operational efficiency, the company remains pre-revenue stage with a rapidly eroding equity base (ROE -332%). The balance sheet is stable post-deleveraging (D/E 0.29x) but on a declining trajectory.

Income Statement

18Very Negative

Balance Sheet

55Neutral

Cash Flow

35Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue278.21K312.29K471.41K288.27K235.45K138.75K
Gross Profit102.20K49.50K164.52K84.22K-17.72K-245.45K
EBITDA-695.46K-1.28M-1.04M-1.22M-811.47K-4.05M
Net Income-1.07M-1.67M-1.15M-1.64M-1.47M-5.15M
Balance Sheet
Total Assets670.10K679.62K1.38M2.42M3.35M3.59M
Cash, Cash Equivalents and Short-Term Investments14.77K26.39K66.08K818.16K1.41M1.34M
Total Debt8,282137.88K11.44K12.80K1.34M1.44M
Total Liabilities641.44K358.45K545.61K470.72K1.89M2.16M
Stockholders Equity28.66K321.17K834.81K1.95M1.47M1.43M
Cash Flow
Free Cash Flow-607.78K-1.24M-796.85K-1.35M-1.47M-1.73M
Operating Cash Flow-607.78K-1.24M-796.85K-1.33M-1.47M-1.68M
Investing Cash Flow009,003382.92K101.94K-48.77K
Financing Cash Flow394.76K1.18M-1,947539.10K1.35M2.77M

Blueberries Medical Technical Analysis

Technical Analysis SentimentPositive
Last Price0.01

Price Trends

50DMA0.01Positive
100DMA0.01Positive
200DMA0.01Positive

Market Momentum

MACD0.00Negative
RSI51.88Neutral
STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BBM, the sentiment is Positive. The current price of 0.01 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.01, and above the 200-day MA of 0.01, indicating a bullish trend. The MACD of 0.00 indicates Negative momentum. The RSI at 51.88 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BBM.

Blueberries Medical Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

TSE:BBM against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
TSE:BBMTSE:BBM43NeutralCAD 7.43M-7.14-332.63%―-36.67%40.54%
TSE:CDVATSE:CDVA41NeutralCAD 2.75M-1.0443.99%―-6.27%44.49%

* Healthcare Sector Average

Performance Comparison

-50%0%50%100%150%TSE:BBMTSE:BAMMTSE:CDVADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:BBM and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:BBMBlueberries Medical0.01-0.01-25.00%
TSE:BAMMBody & Mind 0.030.000.00%
TSE:CDVACordovaCann Corp0.03-0.00-16.67%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 28, 2026