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Cannabist Company Holdings
(OTC:CBST)
Cannabist Company Holdings (CBST) vs. S&P 500 (SPY)
Cannabist Company Holdings Business Overview & Revenue Model
Cannabist Company Holdings Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 511.33M | 491.31M | 456.03M | 188.99M | 79.26M | Gross Profit |
| 179.97M | 136.13M | 146.92M | 52.68M | 13.47M | EBIT |
| -105.24M | -73.10M | -37.70M | -84.45M | -96.30M | EBITDA |
| -51.30M | -282.36M | -63.14M | -115.66M | -95.21M | Net Income Common Stockholders |
| -175.71M | -399.52M | -141.84M | -100.85M | -104.97M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 36.91M | 48.13M | 82.09M | 61.11M | 47.46M | Total Assets |
| 823.11M | 994.28M | 1.37B | 727.53M | 402.28M | Total Debt |
| 546.32M | 566.97M | 420.75M | 295.21M | 83.64M | Net Debt |
| 510.56M | 518.84M | 338.66M | 234.10M | 36.18M | Total Liabilities |
| 757.76M | 787.47M | 824.57M | 440.58M | 135.34M | Stockholders Equity |
| 66.53M | 213.19M | 570.62M | 306.82M | 268.27M |
| Cash Flow | Free Cash Flow | |||
| -2.50M | -179.70M | -132.64M | -97.42M | -140.38M | Operating Cash Flow |
| 7.47M | -106.99M | -518.40K | -52.27M | -61.13M | Investing Cash Flow |
| -3.50M | -72.34M | -189.67M | -24.02M | -93.38M | Financing Cash Flow |
| -14.12M | 147.59M | 200.66M | 90.00M | 155.76M |
Cannabist Company Holdings Technical Analysis
Cannabist Company Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | C$1.23B | ― | -12.12% | ― | 6.27% | 67.62% | |
56 Neutral | $988.67M | ― | -23.33% | ― | 0.67% | 19.14% | |
53 Neutral | $200.75M | ― | -18.27% | ― | 7.33% | 84.41% | |
52 Neutral | $5.35B | 3.96 | -42.60% | 2.86% | 17.58% | 1.27% | |
50 Neutral | $325.46M | 25.51 | 4.78% | ― | 16.39% | -98.10% | |
47 Neutral | $335.02M | ― | -84.50% | ― | -16.27% | ― | |
42 Neutral | C$227.80M | ― | -554.70% | ― | -9.05% | 45.26% |
Cannabist Company Holdings Earnings Call Summary
Cannabist Company Holdings Corporate Events
The Cannabist Company has received approval from its senior noteholders for a plan of arrangement that involves exchanging existing senior notes for new ones due in 2028 and issuing new common shares and warrants. This approval, which surpassed the required two-thirds majority, marks a significant step for the company, although the arrangement still requires court approval and faces opposition from a holder of the 2025 notes. The outcome of this arrangement could impact the company’s financial restructuring and its position in the cannabis industry.
Spark’s Take on TSE:CBST Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBST is a Neutral.
Cannabist Company Holdings is currently facing substantial financial difficulties, highlighted by declining revenues, negative cash flows, and high leverage. While technical indicators show limited momentum, they also hint at potential downside risks. Although recent corporate events suggest strategic efforts to improve market position and financial health, these initiatives need time to materialize. Overall, the stock presents significant risks with limited immediate upside potential.
To see Spark’s full report on TSE:CBST stock, click here.
The Cannabist Company has announced the launch of adult-use cannabis sales at its Mays Landing dispensary in New Jersey, marking its third location in the state. This expansion strengthens the company’s retail presence and supports its commitment to providing high-quality cannabis products to both medical and adult-use consumers. The grand opening event will feature promotions and a guest appearance by Ric Flair, enhancing community engagement and brand visibility. The company’s recent upgrades to its Vineland facilities further bolster its capacity to meet growing demand, positioning it favorably in the competitive cannabis market.
Spark’s Take on TSE:CBST Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBST is a Neutral.
Cannabist Company Holdings is currently facing substantial financial difficulties, highlighted by declining revenues, negative cash flows, and high leverage. While technical indicators show limited momentum, they also hint at potential downside risks. Although recent corporate events suggest strategic efforts to improve market position and financial health, these initiatives need time to materialize. Overall, the stock presents significant risks with limited immediate upside potential.
To see Spark’s full report on TSE:CBST stock, click here.
Cannabist Company Holdings has announced a strategic initiative aimed at enhancing its market presence and operational efficiency. This move is expected to strengthen the company’s position in the cannabis industry by optimizing its resources and expanding its market reach, potentially benefiting stakeholders through improved performance and growth prospects.
Spark’s Take on TSE:CBST Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBST is a Underperform.
Cannabist Company Holdings is grappling with significant financial difficulties, including declining revenues and negative cash flows. Despite strategic efforts to restructure and improve financial health, the stock remains unattractive due to its weak financial position and valuation metrics. Technical indicators show limited momentum, further weighing down the stock’s appeal.
To see Spark’s full report on TSE:CBST stock, click here.
The Cannabist Company announced that the Ontario Superior Court of Justice has granted an interim order for its plan of arrangement under the Canada Business Corporations Act. This plan involves the company and its subsidiaries, with a special meeting scheduled for Senior Noteholders to vote on the transaction. The transaction requires a two-thirds majority vote from Senior Noteholders and a final court order for approval. The outcome of this arrangement could significantly impact the company’s financial structure and market positioning.
The Cannabist Company reported a challenging financial performance for the fourth quarter and full year of 2024, with a decline in revenue and net income. Despite these results, the company is undergoing a transformation, implementing structural changes, and extending debt maturities to focus on optimizing operations and reducing costs. The company aims to simplify its business and improve financial performance in 2025, with plans to expand in Delaware, Virginia, and Ohio.
The Cannabist Company Holdings Inc. announced an agreement to extend the maturity date of its senior secured notes to December 2028, with options to extend through 2029. This strategic move is part of the company’s ongoing efforts to optimize its operations and financial structure, providing it with the flexibility to pursue growth opportunities and operational improvements. The transaction, which involves exchanging existing notes for new ones with extended maturity dates, is subject to court approval and reflects the company’s proactive approach to managing its financial obligations and strengthening its market position.