Cannibble Food-Tech Ltd. (PLCN) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 1.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Healthcare
• Sector Strength: 45
• Industry: Drug Manufacturers - Specialty & Generic
• EPS (TTM): N/A
• Shares Outstanding: 26,023,895
• 10 Day Avg. Volume: 1,200
• 30 Day Avg. Volume: 1,041
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 35 Underperform
• Price Target: ―

Cannibble Food-Tech Ltd. faces substantial financial challenges, with declining revenues and negative cash flows significantly impacting its stability. Despite positive technical momentum, overbought signals warrant caution. The lack of valuation metrics further complicates the investment case, making the stock a high-risk proposition.

Cannibble Food-Tech Ltd. Business Overview & Revenue Model

Company Description

Cannibble Food-Tech Ltd. (PLCN) is an innovative food technology company specializing in the development and marketing of premixed foods, beverages, nutritional supplements, and spices infused with cannabis and hemp-derived ingredients. The company operates within the food and beverage sector, with a focus on catering to the growing demand for cannabis-infused products. Cannibble aims to provide consumers with a unique culinary experience by offering a diverse range of products that incorporate the benefits of cannabis in a safe and controlled manner.

How the Company Makes Money

Cannibble Food-Tech Ltd. generates revenue primarily through the sale of its cannabis-infused food and beverage products. The company's key revenue streams include direct sales to consumers through online platforms and distribution agreements with retail partners, including supermarkets and specialty stores that focus on health and wellness products. Cannibble also benefits from strategic partnerships with cannabis growers and extractors, ensuring a steady supply of high-quality cannabis ingredients. Additionally, the company's focus on innovation and product development allows it to continuously expand its product line, catering to various consumer preferences and dietary requirements, which further drives sales and revenue growth.

Cannibble Food-Tech Ltd. Financial Statement Overview

Summary

Cannibble Food-Tech Ltd. shows significant financial instability with declining revenues and negative profitability. A weak balance sheet with negative equity and poor cash flow management suggests high financial risk and urgent need for strategic improvement.

Income Statement

Cannibble Food-Tech Ltd. has faced declining revenue with a significant drop from $101,000 to $22,000 in the TTM period. The gross profit margin is negative, indicating cost issues. Net income improved but remained negative, suggesting persistent operational challenges. Despite a decrease in negative EBIT margin, the company shows instability in profitability.

Balance Sheet

The company's balance sheet is weak with negative stockholders' equity of $-2,441,000, indicating high financial risk. The equity ratio is negative, and there is no debt, which suggests reliance on equity financing. The financial structure is concerning with significant liabilities exceeding assets.

Cash Flow

Cannibble Food-Tech Ltd. has negative operating and free cash flows, reflecting poor cash management. Operating cash flow improved from prior periods but remains negative. The operating cash flow to net income ratio is negative, indicating cash generation issues relative to earnings.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.00K	101.00K	97.00K	221.00K	96.00K
Gross Profit	-39.00K	-58.00K	7.00K	35.00K	40.00K
EBITDA	191.00K	-1.05M	-2.03M	-1.71M	-655.00K
Net Income	180.00K	-1.08M	-1.81M	-2.55M	-654.00K
Balance Sheet
Total Assets	274.00K	350.00K	523.00K	981.00K	477.00K
Cash, Cash Equivalents and Short-Term Investments	8.00K	52.00K	267.00K	694.00K	304.00K
Total Debt	0.00	0.00	0.00	0.00	149.00K
Total Liabilities	2.71M	2.72M	2.24M	1.14M	673.00K
Stockholders Equity	-2.44M	-2.37M	-1.71M	-157.00K	-196.00K
Cash Flow
Free Cash Flow	-87.00K	-393.00K	-1.02M	-1.01M	-189.00K
Operating Cash Flow	-87.00K	-393.00K	-1.02M	-988.00K	-189.00K
Investing Cash Flow	-227.00K	-227.00K	1.00K	-50.00K	11.00K
Financing Cash Flow	38.00K	405.00K	659.00K	1.37M	416.00K

Cannibble Food-Tech Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PLCN, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.86 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PLCN.

Cannibble Food-Tech Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRUL	56 Neutral	1.96B	-8.30	-13.60%	―	4.92%	-64.84%
PLCN	35 Underperform		―		―	―	―
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

Cannibble Food-Tech Ltd. Corporate Events

Cannibble Plans Strategic Reverse Takeover

Cannibble Food-Tech Ltd. has announced a non-binding term sheet for a reverse takeover transaction with a US-based cannabis company, aiming to acquire it as a wholly-owned subsidiary. This strategic move is expected to enhance Cannibble’s market position but is subject to further negotiations and approvals.