Zoglo's Incredible Food Corp. (ZOG.X) AI Stock Analysis

Zoglo's Incredible Food Corp.

(CNQX:ZOG.X)

Select Model

Rating:44Neutral

Price Target:CAD 0.04▲(46.67% Upside)

Action:reiterated

Date:01/09/26

The score is held down primarily by very weak financial performance (zero recent revenue, ongoing losses, negative equity, and renewed cash burn). Technicals provide some offset with the price trending above key moving averages, but overbought/soft momentum indicators temper the signal. Valuation support is limited because earnings are negative and no dividend yield is available.

Positive Factors

Plant-based product focusZoglo's core business targets plant-based meat alternatives, a structural consumer and retail trend toward vegan and flexitarian options. This enduring category demand expands the addressable market and supports long-term shelf space and foodservice opportunities if production and distribution are restored.

Negative Factors

Revenue fell to zeroA complete drop to zero reported revenue erodes the firm's fundamental business capacity and indicates severe distribution, production, or reporting disruption. Without demonstrable revenue recovery, fixed costs, customer relationships, and brand traction risk permanent impairment across months to quarters.

Zoglo's Incredible Food Corp. (ZOG.X) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 521.93K
Dividend Yield: ―
Average Volume (3M): 5,761
Price to Earnings (P/E): -6.6
Beta (1Y): 0.79
Revenue Growth: ―
EPS Growth: -29.09%
Country: Canada
Employees: 0
Sector: Consumer Defensive
Sector Strength: 62
Industry: Food Distribution

Zoglo's Incredible Food Corp. Business Overview & Revenue Model

Company Description

Zoglo's Incredible Food Corp., a plant-based food company, designs, develops, produces, distributes, and sells plant-based meat alternative products in Canada. It offers plant-based appetizers, veggies, and meat substitutes to fulfill consumers. The...

How the Company Makes Money

Zoglo's makes money primarily by selling its plant-based food products to customers in the food supply chain. Key revenue streams generally include: (1) wholesale/retail distribution sales, where products are sold to grocery retailers and distributor...

Zoglo's Incredible Food Corp. Financial Statement Overview

Summary

Financial quality is very weak: revenue fell to zero in 2023–2024, losses persist (negative EBIT and net income), equity is negative in 2022–2024 (solvency risk), and 2024 returned to significant operating/free cash burn. Lower recent debt and a smaller net loss in 2024 are positives but do not offset the core deterioration.

Income Statement

8Very Negative

Balance Sheet

12Very Negative

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Dec 2020
Income Statement
Total Revenue	0	0	0	1.88M	796.47K	0
Gross Profit	0	0	0	-1.25M	-148.60K	0
EBITDA	-514.29K	-478.41K	-218.79K	-994.47K	-7.74M	-10.12K
Net Income	-40.56K	-40.56K	-425.36K	-5.71M	-7.97M	-10.15K
Balance Sheet
Total Assets	27.12K	27.12K	57.00K	359.56K	9.71M	936.30K
Cash, Cash Equivalents and Short-Term Investments	2,263	2,263	39.72K	0	2.50M	839.66K
Total Debt	5,906	5,906	40.00K	3,403	2.53M	0
Total Liabilities	46.11K	46.11K	709.07K	929.76K	5.18M	96.39K
Stockholders Equity	-18.99K	-18.99K	-652.07K	-570.20K	4.53M	839.91K
Cash Flow
Free Cash Flow	-692.22K	-692.22K	9,880	-477.28K	-4.95M	-10.41K
Operating Cash Flow	-692.22K	-692.22K	9,882	-477.28K	-2.84M	-10.41K
Investing Cash Flow	0	0	-319.40K	-2.09M	-2.10M	0
Financing Cash Flow	654.76K	654.76K	349.24K	63.75K	6.61M	850.06K

Zoglo's Incredible Food Corp. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.03

Price Trends

50DMA0.03Positive

100DMA0.04Negative

200DMA0.04Negative

Market Momentum

MACD-0.00Negative

RSI17.66Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZOG.X, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 17.66 is Positive, neither overbought nor oversold. The STOCH value of is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ZOG.X.

Zoglo's Incredible Food Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

TSE:ZOG.X against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TSE:OGO	47Neutral	CAD 51.66M	-6.00	-76.61%	―	96.04%	63.06%
TSE:NPRA	45Neutral	CAD 32.16M	-22.57	30.14%	―	32.91%	55.73%
TSE:ZOG.X	44Neutral	CAD 491.47K	-6.62	290.24%	―	―	-29.09%

* Consumer Defensive Sector Average

Performance Comparison

TSE:ZOG.X and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:ZOG.X	Zoglo's Incredible Food Corp.	0.03	-0.01	-33.33%
TSE:OGO	Organto Foods	0.34	-0.26	-42.50%
TSE:NPRA	Nepra Foods, Inc.	0.26	0.15	142.86%
TSE:PTFY	Plantify Foods Inc	0.09	-0.29	-76.84%

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: Jan 09, 2026

Zoglo's Incredible Food Corp. AI Stock Analysis