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Cannabist Company Holdings (CBSTF)
OTHER OTC:CBSTF
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.02Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -37.50%
|Next Earnings Date:Aug 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant progress in debt restructuring and footprint optimization, but also highlighted challenges with revenue decline, negative cash flow, and liquidity constraints.Company Guidance
During The Cannabist Company's First Quarter 2025 Earnings Conference Call, the company provided detailed guidance on its financial and operational strategies amid a challenging market environment. The call highlighted the successful approval of a debt restructuring transaction, which saw over 75% approval from senior noteholders, crucial for managing the upcoming maturity of $59.5 million of 6% senior secured notes due in June 2025. The company reported $87 million in revenue for Q1, with an adjusted EBITDA of $7.1 million and an adjusted EBITDA margin increase of over 200 basis points to 9.5%. Despite a challenging environment, the company achieved a 36% adjusted gross margin, up 50 basis points from the previous quarter. The Cannabist Company is actively optimizing its footprint, exiting several markets such as Washington, D.C., Florida, and California, and divesting underperforming assets. It maintains a focus on key markets like Colorado, Maryland, New Jersey, Ohio, and Virginia, and plans to open new stores in Ohio and Virginia in 2025. Furthermore, wholesale revenue increased by 3.5% sequentially, although wholesale gross margins declined, offset by improved retail gross margins. The company anticipates continued divestiture impacts and regulatory outcomes to influence future performance, with a projected mid- to high single-digit percent decline in revenue for Q2.Debt Restructuring Approval
The company successfully received approval from over 75% of senior noteholders for the debt restructuring transaction, a crucial step towards improving financial stability.
Footprint Optimization Progress
The Cannabist Company made significant strides in footprint optimization by exiting underperforming markets such as Missouri, Utah, Puerto Rico, Washington D.C., Florida, and California, reducing active markets from 18 to 10.
New Store Openings and Brand Expansion
Opened a third dispensary in New Jersey; launched the 'dreamt' brand in Massachusetts, New Jersey, and Virginia, achieving notable success in Maryland.
Adjusted EBITDA Margin Improvement
The company reported an increase in adjusted EBITDA margin by more than 200 basis points sequentially to 9.5%, indicating slow but steady improvement.
CBSTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CBSTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $0.08 | $0.07 | -12.50% |
Mar 13, 2025 | $0.05 | $0.04 | -20.00% |
Nov 07, 2024 | $0.14 | $0.14 | 0.00% |
Aug 08, 2024 | $0.23 | $0.25 | +8.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cannabist Company Holdings (CBSTF) report earnings?
Cannabist Company Holdings (CBSTF) is schdueled to report earning on Aug 18, 2025, TBA Not Confirmed.
What is Cannabist Company Holdings (CBSTF) earnings time?
Cannabist Company Holdings (CBSTF) earnings time is at Aug 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CBSTF EPS forecast?
CBSTF EPS forecast for the fiscal quarter 2025 (Q2) is -0.03.