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Cannabist Company Holdings
(OTC:CBST)
Cannabist Company Holdings (CBST) vs. iShares MSCI Canada ETF (EWC)
Cannabist Company Holdings Business Overview & Revenue Model
Cannabist Company Holdings Earnings Call Summary
Cannabist Company Holdings Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 423.55M | 458.72M | 511.33M | 491.31M | 456.03M | 188.99M | Gross Profit |
| 148.35M | 168.30M | 179.97M | 136.13M | 146.92M | 52.68M | EBIT |
| -19.70M | -22.27M | -105.24M | -73.10M | -37.70M | -84.45M | EBITDA |
| 17.63M | 28.61M | -51.30M | -282.36M | -63.14M | -115.66M | Net Income Common Stockholders |
| -103.02M | -105.89M | -175.71M | -399.52M | -141.84M | -100.85M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 18.94M | 33.61M | 35.76M | 48.13M | 82.09M | 61.11M | Total Assets |
| 648.78M | 696.17M | 823.11M | 994.28M | 1.37B | 727.53M | Total Debt |
| 464.42M | 478.42M | 546.32M | 566.97M | 420.75M | 295.21M | Net Debt |
| 445.48M | 444.81M | 510.56M | 518.84M | 338.66M | 234.10M | Total Liabilities |
| 710.75M | 726.23M | 757.76M | 787.47M | 824.57M | 440.58M | Stockholders Equity |
| -60.61M | -28.69M | 66.53M | 213.19M | 570.62M | 306.82M |
| Cash Flow | Free Cash Flow | ||||
| -39.26M | -29.21M | -2.50M | -179.70M | -132.64M | -97.42M | Operating Cash Flow |
| -32.34M | -23.38M | 7.47M | -106.99M | -518.40K | -52.27M | Investing Cash Flow |
| 31.32M | 30.98M | -3.50M | -72.34M | -189.67M | -24.02M | Financing Cash Flow |
| -24.95M | -9.00M | -14.12M | 147.59M | 200.66M | 90.00M |
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 |
|---|---|---|---|---|---|---|---|
73 Outperform | C$239.65M | 17.82 | 4.76% | ― | 26.93% | ― | |
63 Neutral | $105.23M | 4.76 | 18.60% | ― | 26.78% | ― | |
54 Neutral | $5.24B | 3.27 | -45.39% | 2.80% | 16.77% | -0.07% | |
50 Neutral | $405.59M | 33.59 | 4.78% | ― | 16.39% | -98.10% | |
48 Neutral | C$146.09M | ― | -38.89% | ― | -6.80% | 11.94% | |
47 Neutral | $367.57M | ― | -122.10% | ― | -16.27% | ― | |
39 Underperform | C$227.80M | ― | -554.70% | ― | -14.45% | 44.87% |
Cannabist Company Holdings Corporate Events
The Cannabist Company Holdings Inc. has successfully completed a court-approved plan of arrangement, which involved exchanging existing senior secured notes for new senior notes due in 2028 and issuing new common shares and warrants to stakeholders. This strategic financial restructuring aims to enhance the company’s financial stability and operational flexibility, potentially strengthening its market position in the competitive cannabis industry.
The most recent analyst rating on (TSE:CBST) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Cannabist Company Holdings stock, see the TSE:CBST Stock Forecast page.
The Cannabist Company Holdings Inc. announced it has received court approval for its previously announced plan of arrangement under the Canada Business Corporations Act. This approval marks a significant step forward for the company, with the closing date targeted for May 29, 2025, pending regulatory approvals. The arrangement involves the issuance of new warrants to shareholders and is expected to impact the company’s operational structure and market positioning, enhancing its ability to deliver products and services across its network.
The most recent analyst rating on (TSE:CBST) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Cannabist Company Holdings stock, see the TSE:CBST Stock Forecast page.
The Cannabist Company reported a decrease in revenue for the first quarter of 2025, attributed to strategic closures and sales of underperforming locations. Despite the revenue drop, the company improved its gross margin and adjusted EBITDA margin through cost reduction and operational optimization. The company is undergoing a debt restructuring process and plans to further streamline its operations by divesting assets in Florida, California, and Illinois. The focus remains on liquidity, balance sheet management, and expanding retail operations in key markets.
The Cannabist Company reported a decrease in revenue for the first quarter of 2025, attributed to strategic closures and divestitures aimed at simplifying operations and improving margins. The company is focusing on liquidity and operational improvements, with plans to open new retail locations in Ohio and Virginia, while preparing for the transition to adult use in Delaware. The approval of a debt restructuring transaction by Senior Note holders marks a significant step towards financial stability, pending court approval in Canada.
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.
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.
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.
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.