1CM Inc (EPIC) AI Stock Analysis

• Market Cap: C$21.78M
• Dividend Yield: N/A
• Average Volume (3M): 106.00
• Price to Earnings (P/E): 10.4
• Beta (1Y): 1.45
• Revenue Growth: 34.71%
• 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: 117,736,940
• 10 Day Avg. Volume: 200
• 30 Day Avg. Volume: 106
• PEG Ratio: -2.70
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 0.38
• P/FCF Ratio: 11.03
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$0.17 ▲(5.00% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is supported by strong recent revenue growth and a relatively low-leverage balance sheet, but is held back by compressed, very thin margins and weak free-cash-flow conversion. Technicals are also soft (negative MACD and below key longer-term moving averages), while valuation is not compelling given the ~33 P/E and lack of dividend support.

Positive Factors

High revenue growth

Sustained, large top-line expansion (~223% TTM) indicates successful commercial traction and market adoption. Over the next 2-6 months this scale can support fixed-cost absorption, broaden customer relationships, and enable reinvestment in product and commercial channels to entrench market position.

Conservative leverage

Low leverage provides balance-sheet flexibility to fund growth, absorb shocks, or pursue opportunistic investments without heavy interest burdens. This financial conservatism reduces bankruptcy risk and preserves optionality for R&D, partnerships or selective M&A over the medium term.

Positive operating cash flow

Move to positive operating cash flow signals improving cash generation from core operations. This strengthens the company’s ability to fund working capital and ongoing operations internally, reducing immediate reliance on external financing and supporting more durable operational planning.

Negative Factors

Very thin margins

Extremely low and declining gross and net margins materially constrain the company’s ability to convert revenue into sustainable profits. This makes earnings highly sensitive to cost or pricing pressure, limits reinvestment capacity, and hampers long-term margin expansion prospects absent structural changes.

Weak free cash flow conversion

Very low FCF and steep decline versus prior periods indicate earnings are not reliably turning into spendable cash. Poor cash conversion increases dependence on external funding for growth or capex, reduces buffer for downturns, and undermines durable shareholder returns.

Low return on equity

ROE near 2% signals weak capital efficiency: invested equity is generating minimal returns. Over time this constrains the ability to self-fund growth, dampens investor appeal, and suggests management must materially improve margins or asset productivity to lift long-term shareholder value.

1CM Inc Business Overview & Revenue Model

Company Description

1CM Inc. operates as a multidimensional cannabis company. It focuses on retail customers and technology to democratize cannabis markets. The company was formerly known as Leviathan Natural Products Inc. and changed its name to 1CM Inc. in September 2022. 1CM Inc. is based in Markham, Canada.

How the Company Makes Money

1CM Inc generates revenue primarily through a subscription-based model for its software solutions, providing clients with access to its suite of digital marketing tools and e-commerce services. Additional revenue streams include consulting services, where the company advises businesses on best practices for digital strategy and implementation. The company also collaborates with strategic partners in the tech and marketing sectors to enhance its service offerings, which can lead to joint revenue opportunities and co-marketing initiatives. Furthermore, 1CM Inc may earn commissions or fees from affiliate marketing programs integrated within its platforms, contributing to its overall earnings.

1CM Inc Financial Statement Overview

Summary

Revenue scaled sharply (~223% TTM), and the balance sheet is conservatively levered (debt-to-equity ~0.17). However, profitability is thin (TTM gross margin ~6.8%, net margin ~0.9%) with meaningful margin compression versus 2024, and cash flow quality is weak (free cash flow ~0.19M, down ~76%, with low FCF-to-net income ~0.10x).

Income Statement

TTM (Trailing-Twelve-Months) revenue is up strongly versus the prior annual period (revenue growth of ~223%), showing meaningful scale-up. Profitability, however, is thin: gross margin is ~6.8% and net margin is ~0.9% in TTM, and margins have compressed versus 2024 (gross margin ~19.5%, net margin ~1.1%). The company is profitable in the most recent periods, but the earnings profile remains low-margin and sensitive to cost pressures.

Balance Sheet

Leverage looks conservative in the latest period with debt-to-equity around ~0.17 in TTM and equity of ~$29.6M against ~$4.9M of debt, providing balance-sheet flexibility. Total assets are stable (~$42.8M TTM). Return on equity is modest (~2.2% TTM), indicating profitability is not yet translating into strong shareholder returns, but overall balance-sheet risk appears contained versus earlier years.

Cash Flow

Operating cash flow is positive in TTM (~$2.0M), but free cash flow is very light (~$0.19M) and down sharply (free cash flow growth ~-76%), suggesting higher reinvestment needs and/or weaker cash conversion. Free cash flow relative to net income is low (~0.10x), pointing to profits not consistently turning into durable free cash generation. This is an improvement from the historically negative cash flow periods, but recent cash flow quality is uneven.

Breakdown	Nov 2025	Nov 2024	Aug 2023	Nov 2022	Aug 2021
Income Statement
Total Revenue	73.37M	57.22M	35.34M	842.49K	341.81K
Gross Profit	6.65M	11.18M	7.61M	-428.00K	-148.00K
EBITDA	2.88M	2.86M	1.31M	-3.36M	-3.57M
Net Income	484.85K	615.91K	-914.00K	-4.73M	-4.56M
Balance Sheet
Total Assets	43.52M	39.87M	34.02M	28.23M	9.32M
Cash, Cash Equivalents and Short-Term Investments	6.15M	4.97M	3.08M	2.24M	162.46K
Total Debt	3.42M	7.85M	6.39M	11.13M	12.26M
Total Liabilities	14.65M	12.14M	9.42M	12.85M	13.78M
Stockholders Equity	28.87M	27.73M	24.60M	15.38M	-3.85M
Cash Flow
Free Cash Flow	2.51M	762.99K	-4.37M	-2.75M	-2.01M
Operating Cash Flow	2.71M	2.47M	-1.75M	-2.53M	-1.99M
Investing Cash Flow	-627.84K	-1.71M	1.33M	1.75M	-150.80K
Financing Cash Flow	-1.57M	1.13M	1.26M	2.85M	2.30M

1CM Inc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.16
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EPIC, the sentiment is Neutral. The current price of 0.16 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.18, and below the 200-day MA of 0.25, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.54 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:EPIC.

1CM Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ROMJ	55 Neutral	C$31.91M	3.70	7.78%	―	28.55%	―
EPIC	54 Neutral	C$21.78M	10.42	―	―	34.71%	―
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
AVCN	46 Neutral	C$23.25M	-5.08	-77.67%	―	2.41%	74.61%
LABS	45 Neutral	C$29.45M	-3.68	-19.10%	―	18.06%	34.58%
PCLO	44 Neutral	C$8.46M	5.19	―	―	15.64%	58.47%
GWAY	44 Neutral	C$17.27M	-44.16	-7.43%	―	19.66%	84.34%

1CM Inc Corporate Events

1CM Inc. Promotes Antony Pramoth to Chief Financial Officer

1CM Inc. has appointed internal candidate Antony Pramoth as its new Chief Financial Officer, replacing former CFO Harshil Chovatiya with immediate effect. The promotion of Pramoth, who has been with the company since October 2023, signals a continuity-focused leadership transition in the finance function as 1CM pursues its strategy of expanding cash-flow positive cannabis and liquor retail locations through organic growth and acquisitions.

The most recent analyst rating on (TSE:EPIC) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on 1CM Inc stock, see the TSE:EPIC Stock Forecast page.

SNDL Closes First Tranche of Cannabis Store Acquisition from 1CM

SNDL Inc. has completed the acquisition of five cannabis retail stores in Alberta and Saskatchewan from 1CM Inc., marking the first closing under an amended arrangement agreement between the two companies. A second and final closing, covering an additional 27 cannabis retail stores in Ontario, is expected in the first half of 2026 pending regulatory approvals, positioning SNDL to further consolidate its presence in Canada’s cannabis retail market while allowing 1CM to recycle capital and focus on its broader growth strategy.

The most recent analyst rating on (TSE:EPIC) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on 1CM Inc stock, see the TSE:EPIC Stock Forecast page.

SNDL and 1CM Amend Cannabis Retail Acquisition Agreement

SNDL Inc. and 1CM Inc. have amended their arrangement agreement to facilitate the acquisition of 32 cannabis retail stores in Ontario, Alberta, and Saskatchewan for $32.2 million. The transaction will be completed in two stages due to regulatory approval timelines, with the first stage expected to close in January 2026. The deal’s completion timeline has been extended to May 2026, and 1CM plans to return a portion of the net proceeds to shareholders after the second closing.

The most recent analyst rating on (TSE:EPIC) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on 1CM Inc stock, see the TSE:EPIC Stock Forecast page.