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

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 1.07K
• Price to Earnings (P/E): 0.7
• Beta (1Y): -5.78
• 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: 0
• 30 Day Avg. Volume: 1,069
• PEG Ratio: 0.04
• Price to Book (P/B): -0.76
• Price to Sales (P/S): 17.78
• P/FCF Ratio: -4.57
• 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: 35 Underperform
• Price Target: ―
• Action: N/A Date: 01/29/25
• Date: Action: N/A 01/29/25

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.

Positive Factors

Strategic Expansion

The reverse takeover could enhance Cannibble's market position by expanding its footprint in the US cannabis market, potentially increasing revenue streams and market reach.

Product Innovation

Continuous product innovation helps Cannibble cater to diverse consumer preferences, driving long-term sales growth and strengthening its competitive edge in the cannabis-infused food sector.

Supply Chain Partnerships

Strong partnerships with suppliers ensure consistent quality and supply of cannabis ingredients, supporting product reliability and customer satisfaction, which are crucial for sustained business success.

Negative Factors

Declining Revenue

Significant revenue decline indicates challenges in market demand or competitive positioning, which could hinder long-term growth and financial stability if not addressed.

Negative Cash Flow

Negative cash flow suggests difficulties in generating sufficient cash from operations, potentially impacting the company's ability to invest in growth opportunities or meet financial obligations.

Weak Balance Sheet

A weak balance sheet with negative equity highlights financial instability, limiting the company's ability to secure financing and invest in strategic initiatives, posing a risk to long-term viability.

Cannibble Food-Tech Ltd. Business Overview & Revenue Model

Company Description

Cannibble Food-Tech Ltd. develops, produces, and distributes, premixed foods, beverages, nutritional supplements, and spices enhanced with cannabidiol (CBD) and hemp protein, for the wellness, health, and recreational market in Las Vegas and Nevada in the United States. The company provides various products under the Pelicann brand name, which include instant baking powders for cupcakes and pancakes under the CannaMix brand; powders for hot, cold, and iced beverages under the CannaShakes brand name; mediterranean salad and pizza spices under the CannaSpice brand name; hemp protein shakes under the Cannashakes Sports brand name; and CannaPop, a microwave instant popcorn mix. It offers its products through resellers, distributors, retail shops, and Pelicann online stores, as well as various e-commerce sites. The company was incorporated in 2018 and is based in Rosh HaAyin, Israel.

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	-2.15M	-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: Positive
• Last Price: 0.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PLCN, the sentiment is Positive. The current price of 0.15 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.08, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 55.98 is Neutral, neither overbought nor oversold. The STOCH value of 80.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
CWEB	51 Neutral	C$162.61M	-1.15	-109.83%	―	-4.23%	37.33%
OILS	50 Neutral	C$10.09M	-2.86	11.57%	―	-1.14%	―
OGI	47 Neutral	$252.70M	3.90	4.77%	―	62.15%	60.50%
LABS	45 Neutral	C$29.45M	-3.68	-19.10%	―	18.06%	34.58%
PLTH	42 Neutral	C$71.58M	-0.45	-83.55%	―	2.19%	-91.41%
PLCN	35 Underperform	―	0.73	―	―	―	―

Cannibble Food-Tech Ltd. Corporate Events

Cannibble Food-Tech Ltd. Announces Strategic Private Placement

Cannibble Food-Tech Ltd. has announced a private placement of convertible notes and warrants, aiming to raise up to US$250,000. The funds will be used to settle outstanding debts and for working capital. The convertible notes bear a 15% annual interest and can be converted into common shares, with warrants exercisable at a set price for five years. This strategic financial move is expected to strengthen Cannibble’s financial position, enabling it to continue its operations and potentially improve its market standing.