📊 CBSTF Key Takeaways
Investment Thesis
Cannabist Co Holdings exhibits severe financial distress with negative stockholders' equity of -$151.7M, indicating liabilities exceed assets by a substantial margin. The company is burning cash with -$39.8M free cash flow while posting a -49.0% net margin on $253.7M revenue, demonstrating structural unprofitability that extends beyond operational challenges.
CBSTF Strengths
- Revenue base of $253.7M indicates established market presence and customer demand
- Gross margin of 27.3% shows underlying product profitability at unit level
- Cash balance of $17.8M provides minimal runway for near-term operations
CBSTF Risks
- Negative stockholders' equity of -$151.7M represents critical solvency risk and potential equity wipeout scenario
- Operating cash flow of -$35.7M combined with -$36.0M operating loss indicates unsustainable business model
- Current ratio of 0.89x and quick ratio of 0.48x demonstrate severe liquidity stress with insufficient current assets to cover short-term obligations
- Long-term debt of $299.3M with negative interest coverage of -1.1x indicates inability to service debt obligations
- Negative net margin of -49.0% means company loses $0.49 for every dollar of revenue generated
Key Metrics to Watch
- Path to operating profitability and timeline to positive operating cash flow
- Debt restructuring outcomes and refinancing options for $299.3M long-term debt
- Working capital trends and ability to maintain liquidity above current critical levels
CBSTF Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
CBSTF Profitability Ratios
CBSTF vs Default Sector
How Cannabist Co Holdings Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CBSTF Balance Sheet & Liquidity
CBSTF 5-Year Financial Trend
5-Year Trend Summary: Cannabist Co Holdings Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-1.06 indicates the company is currently unprofitable.
CBSTF Growth Metrics (YoY)
CBSTF Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $79.9M | -$1.9M | $0.00 |
| Q2 2025 | $86.4M | -$14.3M | $-0.03 |
| Q1 2025 | $87.4M | -$32.2M | $-0.07 |
| Q3 2024 | $114.8M | -$1.9M | $0.00 |
| Q2 2024 | $125.2M | N/A | $-0.03 |
| Q1 2024 | $122.6M | N/A | $-0.08 |
| Q3 2023 | $129.2M | N/A | $-0.09 |
| Q2 2023 | $129.2M | N/A | $-0.07 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CBSTF Capital Allocation
CBSTF SEC Filings
Access official SEC EDGAR filings for Cannabist Co Holdings Inc. (CIK: 0001776738)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CBSTF
What is the AI rating for CBSTF?
Cannabist Co Holdings Inc. (CBSTF) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CBSTF's key strengths?
Revenue base of $253.7M indicates established market presence and customer demand. Gross margin of 27.3% shows underlying product profitability at unit level.
What are the risks of investing in CBSTF?
Negative stockholders' equity of -$151.7M represents critical solvency risk and potential equity wipeout scenario. Operating cash flow of -$35.7M combined with -$36.0M operating loss indicates unsustainable business model.
What is CBSTF's revenue and growth?
Cannabist Co Holdings Inc. reported revenue of $253.7M.
Does CBSTF pay dividends?
Cannabist Co Holdings Inc. does not currently pay dividends.
Where can I find CBSTF SEC filings?
Official SEC filings for Cannabist Co Holdings Inc. (CIK: 0001776738) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CBSTF's EPS?
Cannabist Co Holdings Inc. has a diluted EPS of $-0.26.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.