Financial Snapshot

Revenue
$490.9M
TTM
Gross Margin
36.31%
TTM
Net Earnings
-$122.9M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
91.96%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$24.00M
Q3 2024
Cash
Q3 2024
P/E
-1.854
Nov 29, 2024 EST
Free Cash Flow
-$4.614M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $511.3M $511.6M $460.1M $179.5M $77.46M $39.33M $29.18M
YoY Change -0.05% 11.19% 156.31% 131.74% 96.96% 34.76%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $511.3M $511.6M $460.1M $179.5M $77.46M $39.33M $29.18M
Cost Of Revenue $331.4M $310.4M $266.1M $113.7M $56.85M $22.87M $15.51M
Gross Profit $180.0M $201.2M $194.0M $65.77M $20.61M $16.45M $13.67M
Gross Profit Margin 35.2% 39.33% 42.17% 36.64% 26.61% 41.84% 46.84%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $199.6M $277.3M $191.0M $119.3M $119.5M $33.18M $19.39M
YoY Change -28.03% 45.18% 60.15% -0.22% 260.27% 71.13%
% of Gross Profit 110.9% 137.83% 98.46% 181.35% 580.04% 201.66% 141.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.73M $84.79M $53.00M $30.27M $15.19M $4.677M $3.898M
YoY Change -26.02% 59.97% 75.1% 99.29% 224.76% 19.98%
% of Gross Profit 34.86% 42.14% 27.32% 46.02% 73.7% 28.42% 28.51%
Operating Expenses $285.2M $617.5M $232.1M $140.1M $129.8M $50.79M $37.39M
YoY Change -53.81% 166.08% 65.66% 7.96% 155.47% 35.84%
Operating Profit -$105.2M -$416.2M -$38.04M -$74.30M -$109.1M -$34.34M -$23.72M
YoY Change -74.72% 994.3% -48.81% -31.92% 217.86% 44.76%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense -$50.69M -$48.35M -$16.73M -$24.87M -$1.698M -$7.700M -$7.293M
YoY Change 4.84% 189.03% -32.73% 1364.49% -77.95% 5.58%
% of Operating Profit
Other Income/Expense, Net -$63.66M -$16.45M $252.0K $146.0K $734.0K $4.534M -$972.0K
YoY Change 286.88% -6629.37% 72.6% -80.11% -83.81% -566.46%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income -$168.9M -$432.7M -$146.7M -$136.9M -$93.85M -$36.83M $8.062M
YoY Change -60.97% 194.92% 7.2% 45.83% 154.84% -556.82%
Income Tax $5.389M -$11.21M $139.0K -$3.665M $12.87M $2.831M $5.203M
% Of Pretax Income 64.54%
Net Earnings -$174.3M -$421.5M -$143.1M -$110.8M -$102.6M -$38.80M $3.361M
YoY Change -58.65% 194.54% 29.18% 7.98% 164.43% -1254.33%
Net Earnings / Revenue -34.09% -82.39% -31.1% -61.71% -132.44% -98.65% 11.52%
Basic Earnings Per Share -$0.44 -$1.06 -$0.42 -$0.41
Diluted Earnings Per Share -$0.44 -$1.06 -$422.4K -$476.3K -$488.5K -$190.8K $21.01K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $35.76M $48.15M $82.20M $61.11M $47.46M $46.24M $13.30M
YoY Change -25.73% -41.42% 34.51% 28.75% 2.64% 247.76%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $24.16M $50.34M $30.26M $14.87M $11.40M $3.358M $7.169M
YoY Change -52.0% 66.34% 103.5% 30.51% 239.34% -53.16%
Inventory $111.6M $127.9M $94.57M $130.3M $94.59M $66.86M $59.57M
Prepaid Expenses
Receivables $15.60M $10.09M $18.30M $7.414M $1.038M $904.0K $71.00K
Other Receivables $367.0K $691.0K $1.108M $0.00 $0.00 $42.76M $0.00
Total Short-Term Assets $187.5M $237.2M $226.4M $213.7M $154.5M $160.1M $80.11M
YoY Change -20.93% 4.74% 5.96% 38.33% -3.52% 99.88%
Property, Plant & Equipment $516.8M $577.9M $585.2M $302.1M $183.1M $39.79M $28.13M
YoY Change -10.58% -1.26% 93.71% 65.03% 360.03% 41.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $775.0K $775.0K $776.0K
YoY Change 0.0% -0.13%
Other Assets $35.23M $9.425M $5.937M $27.80M $19.31M $17.78M $10.37M
YoY Change 273.78% 58.75% -78.64% 43.95% 8.63% 71.4%
Total Long-Term Assets $635.6M $757.5M $1.150B $578.9M $247.8M $73.81M $38.50M
YoY Change -16.1% -34.13% 98.67% 133.63% 235.73% 91.72%
Total Assets $823.1M $994.7M $1.377B $792.6M $402.3M $233.9M $118.6M
YoY Change
Accounts Payable $29.80M $23.78M $44.01M $18.47M $20.08M $4.028M $3.428M
YoY Change 25.33% -45.97% 138.31% -8.05% 398.56% 17.5%
Accrued Expenses $49.29M $71.34M $136.0M $45.33M $9.135M $6.025M $2.605M
YoY Change -30.9% -47.55% 200.04% 396.22% 51.62% 131.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.24M $53.87M $6.976M $18.38M $6.185M $4.277M $200.0K
YoY Change -75.41% 672.18% -62.04% 197.11% 44.61% 2038.5%
Total Short-Term Liabilities $160.0M $203.1M $244.0M $149.0M $35.40M $15.31M $9.126M
YoY Change -21.21% -16.75% 63.79% 320.78% 131.25% 67.75%
Long-Term Debt $341.4M $332.3M $229.3M $276.8M $77.46M $0.00 $34.36M
YoY Change 2.73% 44.92% -17.18% 257.39% -100.0%
Other Long-Term Liabilities $256.3M $249.5M $272.9M $12.52M $5.798M $10.57M $6.476M
YoY Change 2.74% -8.58% 2080.3% 115.9% -45.13% 63.17%
Total Long-Term Liabilities $597.7M $581.8M $502.2M $289.3M $83.26M $10.57M $40.84M
YoY Change 2.74% 15.85% 73.57% 247.54% 687.89% -74.12%
Total Liabilities $756.2M $781.4M $805.1M $451.0M $134.0M $31.18M $50.65M
YoY Change -3.23% -2.94% 78.52% 236.56% 329.84% -38.46%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 402.8M 392.6M 338.8M 232.6M
Diluted Shares Outstanding 402.8M 392.6M 338.8M 232.6M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $227.8 Million

About Cannabist Co Holdings Inc.

The Cannabist Company Holdings, Inc. engages in the production and sale of cannabis-based medicinal products. The company is headquartered in Chelmsford, Massachusetts and currently employs 2,191 full-time employees. The company went IPO on 2019-04-29. The Company’s principal business activity is the production and sale of cannabis as regulated by the regulatory bodies and authorities of the jurisdictions in which it operates. The firm operates approximately 124 facilities, including 93 dispensaries and 31 cultivation and manufacturing facilities, including those under development. The firm is a multi-state provider of cannabis in the United States and delivers products and services to both the medical and adult-use markets. Its retail brand, Cannabist, creates a national dispensary network that leverages proprietary technology platforms. The firm offers products spanning flower, edibles, oils and tablets, and manufactures brands including Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber.

Industry: Agricultural Production-Crops Peers: Innoviva, Inc. AERIE PHARMACEUTICALS INC Amneal Pharmaceuticals, Inc. BIODELIVERY SCIENCES INTERNATIONAL INC COLLEGIUM PHARMACEUTICAL, INC DICE Therapeutics, Inc. NEKTAR THERAPEUTICS JOHNSON & JOHNSON SIGA TECHNOLOGIES INC