📊 CBSTF Key Takeaways
Is Cannabist Co Holdings Inc. (CBSTF) a Good Investment?
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.
Cannabist Co Holdings shows weak fundamentals, with negative operating income, a deeply negative net margin, negative free cash flow, and negative operating cash flow despite generating over $250M in revenue. The balance sheet is especially stressed, with negative stockholders' equity, sub-1.0 current ratio, and heavy long-term debt, which materially raises solvency and refinancing risk. Until the company demonstrates sustained margin improvement and cash flow stabilization, the quality of the business remains poor.
Why Buy Cannabist Co Holdings Inc. Stock? CBSTF 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
- Cash balance of $17.8M provides minimal runway for near-term operations
- Revenue base is still meaningful at $253.70M, indicating an established operating footprint
- Gross margin of 27.3% suggests the core business retains some underlying product-level economics
- Capital expenditures are relatively modest, which may limit additional cash strain if operations stabilize
CBSTF Stock Risks: Cannabist Co Holdings Inc. Investment 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
- Negative stockholders' equity and high liabilities indicate serious balance-sheet weakness
- Persistent operating losses and a -49.0% net margin show the business is far from sustainable profitability
- Negative operating cash flow, negative free cash flow, weak liquidity, and negative interest coverage raise near-term financial stress risk
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
- Operating cash flow and free cash flow trend
- Operating margin improvement and current ratio
Cannabist Co Holdings Inc. (CBSTF) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
CBSTF Profit Margin, ROE & Profitability Analysis
CBSTF vs Market Sector: How Cannabist Co Holdings Inc. Compares
How Cannabist Co Holdings Inc. compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Cannabist Co Holdings Inc. Stock Overvalued? CBSTF Valuation Analysis 2026
Based on fundamental analysis, Cannabist Co Holdings Inc. has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Cannabist Co Holdings Inc. Balance Sheet: CBSTF Debt, Cash & Liquidity
CBSTF Revenue & Earnings Growth: 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 Revenue Growth, EPS Growth & YoY Performance
CBSTF Quarterly Earnings & 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.
Cannabist Co Holdings Inc. Dividends, Buybacks & Capital Allocation
CBSTF SEC Filings: Latest 10-K & 10-Q Analysis
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 a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 94% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CBSTF's key strengths?
Claude: Revenue base of $253.7M indicates established market presence and customer demand. Gross margin of 27.3% shows underlying product profitability at unit level. ChatGPT: Revenue base is still meaningful at $253.70M, indicating an established operating footprint. Gross margin of 27.3% suggests the core business retains some underlying product-level economics.
What are the risks of investing in CBSTF?
Claude: 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. ChatGPT: Negative stockholders' equity and high liabilities indicate serious balance-sheet weakness. Persistent operating losses and a -49.0% net margin show the business is far from sustainable profitability.
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?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is CBSTF a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Cannabist Co Holdings Inc. has a STRONG SELL rating with 94% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is CBSTF stock overvalued or undervalued?
Valuation metrics for CBSTF: ROE of N/A (sector avg: 15%), net margin of -49.0% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy CBSTF stock in 2026?
Our dual AI analysis gives Cannabist Co Holdings Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is CBSTF's free cash flow?
Cannabist Co Holdings Inc.'s operating cash flow is $-35.7M, with capital expenditures of $4.1M. FCF margin is -15.7%.
How does CBSTF compare to other Market stocks?
Vs Default sector averages: Net margin -49.0% (avg: 12%), ROE N/A (avg: 15%), current ratio 0.89 (avg: 1.8).