New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$19.2m market cap, or US$13.5m). Reported Earnings • May 05
First quarter 2026 earnings released: EPS: CA$0.01 (vs CA$0.003 in 1Q 2025) First quarter 2026 results: EPS: CA$0.01 (up from CA$0.003 in 1Q 2025). Revenue: CA$3.76m (down 9.7% from 1Q 2025). Net income: CA$476.0k (up 100% from 1Q 2025). Profit margin: 13% (up from 5.7% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 139% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Mar 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risk Market cap is less than US$100m (CA$24.7m market cap, or US$18.0m). Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: CA$0.044 (vs CA$0.017 in FY 2024) Full year 2025 results: EPS: CA$0.044 (up from CA$0.017 in FY 2024). Revenue: CA$17.3m (down 3.4% from FY 2024). Net income: CA$3.27m (up 121% from FY 2024). Profit margin: 19% (up from 8.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 145% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Aankondiging • Mar 04
Aegis Brands Inc., Annual General Meeting, May 01, 2026 Aegis Brands Inc., Annual General Meeting, May 01, 2026. Location: ontario, toronto Canada New Risk • Dec 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (CA$29.0m market cap, or US$21.2m). Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: CA$0.01 (vs CA$0.003 loss in 3Q 2024) Third quarter 2025 results: EPS: CA$0.01 (up from CA$0.003 loss in 3Q 2024). Revenue: CA$3.80m (down 9.7% from 3Q 2024). Net income: CA$709.0k (up CA$996.0k from 3Q 2024). Profit margin: 19% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 139% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Aug 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (CA$30.7m market cap, or US$22.3m). Reported Earnings • Aug 03
Second quarter 2025 earnings released: EPS: CA$0.01 (vs CA$0.012 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.01. Revenue: CA$4.53m (down 18% from 2Q 2024). Net income: CA$1.16m (up 13% from 2Q 2024). Profit margin: 26% (up from 19% in 2Q 2024). The increase in margin was driven by lower expenses. Reported Earnings • May 07
First quarter 2025 earnings released First quarter 2025 results: Revenue: CA$4.16m (down 10% from 1Q 2024). Net income: CA$238.0k (up CA$425.0k from 1Q 2024). Profit margin: 5.7% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Mar 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (CA$27.3m market cap, or US$19.1m). Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: CA$0.011 (vs CA$0.013 loss in FY 2023) Full year 2024 results: EPS: CA$0.011 (up from CA$0.013 loss in FY 2023). Revenue: CA$17.9m (up 5.7% from FY 2023). Net income: CA$1.48m (up CA$2.48m from FY 2023). Profit margin: 8.3% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Aankondiging • Mar 05
Aegis Brands Inc., Annual General Meeting, May 02, 2025 Aegis Brands Inc., Annual General Meeting, May 02, 2025. Location: ontario, toronto Canada Reported Earnings • Nov 03
Third quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.005 profit in 3Q 2023) Third quarter 2024 results: CA$0.003 loss per share (down from CA$0.005 profit in 3Q 2023). Revenue: CA$4.21m (down 50% from 3Q 2023). Net loss: CA$287.0k (down 162% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Sep 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (CA$34.1m market cap, or US$25.2m). Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.002 loss in 2Q 2023) Second quarter 2024 results: EPS: CA$0.01 (up from CA$0.002 loss in 2Q 2023). Revenue: CA$5.50m (down 38% from 2Q 2023). Net income: CA$1.02m (up CA$1.17m from 2Q 2023). Profit margin: 19% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Jul 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (CA$29.0m market cap, or US$21.0m). Aankondiging • May 06
Aegis Brands Inc. Approves the Election of Anthony Longo and Sarah Green as Directors Aegis Brands Inc. at the Corporation's Annual General Meeting (the "Meeting") held on May 3, 2024, approved the election of Anthony Longo and Sarah Green as directors of the Corporation. Reported Earnings • May 05
First quarter 2024 earnings released First quarter 2024 results: Revenue: CA$4.64m (down 34% from 1Q 2023). Net loss: CA$187.0k (loss narrowed 81% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 12
Full year 2023 earnings released: CA$0.013 loss per share (vs CA$0.38 loss in FY 2022) Full year 2023 results: CA$0.013 loss per share (improved from CA$0.38 loss in FY 2022). Revenue: CA$16.9m (up 12% from FY 2022). Net loss: CA$1.00m (loss narrowed 89% from FY 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Aankondiging • Mar 06
Aegis Brands Inc., Annual General Meeting, May 03, 2024 Aegis Brands Inc., Annual General Meeting, May 03, 2024. Aankondiging • Jan 29
Pilot Coffee Corp. agreed to acquire Bridgehead (2000) Inc. from Aegis Brands Inc. (TSX:AEG) for CAD 3.5 million. Pilot Coffee Corp. agreed to acquire Bridgehead (2000) Inc. from Aegis Brands Inc. (TSX:AEG) for CAD 3.5 million on January 29, 2024. The consideration consists of CAD 3.50 million in cash. As part of the consideration, CAD 3.50 million was paid towards common equity. The transaction has been approved by the directors of Aegis Brands and a special resolution of Bridgehead and is expected to close in the first quarter of 2024. New Risk • Oct 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.9m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (267% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$22.2m market cap, or US$16.0m). Reported Earnings • Aug 01
Second quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0.12 loss in 2Q 2022) Second quarter 2023 results: CA$0.003 loss per share (improved from CA$0.12 loss in 2Q 2022). Revenue: CA$8.89m (up 174% from 2Q 2022). Net loss: CA$145.0k (loss narrowed 95% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 07
First quarter 2023 earnings released: CA$0.02 loss per share (vs CA$0.071 loss in 1Q 2022) First quarter 2023 results: CA$0.02 loss per share (improved from CA$0.071 loss in 1Q 2022). Revenue: CA$7.05m (up 178% from 1Q 2022). Net loss: CA$973.0k (loss narrowed 41% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. Reported Earnings • Mar 20
Full year 2022 earnings released: CA$0.38 loss per share (vs CA$0.21 loss in FY 2021) Full year 2022 results: CA$0.38 loss per share (further deteriorated from CA$0.21 loss in FY 2021). Revenue: CA$15.2m (up 39% from FY 2021). Net loss: CA$9.25m (loss widened 90% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jan 30
Now 22% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be CA$0.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has declined by 29%. Recent Insider Transactions Derivative • Jan 27
Chief Financial Officer exercised options to buy CA$91k worth of stock. On the 23rd of January, Melinda Lee exercised options to buy 144k shares at a strike price of around CA$0.48, costing a total of CA$70k. This transaction amounted to 375% of their direct individual holding at the time of the trade. Since March 2022, Melinda has owned 38.47k shares directly. This was the only transaction from an insider over the last 12 months. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Stephen Kelley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2022 earnings released: CA$0.10 loss per share (vs CA$0.078 loss in 3Q 2021) Third quarter 2022 results: CA$0.10 loss per share (further deteriorated from CA$0.078 loss in 3Q 2021). Revenue: CA$3.37m (up 18% from 3Q 2021). Net loss: CA$2.40m (loss widened 33% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 29% per year. Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Stephen Kelley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 11
Second quarter 2022 earnings released: CA$0.12 loss per share (vs CA$0.052 loss in 2Q 2021) Second quarter 2022 results: CA$0.12 loss per share (down from CA$0.052 loss in 2Q 2021). Revenue: CA$3.24m (up 36% from 2Q 2021). Net loss: CA$2.82m (loss widened 136% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Reported Earnings • May 10
First quarter 2022 earnings released: CA$0.07 loss per share (vs CA$0.07 loss in 1Q 2021) First quarter 2022 results: CA$0.07 loss per share (vs CA$0.07 loss in 1Q 2021). Revenue: CA$2.54m (up 14% from 1Q 2021). Net loss: CA$1.66m (loss widened 3.0% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2021 earnings released: CA$0.34 loss per share (vs CA$0.34 loss in FY 2020) Full year 2021 results: CA$0.34 loss per share. Revenue: CA$10.9m (down 2.9% from FY 2020). Net loss: CA$4.86m (loss narrowed 37% from FY 2020). Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS CA$0.09 (vs CA$0.033 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CA$2.86m (down 54% from 3Q 2020). Net loss: CA$1.81m (loss widened 141% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Executive Departure • Aug 18
Chief Financial Officer Ba Le has left the company During their tenure, earnings grew by 135% annually compared to the industry average of 1.4%. On the 13th of August, Ba Le left the company after 4.1 in the role. We don't have any record of a personal shareholding under Ba's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.92 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 12
Second quarter 2021 earnings released: CA$0.051 loss per share (vs CA$0.084 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: CA$2.38m (down 33% from 2Q 2020). Net loss: CA$1.19m (loss narrowed 38% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 15
Kiaro Holdings Corp. (TSXV:KO) entered into a strategic transaction to acquire Hemisphere Cannabis Co. from Aegis Brands Inc. (TSX:AEG). Kiaro Holdings Corp. (TSXV:KO) entered into a strategic transaction to acquire Hemisphere Cannabis Co. from Aegis Brands Inc. (TSX:AEG) on July 13, 2021. In consideration for 100% of Hemisphere’s common shares, Kiaro will issue 61,300,000 common shares to Aegis (having a current value of $7,900,863, based on the five-day volume weighted average price of Kiaro’s common shares), plus 6,700,000 common share purchase warrants. Kiaro will issue an additional 6,700,000 shares to Aegis upon the achievement of certain commercial milestones during the first year following closing. Upon completion of the sale transaction, Aegis will hold approximately 25% of Kiaro’s common shares and will be Kiaro’s largest individual shareholder. It is anticipated that, subject to receipt of all regulatory and other applicable approvals, but not limited to, the Alcohol and Gaming Commission of Ontario and TSX Venture Exchange approval and the satisfaction of certain other closing conditions customary in transactions of this nature. The Transaction is expected to complete in September 2021. Aegis’ Chief Executive Officer Steven Pelton will join the Kiaro Board of Directors at closing. In connection with the transaction, Jen Juby, Vice President of Operations at Hemisphere, will join the Kiaro team as Vice President of Retail. Jen Juby will contribute to the integration of of the Hemisphere stores and will use her expertise to continue the implementation of the retail experience. Following completion of the transaction, Kiaro will operate 16 cannabis retail locations in multiple Canadian provinces and an expected 18 locations by the end of Q1 2022. The transaction is expected to close in mid-September 2021. Kronos Capital Partners is acting as financial advisor to Aegis in collaboration with Haywood Securities as financial advisor to Kiaro. Reported Earnings • May 13
First quarter 2021 earnings released: CA$0.029 loss per share (vs CA$0.13 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CA$3.29m (down 63% from 1Q 2020). Net loss: CA$661.0k (loss narrowed 77% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 01
Aegis Brands Inc. Reports Asset Impairment Charges for the Fourth Quarter Ended December 26, 2020 Aegis Brands Inc. reported asset impairment Charges for the fourth quarter ended December 26, 2020. For the period, the company reported asset impairment charges of CAD 3,192 in the Quarter against its right-of-use assets and property and equipment, of which CAD 662 is attributed to Hemisphere and CAD 2,530 to Bridgehead. Aankondiging • Feb 24
Aegis Brands Inc., Annual General Meeting, Apr 07, 2021 Aegis Brands Inc., Annual General Meeting, Apr 07, 2021. Is New 90 Day High Low • Feb 09
New 90-day high: CA$1.14 The company is up 39% from its price of CA$0.82 on 10 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 5.0% over the same period. Aankondiging • Jan 02
Aegis Brands Announces the Resignation Alan Simpson as Director Aegis Brands Inc. announces that Mr. Alan Simpson has resigned as a director of the Company for personal reasons. Mr. Simpson joined the Board of Directors in December 2013. Is New 90 Day High Low • Dec 15
New 90-day high: CA$1.05 The company is up 14% from its price of CA$0.92 on 15 September 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 28
New 90-day high: CA$1.03 The company is up 21% from its price of CA$0.85 on 28 August 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 11% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: CA$0.03 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: CA$6.25m (down 6.1% from 3Q 2019). Net loss: CA$751.0k (loss narrowed 1.4% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Aankondiging • Sep 26
Aegis Brands Inc. Approves Reappointment of PricewaterhouseCoopers LLP as Auditor Aegis Brands Inc. announced that at its Annual General Meeting held on September 24, 2020, approved the reappointment of PricewaterhouseCoopers LLP as auditor.