IONC Stock Overview
Ionic Brands Corp., through its subsidiaries, extracts, manufactures, brands, and distributes cannabis consumables and concentrate extract products in Washington and Oregon.
Ionic Brands Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.005|
|52 Week High||CA$0.18|
|52 Week Low||CA$0.005|
|1 Month Change||0%|
|3 Month Change||-66.67%|
|1 Year Change||-96.30%|
|3 Year Change||-99.83%|
|5 Year Change||n/a|
|Change since IPO||-99.87%|
Recent News & Updates
|IONC||CA Tobacco||CA Market|
Return vs Industry: IONC underperformed the Canadian Tobacco industry which returned -73.9% over the past year.
Return vs Market: IONC underperformed the Canadian Market which returned -0.1% over the past year.
|IONC Average Weekly Movement||75.0%|
|Tobacco Industry Average Movement||15.6%|
|Market Average Movement||9.6%|
|10% most volatile stocks in CA Market||16.4%|
|10% least volatile stocks in CA Market||4.2%|
Stable Share Price: IONC is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 75% a week.
Volatility Over Time: IONC's weekly volatility has increased from 42% to 75% over the past year.
About the Company
Ionic Brands Corp., through its subsidiaries, extracts, manufactures, brands, and distributes cannabis consumables and concentrate extract products in Washington and Oregon. The company provides cannabis oils and concentrates, infusions, and distillates; vaporizers; and hard goods, such as cartridges, applicators, pens, jars, etc. It also offers services and products ancillary to the cannabis production and processing industry, including the leasing of processing and transportation equipment; sourcing of devices, packaging, and labeling; and licensing of intellectual properties, as well as provision of operation and marketing support services to the licensed cannabis processors and producers. The company offers its products and services under the IONIC, Zoots, and Dabulous brands.
Ionic Brands Fundamentals Summary
|IONC fundamental statistics|
Is IONC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IONC income statement (TTM)|
|Cost of Revenue||US$17.80m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.037|
|Net Profit Margin||-59.01%|
How did IONC perform over the long term?See historical performance and comparison
Is Ionic Brands undervalued compared to its fair value and its price relative to the market?
Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
In this section, we usually try to help investors determine whether Ionic Brands is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Ionic Brands has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
How is Ionic Brands forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Food, Beverage & Tobacco industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ionic Brands has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Ionic Brands performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IONC is currently unprofitable.
Growing Profit Margin: IONC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IONC is unprofitable, and losses have increased over the past 5 years at a rate of 17.6% per year.
Accelerating Growth: Unable to compare IONC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IONC is unprofitable, making it difficult to compare its past year earnings growth to the Tobacco industry (11.4%).
Return on Equity
High ROE: IONC has a negative Return on Equity (-53.51%), as it is currently unprofitable.
How is Ionic Brands's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: IONC's short term assets ($9.6M) exceed its short term liabilities ($6.6M).
Long Term Liabilities: IONC's short term assets ($9.6M) exceed its long term liabilities ($4.0M).
Debt to Equity History and Analysis
Debt Level: IONC's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if IONC's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IONC has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: IONC is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.
What is Ionic Brands's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IONC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IONC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IONC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IONC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as IONC has not reported any payouts.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Gorst (52 yo)
Mr. John Phillip Gorst has been the Chief Executive Officer and Director of Ionic Brands Corp. (formerly Zara Resources Inc.) since March 22, 2019 and serves as its Chairman of the Board. Prior to joining...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD77.90K) is below average for companies of similar size in the Canadian market ($USD167.30K).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Experienced Management: IONC's management team is considered experienced (3.2 years average tenure).
Experienced Board: IONC's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 206.6%.
Ionic Brands Corp.'s employee growth, exchange listings and data sources
- Name: Ionic Brands Corp.
- Ticker: IONC
- Exchange: CNSX
- Founded: NaN
- Industry: Tobacco
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: CA$1.716m
- Shares outstanding: 343.26m
- Website: https://www.ionicbrands.com
Number of Employees
- Ionic Brands Corp.
- 1142 Broadway
- Suite 310
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/14 00:00|
|End of Day Share Price||2022/05/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.