Vibe Growth (CNSX:VIBE) - Stock Price, News & Analysis

VIBE Stock Overview

Vibe Growth Corporation evaluates, acquires, and develops cannabis assets and retail cannabis dispensaries for medical and recreational use primarily in the United States. More details

VIBE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Risk Analysis

Does not have a meaningful market cap (CA$2M)

Earnings have declined by 22.3% per year over past 5 years

Has less than 1 year of cash runway

Shares are highly illiquid

Vibe Growth Corporation Competitors

TransCanna Holdings

CNSX:TCAN

CA$1.4m

Pathway Health

TSXV:PHC

CA$1.9m

Justera Health

CNSX:VTAL

CA$2.7m

Element Lifestyle Retirement

TSXV:ELM

CA$1.1m

Price History & Performance

Summary of all time highs, changes and price drops for Vibe Growth
Historical stock prices
Current Share Price	CA$0.21
52 Week High	CA$0.50
52 Week Low	CA$0.09
Beta	2.08
11 Month Change	75.00%
3 Month Change	61.54%
1 Year Change	-47.50%
33 Year Change	-95.53%
5 Year Change	-84.44%
Change since IPO	-97.53%

Improved Revenues Required Before Vibe Growth Corporation (CSE:VIBE) Stock's 75% Jump Looks Justified

Nov 22

There's No Escaping Vibe Growth Corporation's (CSE:VIBE) Muted Revenues Despite A 31% Share Price Rise

Sep 27

Vibe Growth Corporation (CSE:VIBE) Stock Catapults 75% Though Its Price And Business Still Lag The Industry

May 23

Recent updates

Improved Revenues Required Before Vibe Growth Corporation (CSE:VIBE) Stock's 75% Jump Looks Justified

Nov 22

There's No Escaping Vibe Growth Corporation's (CSE:VIBE) Muted Revenues Despite A 31% Share Price Rise

Sep 27

Vibe Growth Corporation (CSE:VIBE) Stock Catapults 75% Though Its Price And Business Still Lag The Industry

May 23

There's No Escaping Vibe Growth Corporation's (CSE:VIBE) Muted Revenues Despite A 50% Share Price Rise

Mar 22

Revenues Working Against Vibe Growth Corporation's (CSE:VIBE) Share Price Following 38% Dive

Dec 23

Positive Sentiment Still Eludes Vibe Growth Corporation (CSE:VIBE) Following 28% Share Price Slump

Apr 17

It's Down 28% But Vibe Growth Corporation (CSE:VIBE) Could Be Riskier Than It Looks

Apr 17

Shareholder Returns

	VIBE	CA Healthcare	CA Market
7D	110.0%	0.2%	2.2%
1Y	-47.5%	39.2%	23.4%

Return vs Industry: VIBE underperformed the Canadian Healthcare industry which returned 39.2% over the past year.

Return vs Market: VIBE underperformed the Canadian Market which returned 23.4% over the past year.

Price Volatility

Is VIBE's price volatile compared to industry and market?
VIBE volatility
VIBE Average Weekly Movement	n/a
Healthcare Industry Average Movement	4.2%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: VIBE's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: Insufficient data to determine VIBE's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Mark Waldron	www.vibebycalifornia.com

Vibe Growth Corporation evaluates, acquires, and develops cannabis assets and retail cannabis dispensaries for medical and recreational use primarily in the United States. The company operates retail and e-commerce platform under the Vibe By California brand. It is also involved in the indoor cultivation; commercial distribution and transportation; e-commerce and delivery; and manufacture of marijuana products.

Vibe Growth Corporation Fundamentals Summary

How do Vibe Growth's earnings and revenue compare to its market cap?
VIBE fundamental statistics
Market cap	CA$2.27m
Earnings (TTM)	-CA$13.61m
Revenue (TTM)	CA$17.45m

0.1x

P/S Ratio

-0.2x

P/E Ratio

Is VIBE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VIBE income statement (TTM)
Revenue	US$12.48m
Cost of Revenue	US$7.21m
Gross Profit	US$5.28m
Other Expenses	US$15.01m
Earnings	-US$9.74m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.90
Gross Margin	42.27%
Net Profit Margin	-77.99%
Debt/Equity Ratio	519.8%

How did VIBE perform over the long term?

See historical performance and comparison

VIBE Stock Overview

Risk Analysis

Vibe Growth Corporation Competitors

CNSX:TCAN

CA$1.4m

TSXV:PHC

CA$1.9m

CNSX:VTAL

CA$2.7m

TSXV:ELM

CA$1.1m

Price History & Performance

Recent News & Updates

Improved Revenues Required Before Vibe Growth Corporation (CSE:VIBE) Stock's 75% Jump Looks Justified

There's No Escaping Vibe Growth Corporation's (CSE:VIBE) Muted Revenues Despite A 31% Share Price Rise

Second quarter 2024 earnings released: US$0.04 loss per share (vs US$0.13 loss in 2Q 2023)

First quarter 2024 earnings released: US$0.067 loss per share (vs US$0.10 loss in 1Q 2023)

Vibe Growth Corporation (CSE:VIBE) Stock Catapults 75% Though Its Price And Business Still Lag The Industry

Full year 2023 earnings released: US$0.10 loss per share (vs US$0.084 loss in FY 2022)

Recent updates

Improved Revenues Required Before Vibe Growth Corporation (CSE:VIBE) Stock's 75% Jump Looks Justified

There's No Escaping Vibe Growth Corporation's (CSE:VIBE) Muted Revenues Despite A 31% Share Price Rise

Second quarter 2024 earnings released: US$0.04 loss per share (vs US$0.13 loss in 2Q 2023)

First quarter 2024 earnings released: US$0.067 loss per share (vs US$0.10 loss in 1Q 2023)

Vibe Growth Corporation (CSE:VIBE) Stock Catapults 75% Though Its Price And Business Still Lag The Industry

Full year 2023 earnings released: US$0.10 loss per share (vs US$0.084 loss in FY 2022)

There's No Escaping Vibe Growth Corporation's (CSE:VIBE) Muted Revenues Despite A 50% Share Price Rise

Revenues Working Against Vibe Growth Corporation's (CSE:VIBE) Share Price Following 38% Dive

Third quarter 2023 earnings released: US$0.012 loss per share (vs US$0.01 loss in 3Q 2022)

Vibe Growth Corporation, Annual General Meeting, Dec 22, 2023

Insufficient new directors

First quarter 2023 earnings released: US$0.01 loss per share (vs US$0.009 loss in 1Q 2022)

Vibe Growth Corporation Showcases Its Premium Indoor-Grown Cannabis Infused Pre-Rolls and High Potency Distillate Carts At Hall of Flowers Event

Full year 2022 earnings released: US$0.084 loss per share (vs US$0.043 loss in FY 2021)

Positive Sentiment Still Eludes Vibe Growth Corporation (CSE:VIBE) Following 28% Share Price Slump

It's Down 28% But Vibe Growth Corporation (CSE:VIBE) Could Be Riskier Than It Looks

Third quarter 2022 earnings released: US$0.01 loss per share (vs US$0.009 loss in 3Q 2021)

Vibe Growth Corporation, Annual General Meeting, Oct 24, 2022

Does Vibe Growth (CSE:VIBE) Have A Healthy Balance Sheet?

Second quarter 2022 earnings released: US$0.006 loss per share (vs US$0.001 loss in 2Q 2021)

Vibe Growth Corporation Obtains State Approval for Greenhouse Cultivation License in Monterey County, California

Full year 2021 earnings released: US$0.043 loss per share (vs US$0.009 profit in FY 2020)

High number of new and inexperienced directors

Vibe Growth Corporation announced that it has received CAD 3.52 million in funding

Vibe Growth Corporation announced that it expects to receive CAD 3.52 million in funding

Third quarter 2021 earnings: Revenues in line with analyst expectations

Is Vibe Growth (CSE:VIBE) Using Too Much Debt?

Second quarter 2021 earnings released

Vibe Growth's (CSE:VIBE) Earnings Are Of Questionable Quality

Vibe Growth (CSE:VIBE) Seems To Use Debt Quite Sensibly

First quarter 2021 earnings released: EPS US$0.001 (vs US$0.003 loss in 1Q 2020)

Vibe Growth Corporation (CNSX:VIBE) completed the acquisition of Desert Organic Solutions Collective.

Full year 2020 earnings released: EPS US$0.009 (vs US$0.11 loss in FY 2019)

Vibe Growth Corporation announced that it has received CAD 13.800805 million in funding

Vibe Growth Corporation announced that it expects to receive CAD 12.0007 million in funding

Vibe Growth Corporation Announces Nationwide Release of Proprietary CBD Spray on Vibe E-Commerce Platform

New 90-day high: CA$0.75

Vibe Growth Corporation Establishes A Partnership with Renowned Mixed Martial Arts (MMA) Fighter, Cody "No Love" Garbrandt

Does Vibe Growth (CSE:VIBE) Have A Healthy Balance Sheet?

Third quarter 2020 earnings released: EPS US$0.004

New 90-day high: CA$0.70

Vibe Growth Corporation Appoints Richard McLean as Head of Retail Expansion

Vibe Bioscience Ltd. Appoints Joe Starr to the Board of Directors

Vibe Bioscience Ltd. (CNSX:VIBE) completed the acquisition of Cathedral Asset Holdings Corporation from Ventura Cannabis & Wellness Corporation (CNSX:VCAN) for for $0.54 million.

Vibe Bioscience Ltd. Announces Board Changes

New 90-day high - CA$0.39

Shareholder Returns

Price Volatility

About the Company

Vibe Growth Corporation Fundamentals Summary

0.1x

-0.2x

Earnings & Revenue