Announcement • Feb 14
CanadaBis Capital Inc. Announces Outgoing of Barb O'Neill as Board Member / Corporate Secretary CanadaBis Capital Inc. at the Annual & Special Meeting held on February 12, 2026, announced that Barb O'Neill was outgoing board member /corporate secretary. Reported Earnings • Jan 01
First quarter 2026 earnings released First quarter 2026 results: Revenue: CA$3.26m (down 36% from 1Q 2025). Net loss: CA$128.5k (down 140% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. New Risk • Dec 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 21% 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Market cap is less than US$10m (CA$2.77m market cap, or US$2.02m). Announcement • Dec 12
CanadaBis Capital Inc., Annual General Meeting, Feb 12, 2026 CanadaBis Capital Inc., Annual General Meeting, Feb 12, 2026. Reported Earnings • Nov 30
Full year 2025 earnings released: CA$0.006 loss per share (vs CA$0.001 loss in FY 2024) Full year 2025 results: CA$0.006 loss per share (further deteriorated from CA$0.001 loss in FY 2024). Revenue: CA$16.9m (down 5.9% from FY 2024). Net loss: CA$835.2k (loss widened CA$751.1k from FY 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Nicole Bacsalmasi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
Simply Solventless Concentrates Ltd. (TSXV:HASH) terminated the acquisition of CanadaBis Capital Inc. (TSXV:CANB). Simply Solventless Concentrates Ltd. (TSXV:HASH) entered into an arrangement agreement to acquire CanadaBis Capital Inc. (TSXV:CANB) for CAD 13.7 million on March 11, 2025. SSC will acquire all of the issued and outstanding shares of CanadaBis pursuant to the Arrangement Agreement and court approved plan of arrangement. Consideration to CanadaBis Shareholders: 22,500,000 SSC common shares, amounting to 17.2% of the 130,714,466 proforma basic common shares of SSC outstanding and CAD 0.116 per CanadaBis common share. Approximately 3.0 million CanadaBis options will be cancelled prior to closing, and approximately 2.4 million CanadaBis options will be exchanged for 0.4 million SSC options at a weighted average exercise price of CAD 1.31 per SSC share. Approximately 67% of the SSC common shares issued to CanadaBis shareholders will be held in escrow. Upon closing of the Transaction, the combined entity is estimated to rank second and fifth in the Canadian concentrates and preroll categories respectively, excluding Quebec. CanadaBis also announces that it has launched a brokered private placement financing of up to 2,500 unsecured convertible debentures (the "Debentures") at a price of CAD 1,000 per Debenture, for gross proceeds of up to CAD 2.5 million (the "Financing"), led by Research Capital as the sole agent and sole bookrunner. The Arrangement Agreement provides that, under certain circumstances where the Transaction is not completed, CanadaBis will be subject to a termination fee payable to SSC in the amount of CAD 1,200,000. Travis McIntyre, CanadaBis' President & Chief Executive Officer, will be appointed to the role of COO of SSC at closing. Travis McIntyre will step down from his role with CanadaBis. Murray Brown, SSC's current COO, will assume the role of Chief Integrations Officer at closing, focused on integrating acquisitions, restructuring, and corporate services. Shane Chana, CanadaBis' Chief Financial Officer, will join SSC's board of directors at closing and step down as an officer of CanadaBis.
Shane Chana, CanadaBis' Chief Financial Officer, will join SSC's board of directors at closing and step down as an officer of CanadaBis. The Transaction will be subject to the approval by 66 2/3% of CanadaBis shareholders at a special meeting of CanadaBis shareholders and subject to the receipt of certain regulatory, court, and TSXV approvals, and other closing conditions customary in transactions of this nature. The Transaction has been unanimously approved by the Board of Directors of SSC and the Board of Directors of CanadaBis. The CanadaBis Acquisition is expected to close on or around May 5, 2025.
Gordon Cameron of Stikeman Elliott LLP is acting as legal advisor to SSC and Nicole Bacsalmasi of Borden Ladner Gervais LLP is acting as legal advisor to CanadaBis.
Simply Solventless Concentrates Ltd. (TSXV:HASH) terminated the acquisition of CanadaBis Capital Inc. (TSXV:CANB) on April 28, 2025. Announcement • Apr 15
CanadaBis Capital Inc. announced that it has received CAD 4.035 million in funding On April 14, 2025, CanadaBis Capital Inc. closed the transaction. The company announced that it has issued 1,415 11% unsecured convertible debentures at an issue price of CAD 1,000 per debenture for gross proceeds of CAD 1,415,000 in second and final tranche. The company announced that it has issued the total Financing raised aggregate gross proceeds of CAD 4,035,000. The Debentures bear interest at a rate of 11.0% per annum from the date of issue, payable quarterly in arrears. Interest shall be paid in cash or common shares of the Company ("Common Shares") at the Company's sole discretion, subject to Exchange approval. The Debentures will mature on April 2, 2029 ("Maturity Date"). The company paid to the Agent an aggregate amount equal to CAD 44,425 consisting of the Agent's fee and an advisory fee and an aggregate of 30,000 broker warrants to the Agent; and an aggregate of 394,500 advisory warrants (together, the "Compensation Options"). Each Compensation Option entitles the holder thereof to acquire one Common Share at an exercise price equal to CAD 0.10 for a period of 48 months following the date hereof. Announcement • Apr 03
CanadaBis Capital Inc. announced that it has received CAD 2.62 million in funding ON April 2, 2025. CanadaBis Capital Inc. has closed the transaction. it has issued 2,620 Debentures at a price of CAD 1,000 for gross proceeds of CAD 2,620,000. In connection with the closing of the first tranche of the Financing, CanadaBis paid to the Agent an
aggregate amount equal to CAD 140,850 consisting of the Agent's fee and an advisory fee Reported Earnings • Mar 30
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CA$4.91m (up 14% from 2Q 2024). Net income: CA$96.9k (down 12% from 2Q 2024). Profit margin: 2.0% (down from 2.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Jan 21
CanadaBis Capital Inc. Announces Chief Financial Officer Changes CanadaBis Capital Inc. announced the appointment of Mr. Shane Chana as Chief Financial Officer. As CanadaBis continues to evolve and push forward, reported that Shane Chana, CPA, CA has been appointed as Interim Chief Financial Officer. Mr. Chana was elected a director of CanadaBis in January 2020 and has previously served as the Chief Financial Officer of CanadaBis from December 2022 to August 2023. Mr. Chana will be replacing Mr. Richards and will be helping with the transition back to Mr. Chana. Reported Earnings • Dec 31
First quarter 2025 earnings released First quarter 2025 results: Revenue: CA$5.09m (down 11% from 1Q 2024). Net income: CA$321.6k (down 55% from 1Q 2024). Profit margin: 6.3% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Dec 31
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (26% average weekly change). High level of non-cash earnings (21% accrual ratio). Market cap is less than US$10m (CA$4.84m market cap, or US$3.36m). Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Nov 29
Full year 2024 earnings released Full year 2024 results: Revenue: CA$18.0m (down 19% from FY 2023). Net income: CA$600.3k (down 87% from FY 2023). Profit margin: 3.3% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 19
CanadaBis Capital Inc., Annual General Meeting, Nov 21, 2024 CanadaBis Capital Inc., Annual General Meeting, Nov 21, 2024. Reported Earnings • Jun 27
Third quarter 2024 earnings released: EPS: CA$0.072 (vs CA$0.009 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.072. Revenue: CA$3.97m (down 34% from 3Q 2023). Net income: CA$109.8k (down 91% from 3Q 2023). Profit margin: 2.8% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. New Risk • Apr 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.53m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (CA$13.1m market cap, or US$9.53m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Apr 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$13.8m market cap, or US$10.2m). New Risk • Apr 01
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 15% 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 High level of non-cash earnings (32% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$30.4m market cap, or US$22.4m). Reported Earnings • Apr 01
Second quarter 2024 earnings released: EPS: CA$0.004 (vs CA$0.009 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.004 (down from CA$0.009 in 2Q 2023). Revenue: CA$4.31m (down 31% from 2Q 2023). Net income: CA$109.9k (down 92% from 2Q 2023). Profit margin: 2.6% (down from 21% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Dec 03
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Market cap is less than US$100m (CA$42.2m market cap, or US$31.2m). Reported Earnings • Dec 01
Full year 2023 earnings released Full year 2023 results: Revenue: CA$22.2m (up 90% from FY 2022). Net income: CA$4.44m (up CA$3.84m from FY 2022). Profit margin: 20% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue. Announcement • Sep 01
CanadaBis Capital Inc. Announces Appointment of Garfield Richards as Chief Financial Officer CanadaBis Capital Inc. welcomes Garfield Richards, CPA, CA, as new Chief Financial Officer, effective immediately, replacing Shane Chana. Mr. Richards served as VP of Finance of Canadabis since January 2022 and prior to this, he served as the Senior Finance Controller for Stigma Grow, a subsidiary of Canadabis. Mr. Richards has over fifteen years experience in public accounting, nine of which were at KPMG, a global public Audit, Tax and advisory firm, as a Senior Accountant and Audit Supervisor. Some of his industry experience includes being the lead auditor on J. Wray and Nephew Ltd. and Appleton Estate Jamaican Rum, one of the Caribbean's largest liquor brand. Mr. Richards holds a bachelor's degree in Accounting and Management Studies from the University of the West Indies, Jamaica and obtained his Canadian Chartered Accounting designation in 2016. Announcement • Jun 30
CanadaBis Capital Inc., Annual General Meeting, Aug 30, 2023 CanadaBis Capital Inc., Annual General Meeting, Aug 30, 2023. Reported Earnings • Jun 30
Third quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.001 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.01 (up from CA$0.001 in 3Q 2022). Revenue: CA$6.05m (up 111% from 3Q 2022). Net income: CA$1.20m (up CA$1.08m from 3Q 2022). Profit margin: 20% (up from 4.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jun 20
Canadabis Capital Inc. Launches New Super Slim Style Pre Roll Line CanadaBis Capital Inc. announced the launch of its new super slim style pre roll line. The company aims to provide its consumers with a wide range of premium quality products, and believes that the new line will cater to those looking for a more sophisticated smoking experience. The new super slim style pre roll line will be available for purchase from select retailers in Canada. Announcement • Jun 03
Canadabis Capital Appoints Nicole Bacsalmasi Ll.B to the Board CanadaBis Capital Inc. announced that Nicole Bacsalmasi, LL.B has joined the Board of Directors and has been appointed as a member of the Audit Committee. As an Associate Principal with The Targeted Strategies Group, Nicole specializes in providing strategic insight and innovative solutions to family business owners and entrepreneurs to optimize their intergenerational wealth and solve their complex estate planning challenges. She was most recently a partner in the securities department of the law firm Dentons Canada LLP, providing legal and business advice and direction to companies at all stages of development. Nicole has extensive experience supporting clients in a diverse range of industries, including Cannabis, oil and gas, energy, real estate and others. Nicole has advised, public and private companies, family-owned businesses as well as investment dealers, on corporate and commercial transactions, public and private financings, acquisitions, mergers and reorganizations, stock exchange listing matters and other regulatory compliance matters. She received a Bachelors of Arts in Communications from the University of Calgary, a Bachelor of Laws from the University of Alberta, and is a member of the Law Society of Alberta. Board Change • Feb 01
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. 6 experienced directors. No highly experienced directors. CFO & Director Shane Chana was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 30
First quarter 2023 earnings released: EPS: CA$0.005 (vs CA$0.002 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0.005 (up from CA$0.002 loss in 1Q 2022). Revenue: CA$5.15m (up 179% from 1Q 2022). Net income: CA$700.3k (up CA$970.4k from 1Q 2022). Profit margin: 14% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 29
Full year 2022 earnings released Full year 2022 results: Revenue: CA$11.7m (up 70% from FY 2021). Net income: CA$608.3k (up CA$3.29m from FY 2021). Profit margin: 5.2% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 24
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CA$2.87m (up 30% from 3Q 2021). Net income: CA$121.9k (up CA$345.8k from 3Q 2021). Profit margin: 4.3% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Announcement • Apr 24
CanadaBis Capital Inc., Annual General Meeting, Jun 23, 2022 CanadaBis Capital Inc., Annual General Meeting, Jun 23, 2022. Reported Earnings • Mar 30
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CA$2.78m (up 53% from 2Q 2021). Net income: CA$274.8k (up CA$829.1k from 2Q 2021). Profit margin: 9.9% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Nov 28
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: CA$6.87m (up 55% from FY 2020). Net loss: CA$2.68m (loss narrowed 50% from FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Jul 01
Third quarter 2021 earnings released The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CA$2.21m (up 293% from 3Q 2020). Net loss: CA$223.8k (loss narrowed 75% from 3Q 2020). Announcement • Jun 03
CanadaBis Capital Inc. announced that it expects to receive CAD 1 million in funding CanadaBis Capital Inc. (TSXV:CANB) announced a private placement of units for a total gross proceeds of CAD 1,000,000 on June 1, 2021. The transaction will include participation from Plant-Based Investment Corp. Each unit will consists of one common share and one common share purchase warrant. All securities issued are subject to a hold period of four months from closing. The securities will subject to a voluntary lock-up period until December 31, 2022. The transaction is subject to TSX Venture Exchange approval. Reported Earnings • Apr 03
Second quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.011 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$1.81m (up CA$1.58m from 2Q 2020). Net loss: CA$554.3k (loss narrowed 61% from 2Q 2020). Announcement • Jan 22
CanadaBis Capital Inc. Signs Contracts with British Columbia, Alberta, Saskatchewan and Manitoba CanadaBis Capital Inc. announced that is has signed Contracts with British Columbia, Alberta, Saskatchewan and Manitoba, and are currently working with Ontario to finalize an agreement with their wholesale department to supply products for both their medical and recreational clients. Announcement • Oct 16
Canadabis Capital Inc. Announces Several Updates from Its Subsidiary Stigma Grow CanadaBis Capital Inc. announced several updates from its subsidiary Stigma Grow including new, in-demand full-spectrum product lines and an advantageous new partnership that ensures product availability across Canada. Stigma Grow's growing lineup of full-spectrum, live-resin BHO concentrates. As first-to-market Canadian producers of full-spectrum, live-resin concentrates, Stigma Grow's butane hydrocarbon extraction system (BHO) processes some of the purist, most potent products available on today's legal market. An overwhelmingly positive response to their initial product offerings led the Company to spend their summer months investing in the increase of their facility's processing capacity by 300%; ensuring they could manage the increase in demand for Stigma Grow products, as well as an influx of white- label requests from some of biggest names in legal cannabis. In addition to powerful live-resin caviars and badders/budders, Stigma Grow now offers full- spectrum lineup of bud-run, strain-specific shatters, live-resin vape cartridges, crumbles, diamonds and live-resin sauce; the most comprehensive and impressive BHO hydrocarbon concentrates lineup from a Canadian company to-date. Simultaneously, Stigma's R&D department remains committed to exploring a plethora of exciting new product opportunities for both a growing list of third-party partners, and future consumers interested in new and improved Cannabis 3.0 products. Equipped with product purity and pricing that few providers can match, Stigma Grow recently signed a new national distribution deal with Namaste Technologies to sell their products across Canada through CannMart, a move that will bring hope to a lot of retailers unsatisfied with the status quo. In addition to their blossoming concentrates pillar, the Company's cultivation and retail pillars are also celebrating milestones. Stigma's cultivation pillar recently expanded its grow space by more than 200% and, in addition to high-potency (28% THC) pre-rolls, it continues to provide Stigma's concentrates pillar with consistent, high-quality flower capable of supplying input to their highest-quality products. From a retail standpoint, INDICAtive Collection, located in Red Deer's Gasoline Alley, celebrated its one-year anniversary on October 4th, 2020. INDICAtive Collection experienced consistent growth over its first 12 months of business, while two competing locations within the same Gasoline Alley closed their doors in their first year of business. 
