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Cannabix Technologies

CNSX:BLO
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BLO
CNSX
$99M
Market Cap
  1. Home
  2. CA
  3. Tech
Company description

Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for law enforcement and the work place in North America. The last earnings update was 101 days ago. More info.


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BLO Share Price and Events
7 Day Returns
-3.1%
CNSX:BLO
2%
CA Electronic
1.2%
CA Market
1 Year Returns
-48.1%
CNSX:BLO
-22.2%
CA Electronic
-2.6%
CA Market
BLO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cannabix Technologies (BLO) -3.1% 9.6% -11.3% -48.1% 447.8% 2420%
CA Electronic 2% 2% -8.6% -22.2% -8.9% -13.7%
CA Market 1.2% 1.3% 1% -2.6% 12.8% 2.2%
1 Year Return vs Industry and Market
  • BLO underperformed the Electronic industry which returned -22.2% over the past year.
  • BLO underperformed the Market in Canada which returned -2.6% over the past year.
Price Volatility
BLO
Industry
5yr Volatility vs Market

BLO Value

 Is Cannabix Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Cannabix Technologies. This is due to cash flow or dividend data being unavailable. The share price is CA$1.26.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cannabix Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cannabix Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:BLO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in CAD CA$-0.04
OTCPK:BLOZ.F Share Price ** OTCPK (2019-06-21) in USD $0.95
OTCPK:BLOZ.F Share Price converted to CAD reporting currency Exchange rate (USD/ CAD) 1.321 CA$1.26
Canada Electronic Industry PE Ratio Median Figure of 7 Publicly-Listed Electronic Companies 17.35x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cannabix Technologies.

CNSX:BLO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:BLOZ.F Share Price ÷ EPS (both in CAD)

= 1.26 ÷ -0.04

-35.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cannabix Technologies is loss making, we can't compare its value to the CA Electronic industry average.
  • Cannabix Technologies is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Cannabix Technologies's expected growth come at a high price?
Raw Data
CNSX:BLO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -35.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Electronic Industry PEG Ratio Median Figure of 62 Publicly-Listed Electronic Companies 1.27x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Cannabix Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cannabix Technologies's assets?
Raw Data
CNSX:BLO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in CAD CA$0.14
OTCPK:BLOZ.F Share Price * OTCPK (2019-06-21) in USD $0.95
OTCPK:BLOZ.F Share Price converted to CAD reporting currency Exchange rate (USD/ CAD) 1.321 CA$1.26
Canada Electronic Industry PB Ratio Median Figure of 21 Publicly-Listed Electronic Companies 2.71x
Canada Market PB Ratio Median Figure of 2,425 Publicly-Listed Companies 1.43x
CNSX:BLO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:BLOZ.F Share Price ÷ Book Value per Share (both in CAD)

= 1.26 ÷ 0.14

8.79x

* Primary Listing of Cannabix Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cannabix Technologies is overvalued based on assets compared to the CA Electronic industry average.
X
Value checks
We assess Cannabix Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Cannabix Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BLO Future Performance

 How is Cannabix Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Cannabix Technologies 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.6%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cannabix Technologies expected to grow at an attractive rate?
  • Unable to compare Cannabix Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cannabix Technologies's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Cannabix Technologies's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:BLO Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Electronic Industry Earnings Growth Rate Market Cap Weighted Average 3.6%
Canada Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:BLO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:BLO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-01-31 -1 -4
2018-10-31 -2 -3
2018-07-31 -2 -1
2018-04-30 -1 -1
2018-01-31 -2 -2
2017-10-31 -1 -3
2017-07-31 -1 -3
2017-04-30 -1 -4
2017-01-31 -1 -3
2016-10-31 -1 -2
2016-07-31 -1 -2
2016-04-30 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cannabix Technologies is high growth as no earnings estimate data is available.
  • Unable to determine if Cannabix Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:BLO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cannabix Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:BLO Past Financials Data
Date (Data in CAD Millions) EPS *
2019-01-31 -0.04
2018-10-31 -0.03
2018-07-31 -0.02
2018-04-30 -0.02
2018-01-31 -0.02
2017-10-31 -0.04
2017-07-31 -0.04
2017-04-30 -0.05
2017-01-31 -0.04
2016-10-31 -0.02
2016-07-31 -0.02
2016-04-30 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cannabix Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Cannabix Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Cannabix Technologies's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Cannabix Technologies's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Cannabix Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cannabix Technologies has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BLO Past Performance

  How has Cannabix Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cannabix Technologies's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cannabix Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Cannabix Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cannabix Technologies's 1-year growth to the CA Electronic industry average as it is not currently profitable.
Earnings and Revenue History
Cannabix Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cannabix Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:BLO Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 -3.55 2.40 1.05
2018-10-31 -3.37 2.35 0.91
2018-07-31 -1.48 0.46 0.90
2018-04-30 -1.47 0.43 0.91
2018-01-31 -2.20 1.08 0.90
2017-10-31 -3.36 2.24 0.91
2017-07-31 -3.23 2.28 0.74
2017-04-30 -3.73 2.88 0.65
2017-01-31 -2.89 2.36 0.53
2016-10-31 -1.61 1.18 0.42
2016-07-31 -1.58 1.12 0.46
2016-04-30 -0.96 0.52 0.44
2016-01-31 -1.17 1.03 0.41
2015-10-31 -1.22 0.99 0.43
2015-07-31 -1.21 0.78 0.38
2015-04-30 -1.69 1.27 0.31
2015-01-31 -1.43 0.60 0.17
2014-10-31 -1.27 0.57 0.06
2014-07-31 -1.14 0.75 0.01
2014-04-30 -0.50 0.18
2014-01-31 -0.25 0.17
2013-10-31 -0.15 0.12
2013-07-31 -0.09 0.06
2013-04-30 -0.08 0.05
2013-01-31 -0.09 0.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Cannabix Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Cannabix Technologies has efficiently used its assets last year compared to the CA Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cannabix Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Cannabix Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cannabix Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BLO Health

 How is Cannabix Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cannabix Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cannabix Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cannabix Technologies has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cannabix Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Cannabix Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cannabix Technologies Company Filings, last reported 4 months ago.

CNSX:BLO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 14.74 0.00 10.66
2018-10-31 14.97 0.00 10.84
2018-07-31 15.25 0.00 11.21
2018-04-30 14.92 0.00 11.00
2018-01-31 12.88 0.00 8.59
2017-10-31 6.79 0.00 2.75
2017-07-31 7.15 0.00 3.14
2017-04-30 7.44 0.00 3.55
2017-01-31 7.80 0.00 3.88
2016-10-31 6.70 0.00 2.97
2016-07-31 6.21 0.00 2.48
2016-04-30 6.42 0.00 2.62
2016-01-31 4.69 0.00 0.90
2015-10-31 4.88 0.00 1.10
2015-07-31 5.08 0.00 1.30
2015-04-30 4.98 0.00 1.28
2015-01-31 1.22 0.00 0.78
2014-10-31 1.17 0.00 0.68
2014-07-31 1.59 0.00 1.05
2014-04-30 0.23 0.00 0.24
2014-01-31 0.36 0.00 0.30
2013-10-31 -0.03 0.00 0.00
2013-07-31 0.04 0.00 0.01
2013-04-30 0.05 0.00 0.01
2013-01-31 0.09 0.00 0.05
  • Cannabix Technologies has no debt.
  • Cannabix Technologies has not taken on any debt in 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.

  • Cannabix Technologies has sufficient cash runway for more than 3 years based on current free cash flow.
  • Cannabix Technologies has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 24% each year.
X
Financial health checks
We assess Cannabix Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cannabix Technologies has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BLO Dividends

 What is Cannabix Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Cannabix Technologies dividends.
If you bought CA$2,000 of Cannabix Technologies shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Cannabix Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cannabix Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:BLO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Cannabix Technologies has not reported any payouts.
  • Unable to verify if Cannabix Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cannabix Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cannabix Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cannabix Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cannabix Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cannabix Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BLO Management

 What is the CEO of Cannabix Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rav Mlait
COMPENSATION CA$110,000
AGE 42
TENURE AS CEO 8.2 years
CEO Bio

Mr. Ravinder S. Mlait, also known as Rav, BA, MBA, has been Chief Executive Officer, Chief Financial Officer, Secretary at Brockton Ventures Inc. since February 22, 2018 and has been its Director since January 26, 2018. Mr. Mlait has been Chief Executive Officer of Torino Power Solutions Inc. since December 1, 2015 and also serves as its President. Mr. Mlait has been Chief Executive Officer and President of Finore Mining Inc. since October 13, 2016. He serves as the Chief Executive Officer and Director at West Point Resources Inc. He served as President and Chief Executive Officer of Micron Waste Technologies Inc., since October 19, 2017 until January 13, 2019. Mr. Mlait has been the Chief Executive Officer of Cannabix Technologies Inc. since April 5, 2011. Mr. Mlait served as the Chief Executive Officer of Torino Ventures Inc. since December 01, 2015. Mr. Mlait served as the Chief Executive Officer and President of International Corona Capital Corp. (also known as Rockland Minerals Corp.) from July 15, 2008 to April 12, 2016. He served as a Vice President of Corporate Finance of Consolidated Pacific Bay Minerals Ltd. since December 2007. He served as President at Cannabix Technologies Inc. from April 5, 2011 to July 21, 2014. From January 2004 to May 2010, Mr. Mlait performed business development services for Pacific Bay Minerals Ltd. Mr. Mlait was in Investor Relations role with the Consolidated Pacific Bay for three years. He served as Vice President of Business Development from December 2007 to May 2010 and Corporate Communications Consultant of International Corona Capital Corp. from 2004 to 2007. He served as Consultant of Cusac Gold Mines Ltd. from January 2004 to November 2007. He has helped develop public companies listed on the TSX and TSX Venture exchange and OTCBB including junior gold producer, Cusac Gold Mines Ltd. He has been Director of Torino Power Solutions Inc. since February 27, 2015. He has been a Director at Cannabix Technologies Inc. since April 5, 2011 and Finore Mining Inc. since October 13, 2016. He served as Director at Torino Ventures Inc. since February 27, 2015. He served as a Director of International Corona Capital Corp. from June 12, 2008 to April 12, 2016 and Micron Waste Technologies Inc since October 13, 2016 until January 16, 2019. Mr. Mlait studied BA Economics from Simon Fraser University in 1999. Mr. Mlait holds an MBA at Royal Roads University in British Columbia in January 2010.

CEO Compensation
  • Rav's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rav's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Cannabix Technologies management team in years:

6.5
Average Tenure
42
Average Age
  • The average tenure for the Cannabix Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rav Mlait

TITLE
CEO & Director
COMPENSATION
CA$110K
AGE
42
TENURE
8.2 yrs

Kal Malhi

TITLE
President & Director
COMPENSATION
CA$168K
AGE
51
TENURE
4.9 yrs

Bryan Loree

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$92K
AGE
42
TENURE
8.2 yrs

Marilyn Huestis

TITLE
Consultant & Scientific Advisor
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Cannabix Technologies board of directors in years:

6.3
Average Tenure
44
Average Age
  • The tenure for the Cannabix Technologies board of directors is about average.
Board of Directors

Rav Mlait

TITLE
CEO & Director
COMPENSATION
CA$110K
AGE
42
TENURE
8.2 yrs

Kal Malhi

TITLE
President & Director
COMPENSATION
CA$168K
AGE
51
TENURE
5 yrs

Bryan Loree

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$92K
AGE
42
TENURE
8.2 yrs

Tom Clarke

TITLE
Director
AGE
44
TENURE
6.3 yrs

Raj Attariwala

TITLE
Director
COMPENSATION
CA$92K
AGE
50
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • Cannabix Technologies individual insiders have sold more shares than they have bought in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
01. Jun 19 Sell Thomas Clarke Individual 28. May 19 28. May 19 -10,500 CA$1.16 CA$-12,180
25. May 19 Sell Thomas Clarke Individual 21. May 19 21. May 19 -2,700 CA$1.19 CA$-3,213
13. May 19 Sell Thomas Clarke Individual 06. May 19 06. May 19 -8,000 CA$1.25 CA$-10,000
30. Apr 19 Buy Thomas Clarke Individual 30. Apr 19 30. Apr 19 5,000 CA$1.14 CA$5,700
24. Apr 19 Sell Thomas Clarke Individual 17. Apr 19 17. Apr 19 -5,000 CA$1.42 CA$-7,100
12. Apr 19 Sell Thomas Clarke Individual 09. Apr 19 09. Apr 19 -9,000 CA$1.40 CA$-12,627
06. Mar 19 Buy Thomas Clarke Individual 06. Mar 19 06. Mar 19 10,000 CA$1.56 CA$15,600
28. Jan 19 Sell Thomas Clarke Individual 28. Jan 19 28. Jan 19 -15,300 CA$2.00 CA$-30,600
22. Jan 19 Sell Thomas Clarke Individual 22. Jan 19 22. Jan 19 -30,000 CA$1.74 CA$-52,200
28. Dec 18 Sell Thomas Clarke Individual 28. Dec 18 28. Dec 18 -12,800 CA$1.50 CA$-19,200
X
Management checks
We assess Cannabix Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cannabix Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BLO News

Simply Wall St News

BLO Company Info

Description

Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for law enforcement and the work place in North America. It develops drug-testing devices that will detect tetrahydrocannabinol using breath samples at roadside and identify drivers under the influence of marijuana. The company was formerly known as West Point Resources Inc. and changed its name to Cannabix Technologies Inc. in August 2014. Cannabix Technologies Inc. was incorporated in 2011 and is based in Burnaby, Canada.

Details
Name: Cannabix Technologies Inc.
BLO
Exchange: CNSX
Founded: 2011
$130,794,723
104,024,104
Website: http://www.cannabixtechnologies.com
Address: Cannabix Technologies Inc.
501 – 3292 Production Way,
Burnaby,
British Columbia, V5A 4R4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK BLOZ.F Common Shares Pink Sheets LLC US USD 18. Dec 2013
DB 8CT Common Shares Deutsche Boerse AG DE EUR 18. Dec 2013
CNSX BLO Common Shares Canadian National Stock Exchange CA CAD 18. Dec 2013
Number of employees
Current staff
Staff numbers
0
Cannabix Technologies employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 00:55
End of day share price update: 2019/06/21 00:00
Last earnings filing: 2019/03/15
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.