OTCPK:CANL

Stock Analysis Report

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Executive Summary

CannLabs, Inc. provides cannabis testing laboratory services in the United States. More Details


Snowflake Analysis

Excellent balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has CannLabs's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CANL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.3%

CANL

2.3%

US Healthcare

0.09%

US Market


1 Year Return

-36.7%

CANL

16.6%

US Healthcare

12.6%

US Market

Return vs Industry: CANL underperformed the US Healthcare industry which returned 16.6% over the past year.

Return vs Market: CANL underperformed the US Market which returned 12.6% over the past year.


Shareholder returns

CANLIndustryMarket
7 Day2.3%2.3%0.09%
30 Day10.0%-2.8%-1.6%
90 Day23.1%1.7%7.9%
1 Year-36.7%-36.7%18.2%16.6%15.2%12.6%
3 Year-68.4%-68.4%29.9%24.2%38.9%29.6%
5 Year-90.9%-90.9%53.8%43.0%87.6%66.5%

Price Volatility Vs. Market

How volatile is CannLabs's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CannLabs undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether CannLabs is trading at an attractive price based on the cash flow it is expected to produce in the future. But as CannLabs 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.


Next Steps

  • Examine CannLabs'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.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through CannLabs regulatory filings here.
  • Explore potentially undervalued companies in the Healthcare industry.

Future Growth

How is CannLabs forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

Forecasted Healthcare 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 CannLabs 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.


Next Steps

Past Performance

How has CannLabs performed over the past 5 years?

7.7%

Historical Healthcare annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, CannLabs has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is CannLabs's financial position?


In this section we usually analyse CannLabs's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. CannLabs has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of CANL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when CannLabs's financial data was last updated here.
  • Explore more healthy companies in the Healthcare industry.

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CANL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CANL'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 CANL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CANL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CANL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average board tenure


CEO

Mark Mirken (75 yo)

5.08yrs

Tenure

US$6,091,115

Compensation

Mr. Mark C. Mirken has been the Chairman and Chief Executive Officer of Cannlabs, Inc. since August 7, 2015. Mr. Mirken served as the Chairman and Chief Executive Officer at Inergetics, Inc., (formerly Mil ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD589.17K).

Compensation vs Earnings: Insufficient data to compare Mark's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Mark Mirken
Chairman & CEO5.08yrsUS$6.09mno data
Carl Banzhof
Member of Business and Technology Advisory Board6.25yrsno datano data
Jonathan Merriman
Member of Business and Technology Advisory Board6.25yrsno datano data
Joseph Albaugh
Director6.67yrsno datano data
Margaret Gedde
Member of Science Advisory Boardno datano datano data
Paul Matthews
Member of Science Advisory Boardno datano datano data

6.3yrs

Average Tenure

64yo

Average Age

Experienced Board: CANL's board of directors are considered experienced (6.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 323.3%.


Top Shareholders

Company Information

CannLabs, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CannLabs, Inc.
  • Ticker: CANL
  • Exchange: OTCPK
  • Founded:
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: US$13.316m
  • Shares outstanding: 263.16m

Number of Employees


Location

  • CannLabs, Inc.
  • 3888 East Mexico Avenue
  • Suite 202
  • Denver
  • Colorado
  • 80210
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CANLOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2014

Biography

CannLabs, Inc. provides cannabis testing laboratory services in the United States. Its testing services include potency testing, residual solvent analysis, microbiological testing, pesticide testing, heavy ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 06:48
End of Day Share Price2020/09/18 00:00
Earnings2015/03/31
Annual Earnings2014/12/31


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.