OTCPK:BLOZ.F

Stock Analysis Report

Cannabix Technologies

Executive Summary

Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for law enforcement and the workplace in North America.

Risk Analysis

Earnings have declined by -22.48% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year

+ 1 more risk


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BLOZ.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.0%

BLOZ.F

1.7%

US Electronic

1.5%

US Market


1 Year Return

-60.8%

BLOZ.F

10.4%

US Electronic

20.1%

US Market

Return vs Industry: BLOZ.F underperformed the US Electronic industry which returned 10.4% over the past year.

Return vs Market: BLOZ.F underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

BLOZ.FIndustryMarket
7 Day-2.0%1.7%1.5%
30 Day-20.2%-4.7%1.4%
90 Day34.5%2.4%8.7%
1 Year-60.8%-60.8%11.5%10.4%22.7%20.1%
3 Year-17.1%-17.1%37.4%33.6%50.1%40.5%
5 Year21.9%21.9%70.5%62.1%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

5.13x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BLOZ.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BLOZ.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BLOZ.F is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: BLOZ.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BLOZ.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BLOZ.F is overvalued based on its PB Ratio (5.1x) compared to the US Electronic industry average (1.9x).


Next Steps

Future Growth

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

21.4%

Forecasted Tech 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 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Cannabix Technologies performed over the past 5 years?

-22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLOZ.F is currently unprofitable.

Growing Profit Margin: BLOZ.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BLOZ.F is unprofitable, and losses have increased over the past 5 years at a rate of -22.5% per year.

Accelerating Growth: Unable to compare BLOZ.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BLOZ.F is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (14.6%).


Return on Equity

High ROE: BLOZ.F has a negative Return on Equity (-24.65%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Cannabix Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: BLOZ.F's short term assets (CA$9.3M) exceed its short term liabilities (CA$62.5K).

Long Term Liabilities: BLOZ.F has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BLOZ.F is debt free.

Reducing Debt: BLOZ.F has not had any debt for past 5 years.


Balance Sheet

Inventory Level: BLOZ.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BLOZ.F's debt is covered by short term assets.


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: BLOZ.F has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: BLOZ.F has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -21.1% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate BLOZ.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BLOZ.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BLOZ.F'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 BLOZ.F'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?

7.2yrs

Average management tenure


CEO

Rav Mlait (43yo)

8.8yrs

Tenure

CA$110,000

Compensation

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 Jan ...


CEO Compensation Analysis

Compensation vs Market: Rav's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD521.92K).

Compensation vs Earnings: Rav's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ravinder Mlait
CEO & Director8.8yrsCA$110.00k2.51% CA$1.3m
Kulwant Malhi
President & Director5.7yrsCA$168.00k0.23% CA$118.8k
Bryan Loree
CFO, Corporate Secretary & Director8.8yrsCA$92.00k3.43% CA$1.8m
Marilyn Huestis
Consultant & Scientific Advisor2.1yrsno datano data

7.2yrs

Average Tenure

43yo

Average Age

Experienced Management: BLOZ.F's management team is seasoned and experienced (7.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ravinder Mlait
CEO & Director8.8yrsCA$110.00k2.51% CA$1.3m
Kulwant Malhi
President & Director5.7yrsCA$168.00k0.23% CA$118.8k
Bryan Loree
CFO, Corporate Secretary & Director8.8yrsCA$92.00k3.43% CA$1.8m
Thomas Clarke
Independent Director6.9yrsno data0.0057% CA$2.9k
Rajpaul Attariwala
Independent Director5yrsCA$92.00k0.89% CA$461.4k

6.9yrs

Average Tenure

45yo

Average Age

Experienced Board: BLOZ.F's board of directors are considered experienced (6.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BLOZ.F insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Cannabix Technologies Inc.
  • Ticker: BLOZ.F
  • Exchange: OTCPK
  • Founded: 2011
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CA$68.331m
  • Listing Market Cap: CA$51.562m
  • Shares outstanding: 105.12m
  • Website: https://www.cannabixtechnologies.com

Location

  • Cannabix Technologies Inc.
  • 501 – 3292 Production Way
  • Burnaby
  • British Columbia
  • V5A 4R4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLOCNSX (Canadian National Stock Exchange)YesCommon SharesCACADDec 2013
BLOZ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2013
8CTDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2013
0UO6LSE (London Stock Exchange)YesCommon SharesGBCADDec 2013

Biography

Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for law enforcement and the workplace 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 01:10
End of Day Share Price2020/02/14 00:00
Earnings2019/10/31
Annual Earnings2019/04/30


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.