Cannabis Wheaton Income (OTCMKTS:CBWTF) Announces Earnings Results

Cannabis Wheaton Income (OTCMKTS:CBWTF) posted its earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, Zacks reports. Cannabis Wheaton Income had a net margin of 19.74% and a return on equity of 18.36%.

Cannabis Wheaton Income Trading Down 2.4%

CBWTF stock traded down $0.06 during midday trading on Thursday, reaching $2.45. 12,789 shares of the company’s stock traded hands, compared to its average volume of 41,737. The business has a 50-day moving average price of $2.45 and a two-hundred day moving average price of $0.77. Cannabis Wheaton Income has a fifty-two week low of $1.06 and a fifty-two week high of $2.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.23 and a quick ratio of 1.35. The company has a market capitalization of $253.01 million, a P/E ratio of 12.89 and a beta of 1.46.

Cannabis Wheaton Income Company Profile

Cannabis Wheaton Income Corp. was a Canadian cannabis company that later changed its name to Auxly Cannabis Group Inc. The company developed a financing model for cannabis producers, providing capital and other support in exchange for rights to a portion of their future production. Auxly went on to focus on developing and selling cannabis products, including products for Canada’s adult-use and medical markets. Its activities included cultivation, processing, product development and distribution.