Cannabis Wheaton Income (OTCMKTS:CBWTF) Hits New 52-Week High – Still a Buy?

Cannabis Wheaton Income Corp. (OTCMKTS:CBWTF)’s stock price hit a new 52-week high on Monday . The company traded as high as $2.35 and last traded at $2.20, with a volume of 4626 shares. The stock had previously closed at $0.1316.

Cannabis Wheaton Income Stock Performance

The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 112.06 and a beta of 1.39. The company’s 50-day simple moving average is $0.13 and its 200-day simple moving average is $0.11. The company has a quick ratio of 1.35, a current ratio of 2.23 and a debt-to-equity ratio of 0.21.

Cannabis Wheaton Income (OTCMKTS:CBWTF) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.05 EPS for the quarter. Cannabis Wheaton Income had a return on equity of 19.84% and a net margin of 20.99%.

Cannabis Wheaton Income Company Profile

Cannabis Wheaton Income Corp. is a Canada-based company that operates as a streaming and royalty partner to licensed cannabis producers. Rather than cultivating or processing plants itself, the company provides upfront capital to fund the construction and expansion of cultivation, extraction and manufacturing facilities. In return, Cannabis Wheaton receives a percentage of revenue or in-kind production from its partners’ future harvests, creating a predictable income stream without taking on operational cannabis risks.

The company’s portfolio spans a range of revenue-sharing and product-streaming agreements with multiple Health Canada-licensed producers.