Cannabis Wheaton Income (OTCMKTS:CBWTF) Stock Falls 5.8% – What’s Next?

Cannabis Wheaton Income Corp. (OTCMKTS:CBWTF) shares were down 5.8% during mid-day trading on Thursday. The company traded as low as $2.48 and last traded at $2.4995. Approximately 42,811 shares were traded during trading, an increase of 74% from the average session volume of 24,612 shares. The stock had previously closed at $2.6520.

Cannabis Wheaton Income Stock Performance

The company has a quick ratio of 1.35, a current ratio of 2.23 and a debt-to-equity ratio of 0.21. The business has a 50 day simple moving average of $2.43 and a two-hundred day simple moving average of $0.72. The firm has a market cap of $258.12 million, a PE ratio of 13.15 and a beta of 1.46.

Cannabis Wheaton Income (OTCMKTS:CBWTF) last released its earnings results on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter. Cannabis Wheaton Income had a return on equity of 18.36% and a net margin of 19.74%.

Cannabis Wheaton Income Company Profile

Cannabis Wheaton Income Corp. was a Canada-based cannabis company that provided capital, operational support and industry expertise to cannabis producers in exchange for rights to a portion of their future production. The company focused on developing a portfolio of cannabis cultivation and processing partnerships rather than operating solely as a traditional producer.

Its business activities included financing cannabis projects, supporting cultivation and production infrastructure, and helping partner companies with commercialization and distribution.