Cannabis Wheaton Income (OTCMKTS:CBWTF) Shares Gap Down – What’s Next?

Cannabis Wheaton Income Corp. (OTCMKTS:CBWTF) gapped down prior to trading on Tuesday . The stock had previously closed at $2.28, but opened at $2.08. Cannabis Wheaton Income shares last traded at $2.22, with a volume of 319 shares changing hands.

Cannabis Wheaton Income Price Performance

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 stock has a 50 day moving average price of $0.17 and a 200-day moving average price of $0.12. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 113.31 and a beta of 1.39.

Cannabis Wheaton Income (OTCMKTS:CBWTF) last issued its quarterly earnings results 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.