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

Cannabis Wheaton Income Corp. (OTCMKTS:CBWTF) reached a new 52-week high during mid-day trading on Monday . The stock 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 Up 1,602.1%

The business’s 50 day simple moving average is $0.13 and its 200 day simple moving average is $0.11. The company has a market capitalization of $3.18 billion, a PE ratio of 112.06 and a beta of 1.39. 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 released its earnings results on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter. Cannabis Wheaton Income had a net margin of 20.99% and a return on equity of 19.84%.

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.