Cannabis Wheaton Income (OTCMKTS:CBWTF) Shares Gap Down – Here’s Why

Shares of Cannabis Wheaton Income Corp. (OTCMKTS:CBWTF) gapped down before the market opened 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 firm has a market cap of $233.10 million, a price-to-earnings ratio of 11.87 and a beta of 1.40. The company has a current ratio of 2.23, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $0.25 and its 200-day moving average price is $0.15.

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

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.