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The Cannabist Company (CBST) Fair Value & Analysis

Healthcare · CA · Market cap C$17.5M

TC The Cannabist Company CBST · NEO
PriceC$0.0350
Fair ValueC$0.1000
Upside+185.7%
Quality91/100
Evidence: Low

Fair value as of: Jun 23, 2026

From 2 valuation models · updated 7 days ago

Fair value updated Jun 23, 2026 — revised from C$2.37 to C$0.1000 (−95.8%) since Jun 18, 2026.

Price vs Fair Value (12 months)

C$0.2050 C$0.0300 Fair Value C$0.1000 Jun 2025 Jun 2026

12‑month range C$0.0300 – C$0.2050 · the C$0.0350 price screens below the C$0.1000 fair value. As of Jun 23, 2026.

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Analysis

The Cannabist Company (CBST) currently trades at C$0.0350, while our model-based Fair Value estimate is C$0.1000 — implying the stock looks roughly 185.7% undervalued today. We read business quality at 91/100 (high quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, The Cannabist Company generated revenue of C$350M at a net margin of -51.2%. Revenue declined 30.4% year over year. Net debt stands at C$445M. Fundamentals as of Jun 23, 2026

Key figures & financial health

Revenue (TTM) C$350M
Revenue growth (YoY) -30.4%
Net margin -51.2%
Return on equity -596%
Free cash flow −C$29.2M FY2024
Operating margin -15.1%
More key figures
EPS (TTM) C$-0.5300
Net debt C$445M FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 23, 2026. TTM = trailing twelve months.

About the company

The Cannabist Company Holdings Inc. cultivates, manufactures, and sells cannabis products and related services for the medical and adult-use markets in the United States and internationally. The company operates medical and/or adult use marijuana businesses and dispensaries. It also offers flowers, concentrates, edibles, oils and tablets, and accessories under the dreamt, Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber brands. In addition, the company provides management services to licensed entities. The company was formerly known as Columbia Care Inc. and changed its name to The Cannabist Company Holdings Inc. in September 2023. The Cannabist Company Holdings Inc. was founded in 2012 and is headquartered in Chelmsford, Massachusetts.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

The Cannabist Company reported revenue of C$459M in FY2024 versus C$189M in FY2020, a compound +24.8%/yr. Reported net income was −C$106M in FY2024.

Revenue +24.8%/yr
FY20 C$189M
FY21 C$456M
FY22 C$491M
FY23 C$511M
FY24 C$459M
Net income
FY20 −C$101M
FY21 −C$142M
FY22 −C$400M
FY23 −C$176M
FY24 −C$106M

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Frequently asked questions

Is The Cannabist Company (CBST) undervalued?
As of Jun 23, 2026, our model estimates a fair value of C$0.1000 versus a price of C$0.0350 — about +186% (undervalued). Model-based estimate, not financial advice.
What is the fair value of CBST?
Our 21-model fair value for The Cannabist Company is C$0.1000 (as of Jun 23, 2026), built from audited fundamentals. The current price is C$0.0350.
What is the quality score of CBST?
The Cannabist Company has a Quality Score of 91/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of The Cannabist Company (CBST)?
The Cannabist Company reported trailing-twelve-month revenue of about C$350M (latest available figure, as of Jun 23, 2026).
What is the net profit margin of CBST?
The net profit margin of The Cannabist Company is about -51.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.