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C21 Investments Inc (CXXIF) Fair Value & Analysis

Healthcare · US · Market cap $28.7M

CI C21 Investments Inc logo C21 Investments Inc CXXIF · US
Price$0.2443
Fair Value$0.3100
Upside+26.9%
Quality52/100
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Weak Growth
Loss-making · -10.0% net margin
Low debt · generates free cash flow
Trails peers (4/12)
Narrow moat 21/100
Evidence: Medium Range $0.1600 – $0.4000 Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

Share price +8.2% over the past month.

A solid business, screening 27% undervalued on our models.

What matters now

  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($0.1600 to $0.4000) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$1.29 $0.1230 Fair Value $0.3100 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range $0.1230 – $1.29 · fair‑value band $0.1600 – $0.4000 · the $0.2443 price screens below the $0.3100 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

C21 Investments Inc (CXXIF) currently trades at $0.2443, while our model-based Fair Value estimate is $0.3100, implying the stock looks roughly 26.9% undervalued today. The Quality Score stands at 52/100 (solid 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: medium), always confirm before acting.

Over the trailing twelve months, C21 Investments Inc generated revenue of $32.6M at a net margin of -10.0%. Revenue declined 8.1% year over year. It earns a return on equity of -12.0%. Net debt stands at $1.4M. Fundamentals as of Jul 16, 2026

Our scenario range runs from $0.1600 (bear case) to $0.4000 (bull case); at $0.2443, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 55% below its 52-week high and 68% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at 27%, CXXIF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $0.1000 $0.1700 $0.2700 80
Rev-Margin DCF $0.1500 $0.3000 $0.5100 74
ROIC Compounder $0.0700 $0.0800 $0.0900 72
All 13 models by family
DCF Models
FCF DCF $0.1000 $0.1600 $0.2900 38
5Y Revenue Exit $0.1500 $0.2900 $0.5400 39
5Y EBITDA Exit $0.2900 $0.5900 $1.09 41
10Y Revenue Exit $0.1300 $0.2600 $0.4400 36
10Y EBITDA Exit $0.2100 $0.4700 $0.9400 37
Earnings-Based
EPV $0.0700 $0.0800 $0.0900 59
Multiples
EV/EBIT $0.2500 $0.3300 $0.4100 53
EV/EBITDA $0.4200 $0.5600 $0.7000 54
EV/Revenue $0.1800 $0.2500 $0.3300 43
Asset-Based
NCAV (Graham) $0.1100 $0.1400 $0.2100 50
Growth DCF
Growth DCF $0.1000 $0.1700 $0.2700 80
Rev-Margin DCF $0.1500 $0.3000 $0.5100 74
Economic Profit
ROIC Compounder $0.0700 $0.0800 $0.0900 72

Widest divergence: Multiples ($0.3300) versus Earnings-Based ($0.0800). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $32.6M
Revenue growth (YoY) -8.1%
Net margin -10.0%
Return on equity -12.0%
Free cash flow $1.1M FY2026
Operating margin 6.4%
More key figures
EPS (TTM) $-0.0300
EPS growth (YoY) -91.6%
Net debt $1.4M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 50 · Market factors (momentum, volatility) 23

Profitability 17
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 86
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

C21 Investments Inc., an integrated cannabis company, cultivates, processes, distributes, and sells cannabis and hemp-derived consumer products in the United States.

Full company description

C21 Investments Inc., an integrated cannabis company, cultivates, processes, distributes, and sells cannabis and hemp-derived consumer products in the United States. The company offers CO2, live resin, distillate, CBD cured resin, and CBD CO2 vaporizer pens; live, cured, and CBD cured resin extracts; bulk and packaged flowers; edibles; pre-rolls; tinctures; and topicals. It also provides payroll and benefits services. The company was formerly known as Curlew Lake Resources Inc. and changed its name to C21 Investments Inc. in November 2017. C21 Investments Inc. was incorporated in 1987 and is headquartered in Vancouver, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

C21 Investments Inc reported revenue of $32.6M in FY2026 versus $33.0M in FY2022, a compound −0.3%/yr. Reported net income was −$3.2M in FY2026.

Growth Quality 12/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
$32.6M
Latest YoY
+8.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.0%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+43.6%
Revenue −0.3%/yr
FY22 $33.0M
FY23 $28.9M
FY24 $28.3M
FY25 $30.1M
FY26 $32.6M
Net income
FY22 $10.9M
FY23 $293K
FY24 −$3.3M
FY25 −$4.0M
FY26 −$3.2M

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Cite: Fair Value Calculator (2026). "C21 Investments Inc Fair Value". https://www.fairvalue-calculator.com/stock/CXXIF

Peer Group

Drug Manufacturers - Specialty & Generic · 623 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 52 · Below median
Fair Value upside +27% · Top 25%
Return on assets 3% · Below median
Net margin (TTM) -10% · Bottom 25%
Operating margin (TTM) 6% · Below median
Revenue growth -8% · Bottom 25%
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/B 1.13× · Cheaper than median
P/S (TTM) 0.88× · Cheaper than median
P/FCF 25.9× · Pricier than 75% of peers
EV/EBITDA 7.0× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 69 · sector 6
FUTURE 0 · sector 20
PAST 0 · sector 24
HEALTH 96 · sector 97
DIVIDEND 0 · sector 34

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is C21 Investments Inc (CXXIF) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $0.3100 versus a price of $0.2443, about +27% (undervalued).
What is the fair value of CXXIF?
Our model-based fair value for C21 Investments Inc is $0.3100 (as of Jul 16, 2026), built from audited fundamentals. The current price is $0.2443.
What is the quality score of CXXIF?
C21 Investments Inc has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of C21 Investments Inc (CXXIF)?
C21 Investments Inc reported trailing-twelve-month revenue of about $32.6M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of CXXIF?
The net profit margin of C21 Investments Inc is about -10.0%, 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.

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