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Tidal Royalty

CNSX:RLTY.U
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RLTY.U
CNSX
$76M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Tidal Royalty Corp. is a private equity firm specializing in royalty finance. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • Tidal Royalty is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Tidal Royalty has significant price volatility in the past 3 months.
RLTY.U Share Price and Events
7 Day Returns
0%
CNSX:RLTY.U
-1.2%
CA Capital Markets
-1.5%
CA Market
1 Year Returns
-
CNSX:RLTY.U
-5%
CA Capital Markets
0.1%
CA Market
RLTY.U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tidal Royalty (RLTY.U) 0% 0% 0% - - -
CA Capital Markets -1.2% -0.3% 4.7% -5% 14.6% -17.4%
CA Market -1.5% -0.8% 3.3% 0.1% 14% 4.4%
1 Year Return vs Industry and Market
  • No trading data on RLTY.U.
  • No trading data on RLTY.U.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Tidal Royalty undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Tidal Royalty. This is due to cash flow or dividend data being unavailable. The share price is $0.26.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tidal Royalty's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tidal Royalty's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:RLTY.U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in CAD CA$-0.08
CNSX:RLTY.U Share Price ** CNSX (2019-02-08) in USD $0.26
CNSX:RLTY.U Share Price converted to CAD reporting currency Exchange rate (USD/ CAD) 1.345 CA$0.35
Canada Capital Markets Industry PE Ratio Median Figure of 18 Publicly-Listed Capital Markets Companies 12.07x
Canada Market PE Ratio Median Figure of 554 Publicly-Listed Companies 14.3x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tidal Royalty.

CNSX:RLTY.U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:RLTY.U Share Price ÷ EPS (both in CAD)

= 0.35 ÷ -0.08

-4.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tidal Royalty is loss making, we can't compare its value to the CA Capital Markets industry average.
  • Tidal Royalty is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Tidal Royalty's expected growth come at a high price?
Raw Data
CNSX:RLTY.U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 35 Publicly-Listed Capital Markets Companies 2.43x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tidal Royalty, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tidal Royalty's assets?
Raw Data
CNSX:RLTY.U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in CAD CA$0.10
CNSX:RLTY.U Share Price * CNSX (2019-02-08) in USD $0.26
CNSX:RLTY.U Share Price converted to CAD reporting currency Exchange rate (USD/ CAD) 1.345 CA$0.35
Canada Capital Markets Industry PB Ratio Median Figure of 140 Publicly-Listed Capital Markets Companies 1.15x
Canada Market PB Ratio Median Figure of 2,407 Publicly-Listed Companies 1.42x
CNSX:RLTY.U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:RLTY.U Share Price ÷ Book Value per Share (both in CAD)

= 0.35 ÷ 0.10

3.39x

* Primary Listing of Tidal Royalty.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tidal Royalty is overvalued based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Tidal Royalty's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Tidal Royalty has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tidal Royalty expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tidal Royalty has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.5%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tidal Royalty expected to grow at an attractive rate?
  • Unable to compare Tidal Royalty's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tidal Royalty's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Tidal Royalty's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:RLTY.U Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 8.5%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average -1.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 16.4%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:RLTY.U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:RLTY.U Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-01-31 -9 -13
2018-10-31 -8 -12
2018-07-31 -5 -8
2018-04-30 0 -1
2018-01-31 0 0
2017-10-31 0 0
2017-07-31 0 0
2017-04-30 0 0
2017-01-31 0 0
2016-10-31 0 0
2016-07-31 0 0
2016-04-30 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tidal Royalty is high growth as no earnings estimate data is available.
  • Unable to determine if Tidal Royalty is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:RLTY.U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tidal Royalty Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:RLTY.U Past Financials Data
Date (Data in CAD Millions) EPS *
2019-01-31 -0.08
2018-10-31 -0.13
2018-07-31 -0.26
2018-04-30 -0.37
2018-01-31 -0.11
2017-10-31 -0.03
2017-07-31 -0.01
2017-04-30 -0.01
2017-01-31 -0.01
2016-10-31 -0.01
2016-07-31 -0.02
2016-04-30 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tidal Royalty will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Tidal Royalty's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Tidal Royalty's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Tidal Royalty's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Tidal Royalty's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tidal Royalty has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tidal Royalty performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tidal Royalty's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tidal Royalty does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Tidal Royalty's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tidal Royalty's 1-year growth to the CA Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Tidal Royalty's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tidal Royalty Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:RLTY.U Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 -12.95 12.78
2018-10-31 -11.62 11.03
2018-07-31 -7.83 7.34
2018-04-30 -1.04 1.00
2018-01-31 -0.31 0.28
2017-10-31 -0.09 0.07
2017-07-31 -0.03 0.03
2017-04-30 -0.03 0.03
2017-01-31 -0.02 0.02
2016-10-31 -0.04 0.04
2016-07-31 -0.06 0.06
2016-04-30 -0.10 0.10
2016-01-31 -0.11 0.11
2015-10-31 -0.14 0.14
2015-07-31 -0.13 0.13
2015-04-30 -0.09 0.09
2015-01-31 -0.07 0.07
2014-10-31 -0.04 0.04
2014-07-31 -0.03 0.03
2014-04-30 -0.01 0.01
2014-01-31 -0.01 0.01
2013-10-31 -0.02 0.02
2013-07-31 -0.03 0.03
2013-04-30 -0.06 0.06
2013-01-31 -0.07 0.07
2012-10-31 -0.08 0.08
2012-07-31 -0.15 0.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Tidal Royalty has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Tidal Royalty has efficiently used its assets last year compared to the CA Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tidal Royalty improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tidal Royalty's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tidal Royalty has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tidal Royalty's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tidal Royalty's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tidal Royalty is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tidal Royalty has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tidal Royalty's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1786.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tidal Royalty Company Filings, last reported 3 months ago.

CNSX:RLTY.U Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 30.76 0.01 17.43
2018-10-31 31.74 0.01 27.90
2018-07-31 34.23 0.03 33.95
2018-04-30 4.85 0.04 5.54
2018-01-31 2.45 0.07 2.83
2017-10-31 -0.19 0.11 0.02
2017-07-31 -0.14 0.05 0.02
2017-04-30 -0.11 0.06 0.00
2017-01-31 -0.11 0.06 0.00
2016-10-31 -0.10 0.05 0.00
2016-07-31 -0.10 0.05 0.00
2016-04-30 -0.09 0.04 0.00
2016-01-31 -0.08 0.03 0.00
2015-10-31 -0.07 0.02 0.00
2015-07-31 -0.05 0.02 0.01
2015-04-30 -0.01 0.00 0.02
2015-01-31 -0.03 0.00 0.00
2014-10-31 -0.01 0.00 0.03
2014-07-31 -0.03 0.00 0.01
2014-04-30 -0.02 0.00 0.01
2014-01-31 -0.03 0.01
2013-10-31 -0.03 0.00 0.00
2013-07-31 -0.03 0.00 0.00
2013-04-30 -0.03 0.00 0.00
2013-01-31 -0.02 0.00 0.00
2012-10-31 -0.01 0.00 0.01
2012-07-31 0.00 0.00 0.02
  • Tidal Royalty's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Tidal Royalty had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Tidal Royalty has sufficient cash runway for 1.9 years based on current free cash flow.
  • Tidal Royalty has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 143% each year.
X
Financial health checks
We assess Tidal Royalty's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tidal Royalty has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tidal Royalty's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tidal Royalty dividends.
If you bought $2,000 of Tidal Royalty shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tidal Royalty's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tidal Royalty's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:RLTY.U Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tidal Royalty has not reported any payouts.
  • Unable to verify if Tidal Royalty's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tidal Royalty's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tidal Royalty has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tidal Royalty's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tidal Royalty afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tidal Royalty has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tidal Royalty's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Rosen
COMPENSATION CA$275,000
AGE 54
TENURE AS CEO 1.3 years
CEO Bio

Mr. Paul Rosen, LLB serves as Independent Director of Hill Street Beverage Company Inc. since July 2018. Mr. Rosen has been the Chief Executive Officer of Tidal Royalty Corporation since January 01, 2018 and served as its Chairman of the Board until February 2019. He is the founder and Managing Director of BreakWater Venture Capital. He was a Co-Founder of Cronos Group Inc. and served as its Consultant since May 16, 2016. Mr. Rosen served as the Chief Executive Officer and President of Cronos Group Inc. from January 18, 2013 to May 13, 2016 and served as its Secretary until May 13, 2016. Prior to Cronos Group Inc., He was the Founder and Chief Executive Officer at SkyPad Inc. from October 1999 to January 2014. Mr. Rosen has been involved in a leadership role in the development of several start-up companies. Prior to SkyPad, he acted as Chief Executive Officer at Rustique. Mr. Rosen serves as the Chairman of SkyPad Inc. He has been a Director of iAnthus Capital Holdings, Inc. since September 19, 2016. Mr. Rosen served as a Director of Rg One Corp until November 15, 2016. He served as a Director of Cronos Group Inc. from January 18, 2013 to May 13, 2016. Mr. Rosen serves on the Advisory Board at Alembic Goods. He was Director of Tidal Royalty Corporation (also known as Elkhorn Gold Mining Corp.) since July 20, 2017 until February 2019. Mr. Rosen is a Director at High Tide Inc since August 2018. He is a Member of the Law Society of Upper Canada and previously practiced constitutional and criminal law in Canada for several years. Mr. Rosen practiced constitutional and criminal law. He received a B.A. in Economics from the University of Western Ontario in 1985 and an LL.B. from the University of Toronto in 1988.

CEO Compensation
  • Paul's compensation has increased whilst company is loss making.
  • Paul's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Tidal Royalty management team in years:

1.3
Average Tenure
  • The average tenure for the Tidal Royalty management team is less than 2 years, this suggests a new team.
Management Team

Paul Rosen

TITLE
Chief Executive Officer
COMPENSATION
CA$275K
AGE
54
TENURE
1.3 yrs

Terry Taouss

TITLE
President
COMPENSATION
CA$160K
TENURE
0.8 yrs

Theo van der Linde

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$62K
AGE
44
TENURE
1.8 yrs

Stefania Zilinskas

TITLE
General Counsel

Jonathan Beland

TITLE
Vice President- Corporate Development
Board of Directors Tenure

Average tenure and age of the Tidal Royalty board of directors in years:

0.9
Average Tenure
46
Average Age
  • The average tenure for the Tidal Royalty board of directors is less than 3 years, this suggests a new board.
Board of Directors

Brian Penny

TITLE
Independent Director
COMPENSATION
CA$10K
AGE
55
TENURE
0.9 yrs

Theo van der Linde

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$62K
AGE
44
TENURE
1.8 yrs

Stewart Wooldridge

TITLE
Non-Independent Director
COMPENSATION
CA$8K
AGE
56
TENURE
16.8 yrs

Brendan Purdy

TITLE
Director
TENURE
1.8 yrs

Hugo Alves

TITLE
Member of Advisory Board
AGE
46
TENURE
0.9 yrs

Richard Brooks

TITLE
Member of Advisory Board
TENURE
0.9 yrs

Marc Lustig

TITLE
Member of Advisory Board
AGE
44
TENURE
0.9 yrs

Joel Sherlock

TITLE
Member of Advisory Board
TENURE
0.9 yrs

Al Harrington

TITLE
Member of Advisory Board
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. Jan 19 Buy Paul Rosen Individual 27. Jul 18 07. Dec 18 104,000 $0.42 $24,158
27. Dec 18 Buy Paul Rosen Individual 20. Dec 18 21. Dec 18 2,300,000 $0.10 $234,130
22. Dec 18 Buy Stuart Wooldridge Individual 20. Dec 18 20. Dec 18 20,000 $0.10 $1,900
20. Dec 18 Buy Theodore Taoussanopoulos Individual 20. Dec 18 20. Dec 18 50,000 $0.10 $4,875
11. Dec 18 Buy Paul Rosen Individual 07. Dec 18 07. Dec 18 380,500 $0.15 $53,605
18. Nov 18 Buy Stuart Wooldridge Individual 15. Nov 18 15. Nov 18 20,000 $0.17 $3,300
09. Nov 18 Buy Brian Penny Individual 08. Nov 18 08. Nov 18 100,000 $0.17 $17,000
05. Oct 18 Buy Stefania Zilinskas Individual 05. Oct 18 05. Oct 18 4,500 $0.13 $574
01. Oct 18 Buy Theodore Taoussanopoulos Individual 01. Oct 18 01. Oct 18 20,000 $0.22 $4,300
13. Sep 18 Buy Paul Rosen Individual 12. Sep 18 12. Sep 18 200,000 $0.27 $52,449
13. Sep 18 Buy Stuart Wooldridge Individual 10. Sep 18 10. Sep 18 35,000 $0.29 $9,562
11. Sep 18 Buy Paul Rosen Individual 10. Sep 18 11. Sep 18 561,500 $0.32 $168,495
03. Sep 18 Buy Paul Rosen Individual 31. Aug 18 31. Aug 18 10,000 $0.46 $4,550
02. Sep 18 Sell Stuart Wooldridge Individual 29. Aug 18 30. Aug 18 -20,000 $0.45 $-9,000
30. Aug 18 Buy Paul Rosen Individual 30. Aug 18 30. Aug 18 120,000 $0.47 $54,869
29. Aug 18 Sell Stuart Wooldridge Individual 24. Aug 18 24. Aug 18 -10,000 $0.43 $-4,325
23. Aug 18 Buy Paul Rosen Individual 22. Aug 18 22. Aug 18 95,000 $0.43 $39,843
22. Aug 18 Buy Paul Rosen Individual 20. Aug 18 20. Aug 18 100,000 $0.46 $45,220
20. Aug 18 Sell Stuart Wooldridge Individual 14. Aug 18 14. Aug 18 -20,000 $0.62 $-12,400
15. Aug 18 Sell Stuart Wooldridge Individual 10. Aug 18 10. Aug 18 -25,000 $0.50 $-12,408
10. Aug 18 Buy Paul Rosen Individual 10. Aug 18 10. Aug 18 60,000 $0.67 $39,803
10. Aug 18 Sell Stuart Wooldridge Individual 08. Aug 18 08. Aug 18 -25,000 $0.55 $-13,750
31. Jul 18 Buy Paul Rosen Individual 30. Jul 18 30. Jul 18 20,000 $0.38 $7,500
30. Jul 18 Buy Paul Rosen Individual 27. Jul 18 27. Jul 18 91,500 $0.43 $38,913
30. Jul 18 Sell Stuart Wooldridge Individual 25. Jul 18 27. Jul 18 -50,000 $0.49 $-23,750
26. Jul 18 Buy Paul Rosen Individual 26. Jul 18 26. Jul 18 30,000 $0.48 $14,350
25. Jul 18 Sell Paul Rosen Individual 25. Jul 18 25. Jul 18 -10,000 $0.50 $-4,950
25. Jul 18 Buy Paul Rosen Individual 25. Jul 18 25. Jul 18 85,000 $0.50 $42,343
25. Jul 18 Sell Stuart Wooldridge Individual 09. Jul 18 13. Jul 18 -36,666 $0.66 $-20,055
24. Jul 18 Buy Paul Rosen Individual 23. Jul 18 24. Jul 18 185,000 $0.51 $91,985
17. Jul 18 Buy Paul Rosen Individual 13. Jul 18 13. Jul 18 500,000 $0.65 $305,262
X
Management checks
We assess Tidal Royalty's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tidal Royalty has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Tidal Royalty Corp. is a private equity firm specializing in royalty finance. It provides non-dilutive royalty financing. The firm invests in U.S. cannabis industry. The firm was formerly known as Tulloch Resources Ltd. and changed its name to Tidal Royalty Corp. in July 2017. Tidal Royalty Corp. was incorporated in 1980 and is headquartered in Toronto, Canada with an additional office in Vancouver, Canada.

Details
Name: Tidal Royalty Corp.
RLTY.U
Exchange: CNSX
Founded: 1980
$75,960,992
292,157,662
Website: http://www.tidalroyalty.com
Address: Tidal Royalty Corp.
161 Bay Street,
Suite 4010,
Toronto,
Ontario, M5J 2S1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX RLTY.U New Common Stock Canadian National Stock Exchange CA USD 25. Jun 2018
Number of employees
Current staff
Staff numbers
0
Tidal Royalty employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/09 03:25
End of day share price update: 2019/02/08 00:00
Last earnings filing: 2019/04/01
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.