Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Trichome Financial

CNSX:TFC
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TFC
CNSX
CA$19M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Trichome Financial Corp., a specialty finance company, focuses on providing capital solutions to the legal cannabis market worldwide. The last earnings update was 125 days ago. More info.


Add to Portfolio Compare Print
TFC Share Price and Events
7 Day Returns
-
CNSX:TFC
8.1%
CA Diversified Financial
4.5%
CA Market
1 Year Returns
-
CNSX:TFC
-2.2%
CA Diversified Financial
-24.5%
CA Market
TFC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trichome Financial (TFC) - -10.7% -24.2% - - -
CA Diversified Financial 8.1% -29.3% -21% -2.2% -25.5% -48%
CA Market 4.5% -20.1% -24.9% -24.5% -22.2% -16.5%
1 Year Return vs Industry and Market
  • No trading data on TFC.
  • No trading data on TFC.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Trichome Financial 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
Here we compare the current share price of Trichome Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Trichome Financial.

CNSX:TFC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Last reported Return on Equity.
= Stable Book Value * Return on Equity
= CA$-1.00 * 0%
CA$0.00
Book Value of Equity per Share Median Book Value from the past 5 years. CA$-1.00
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CNSX:TFC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.714 (1 + (1- 26.5%) (0.42%))
0.81
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (0.81 * 5.44%)
5.85%

Discounted Cash Flow Calculation for CNSX:TFC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Trichome Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

CNSX:TFC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (0% – 5.85%) * CA$-1.00)
CA$0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$0.06 / (5.85% - 1.44%)
CA$1.33
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$-1.00 + CA$1.33
CA$0.33
CNSX:TFC Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.33
Current discount Discount to share price of CA$0.75
= -1 x (CA$0.75 - CA$0.33) / CA$0.33
-128.5%

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

  • The current share price of Trichome Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Trichome Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trichome Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:TFC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-1.85
CNSX:TFC Share Price ** CNSX (2020-03-26) in CAD CA$0.75
Canada Diversified Financial Industry PE Ratio Median Figure of 8 Publicly-Listed Diversified Financial Companies 7.57x
Canada Market PE Ratio Median Figure of 498 Publicly-Listed Companies 10.3x

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

** Primary Listing of Trichome Financial.

CNSX:TFC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:TFC Share Price ÷ EPS (both in CAD)

= 0.75 ÷ -1.85

-0.41x

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

  • Trichome Financial is loss making, we can't compare its value to the CA Diversified Financial industry average.
  • Trichome Financial is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Trichome Financial's expected growth come at a high price?
Raw Data
CNSX:TFC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Diversified Financial Industry PEG Ratio Median Figure of 8 Publicly-Listed Diversified Financial Companies -0.07x
Canada Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 0.7x

*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 Trichome Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Trichome Financial's assets?
Raw Data
CNSX:TFC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$-1.62
CNSX:TFC Share Price * CNSX (2020-03-26) in CAD CA$0.75
Canada Diversified Financial Industry PB Ratio Median Figure of 12 Publicly-Listed Diversified Financial Companies 0.71x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 0.99x
CNSX:TFC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:TFC Share Price ÷ Book Value per Share (both in CAD)

= 0.75 ÷ -1.62

-0.46x

* Primary Listing of Trichome Financial.

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

  • Trichome Financial has negative assets, we can't compare the value of its assets to the CA Diversified Financial industry average.
X
Value checks
We assess Trichome Financial'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Trichome Financial 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 Trichome Financial 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 Trichome Financial 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
-62.9%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trichome Financial expected to grow at an attractive rate?
  • Unable to compare Trichome Financial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Trichome Financial's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Trichome Financial's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:TFC Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average -62.9%
North America Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*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:TFC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:TFC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 1 -8 -4
2019-06-30 0 -7 -4
2019-03-31 0 -5 -3
2018-12-31 0 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Trichome Financial is high growth as no earnings estimate data is available.
  • Unable to determine if Trichome Financial 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:TFC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Trichome Financial Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:TFC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -1.85
2019-06-30 -1.76
2019-03-31 -1.37
2018-12-31 -1.09

*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 Trichome Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of TFC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Trichome Financial'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. Trichome Financial'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 Trichome Financial'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 North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America 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.
Trichome Financial 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 Trichome Financial 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 Trichome Financial's growth in the last year to its industry (Diversified Financial).
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.
  • Trichome Financial does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Trichome Financial's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Trichome Financial's 1-year growth to the North America Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
Trichome Financial'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 Trichome Financial Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:TFC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 0.70 -4.22 2.68
2019-06-30 0.30 -4.03 2.80
2019-03-31 0.08 -3.13 2.34
2018-12-31 0.02 -2.21 1.74

*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 Trichome Financial has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Trichome Financial has efficiently used its assets last year compared to the CA Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Trichome Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Trichome Financial'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 Diversified Financial 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.
Trichome Financial 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 Trichome Financial'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 Trichome Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trichome Financial's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Trichome Financial has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Trichome Financial'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.
  • Trichome Financial has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Trichome Financial Company Filings, last reported 6 months ago.

CNSX:TFC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -3.76 0.08 6.60
2019-06-30 -2.80 0.08 7.79
2019-03-31 -1.86 0.24 13.36
2018-12-31 -1.18 0.00 13.81
  • Trichome Financial has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Trichome Financial's debt level has increased considering it has negative shareholder equity.
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.

  • Trichome Financial has less than a year of cash runway based on current free cash flow.
  • Trichome Financial has less than a year of cash runway if free cash flow continues to grow at historical rates of 179.4% each year.
X
Financial health checks
We assess Trichome Financial'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. Trichome Financial has a total score of 1/6, 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 Trichome Financial'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 Trichome Financial dividends.
If you bought CA$2,000 of Trichome Financial shares you are expected to receive CA$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 Trichome Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Trichome Financial'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:TFC 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 Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.8%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.7%

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 Trichome Financial has not reported any payouts.
  • Unable to verify if Trichome Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Trichome Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Trichome Financial 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 Trichome Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Trichome Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trichome Financial 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 Trichome Financial'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
Michael Ruscetta
COMPENSATION CA$319,334
AGE 48
TENURE AS CEO 1.8 years
CEO Bio

Mr. Michael Ruscetta has been a CEO & Director at Trichome Financial Corp since May 7, 2018. Mr. Ruscetta was employed at CIBC Capital Partners in the position of Director. Mr. Ruscetta has direct investing experience in public and private equities, credit, distressed situations and various corporate restructurings across many industry sectors. Prior to Trichome, Mr. Ruscetta founded and managed the RCM Special Situations Fund and led the Canada Special Situations Group (CSSG) at Goldman Sachs Canada.

CEO Compensation
  • Insufficient data for Michael to compare compensation growth.
  • Michael's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Trichome Financial management team in years:

1.3
Average Tenure
31
Average Age
  • The average tenure for the Trichome Financial management team is less than 2 years, this suggests a new team.
Management Team

Marc Lustig

TITLE
Co-Founder & Chairman of the Board
AGE
45

Michael Ruscetta

TITLE
CEO & Director
COMPENSATION
CA$319K
AGE
48
TENURE
1.8 yrs

Karl Grywacheski

TITLE
Chief Financial Officer
AGE
31

Kevin Jarrett

TITLE
Vice President of Investments
COMPENSATION
CA$335K
AGE
30
TENURE
1.3 yrs

Dan Cohen

TITLE
VP & General Counsel
TENURE
1.2 yrs

Aaron Salz

TITLE
Co-Founder & Advisor
AGE
28
Board of Directors Tenure

Average tenure and age of the Trichome Financial board of directors in years:

2
Average Tenure
50.5
Average Age
  • The average tenure for the Trichome Financial board of directors is less than 3 years, this suggests a new board.
Board of Directors

Marc Lustig

TITLE
Co-Founder & Chairman of the Board
AGE
45

Michael Ruscetta

TITLE
CEO & Director
COMPENSATION
CA$319K
AGE
48
TENURE
1.8 yrs

Tim Diamond

TITLE
Director
COMPENSATION
CA$94K
AGE
51
TENURE
2.2 yrs

Howard Steinberg

TITLE
Director
AGE
52
TENURE
1.2 yrs

Marissa Lauder

TITLE
Director
COMPENSATION
CA$94K
AGE
51
TENURE
2.1 yrs

Jonathan Page

TITLE
Director
COMPENSATION
CA$94K
AGE
50
TENURE
2.1 yrs

Bradley Young

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
18. Dec 19 Buy Michael Ruscetta Individual 17. Dec 19 18. Dec 19 27,000 CA$0.75 CA$19,858
09. Dec 19 Buy Karl Grywacheski Individual 05. Dec 19 05. Dec 19 5,000 CA$0.70 CA$3,500
09. Dec 19 Buy Howard Steinberg Individual 05. Dec 19 05. Dec 19 31,500 CA$0.70 CA$22,050
09. Dec 19 Buy Michael Ruscetta Individual 05. Dec 19 09. Dec 19 173,000 CA$0.80 CA$132,307
13. Dec 19 Buy Karl Grywacheski Individual 13. Dec 19 13. Dec 19 5,000 CA$0.80 CA$4,000
X
Management checks
We assess Trichome Financial'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. Trichome Financial 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

Trichome Financial Corp., a specialty finance company, focuses on providing capital solutions to the legal cannabis market worldwide. The company is headquartered in Toronto, Canada.

Details
Name: Trichome Financial Corp.
TFC
Exchange: CNSX
Founded:
CA$18,806,123
25,074,831
Website: http://www.trichomefinancial.com
Address: Trichome Financial Corp.
150 King Street West,
Suite 200,
Toronto,
Ontario, M5H 3T9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX TFC Common Shares Canadian National Stock Exchange CA CAD 10. Oct 2019
Number of employees
Current staff
Staff numbers
0
Trichome Financial employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 01:01
End of day share price update: 2020/03/26 00:00
Last earnings filing: 2019/11/28
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.