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Heritage Cannabis Holdings

CNSX:CANN
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CANN
CNSX
CA$167M
Market Cap
  1. Home
  2. CA
  3. Pharmaceuticals & Biotech
Company description

Heritage Cannabis Holdings Corp., through its subsidiary, focuses on becoming a vertically integrated cannabis provider in Canada and internationally. The last earnings update was 87 days ago. More info.


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  • Heritage Cannabis Holdings has significant price volatility in the past 3 months.
CANN Share Price and Events
7 Day Returns
-17.4%
CNSX:CANN
-5.9%
CA Pharmaceuticals
1.3%
CA Market
1 Year Returns
16.4%
CNSX:CANN
-46.7%
CA Pharmaceuticals
-0.1%
CA Market
CANN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Heritage Cannabis Holdings (CANN) -17.4% -12.3% -21.1% 16.4% 914.3% 255%
CA Pharmaceuticals -5.9% -3.4% -24.8% -46.7% 217.3% 286.4%
CA Market 1.3% 4.2% 1.6% -0.1% 8.4% 5.7%
1 Year Return vs Industry and Market
  • CANN outperformed the Pharmaceuticals industry which returned -46.7% over the past year.
  • CANN outperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
CANN
Industry
5yr Volatility vs Market

CANN Value

 Is Heritage Cannabis Holdings 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 Heritage Cannabis Holdings. This is due to cash flow or dividend data being unavailable. The share price is CA$0.355.
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 Heritage Cannabis Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Heritage Cannabis Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:CANN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$-0.03
CNSX:CANN Share Price ** CNSX (2019-09-20) in CAD CA$0.36
Canada Pharmaceuticals Industry PE Ratio Median Figure of 13 Publicly-Listed Pharmaceuticals Companies 15.3x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 14.14x

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

** Primary Listing of Heritage Cannabis Holdings.

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

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

= 0.36 ÷ -0.03

-10.31x

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

  • Heritage Cannabis Holdings is loss making, we can't compare its value to the CA Pharmaceuticals industry average.
  • Heritage Cannabis Holdings is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Heritage Cannabis Holdings's expected growth come at a high price?
Raw Data
CNSX:CANN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Pharmaceuticals Industry PEG Ratio Median Figure of 7 Publicly-Listed Pharmaceuticals Companies 1.56x
Canada Market PEG Ratio Median Figure of 245 Publicly-Listed Companies 1.02x

*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 Heritage Cannabis Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Heritage Cannabis Holdings's assets?
Raw Data
CNSX:CANN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$0.14
CNSX:CANN Share Price * CNSX (2019-09-20) in CAD CA$0.36
Canada Pharmaceuticals Industry PB Ratio Median Figure of 151 Publicly-Listed Pharmaceuticals Companies 2.36x
Canada Market PB Ratio Median Figure of 2,457 Publicly-Listed Companies 1.43x
CNSX:CANN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.36 ÷ 0.14

2.54x

* Primary Listing of Heritage Cannabis Holdings.

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

  • Heritage Cannabis Holdings is overvalued based on assets compared to the CA Pharmaceuticals industry average.
X
Value checks
We assess Heritage Cannabis Holdings'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 Pharmaceuticals 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 Pharmaceuticals industry average (and greater than 0)? (1 check)
  5. Heritage Cannabis Holdings 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.

CANN Future Performance

 How is Heritage Cannabis Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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 Heritage Cannabis Holdings 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
97.7%
Expected Pharmaceuticals industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Heritage Cannabis Holdings expected to grow at an attractive rate?
  • Unable to compare Heritage Cannabis Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Heritage Cannabis Holdings's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Heritage Cannabis Holdings's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:CANN Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Pharmaceuticals Industry Earnings Growth Rate Market Cap Weighted Average 97.7%
Canada Pharmaceuticals Industry Revenue Growth Rate Market Cap Weighted Average 56.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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:CANN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:CANN Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-10-31 106 1
2020-10-31 54 1
2019-10-31 3 1
2019-09-22
CNSX:CANN Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 -4 -10
2019-01-31 -3 -8
2018-10-31 -2 -6
2018-07-31 -1 -4
2018-04-30 -1 -3
2018-01-31 -2 -2
2017-10-31 -1 0
2017-07-31 -1 -2
2017-04-30 -1 -2
2017-01-31 0 -1
2016-10-31 0 -1
2016-07-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Heritage Cannabis Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Heritage Cannabis Holdings 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:CANN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Heritage Cannabis Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:CANN Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-10-31
2020-10-31
2019-10-31
2019-09-22
CNSX:CANN Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 -0.03
2019-01-31 -0.04
2018-10-31 -0.04
2018-07-31 -0.03
2018-04-30 -0.02
2018-01-31 -0.02
2017-10-31 0.00
2017-07-31 -0.02
2017-04-30 -0.03
2017-01-31 -0.02
2016-10-31 -0.02
2016-07-31 -0.03

*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 Heritage Cannabis Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Heritage Cannabis Holdings'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. Heritage Cannabis Holdings'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 Pharmaceuticals & Biotech companies here
  3. Heritage Cannabis Holdings'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 Heritage Cannabis Holdings'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.
Heritage Cannabis Holdings 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.

CANN Past Performance

  How has Heritage Cannabis Holdings 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 Heritage Cannabis Holdings's growth in the last year to its industry (Pharmaceuticals).
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.
  • Heritage Cannabis Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Heritage Cannabis Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Heritage Cannabis Holdings's 1-year growth to the CA Pharmaceuticals industry average as it is not currently profitable.
Earnings and Revenue History
Heritage Cannabis Holdings'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 Heritage Cannabis Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:CANN Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 -9.79 9.03
2019-01-31 -8.10 8.12
2018-10-31 -6.43 6.70
2018-07-31 -4.14 6.46
2018-04-30 -2.70 4.86
2018-01-31 -1.68 3.80
2017-10-31 0.04 1.99
2017-07-31 -1.60 1.44
2017-04-30 -1.61 1.56
2017-01-31 -1.06 1.01
2016-10-31 -1.03 0.99
2016-07-31 -1.33 1.40
2016-04-30 -1.13 1.08
2016-01-31 -1.12 0.99
2015-10-31 -1.12 0.99
2015-07-31 -2.28 0.85
2015-04-30 -1.94 0.63
2015-01-31 -1.82 0.59
2014-10-31 -1.87 0.63
2014-07-31 -0.31 0.27
2014-04-30 -0.41 0.36
2014-01-31 -0.54 0.43
2013-10-31 -0.44 0.34
2013-07-31 -1.13 0.31
2013-04-30 -1.02 0.22
2013-01-31 -0.86 0.12
2012-10-31 -0.85 0.12

*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 Heritage Cannabis Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Heritage Cannabis Holdings has efficiently used its assets last year compared to the CA Pharmaceuticals industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Heritage Cannabis Holdings 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 Heritage Cannabis Holdings'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 Pharmaceuticals 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.
Heritage Cannabis Holdings 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.

CANN Health

 How is Heritage Cannabis Holdings'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 Heritage Cannabis Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Heritage Cannabis Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Heritage Cannabis Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Heritage Cannabis Holdings'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 39.1x 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 Heritage Cannabis Holdings Company Filings, last reported 4 months ago.

CNSX:CANN Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 61.74 0.31 10.10
2019-01-31 56.31 0.33 5.52
2018-10-31 11.99 0.00 1.17
2018-07-31 10.45 0.00 0.61
2018-04-30 10.63 0.00 2.08
2018-01-31 9.56 0.00 2.84
2017-10-31 7.68 0.00 1.75
2017-07-31 1.03 0.10 0.48
2017-04-30 0.87 0.00 0.36
2017-01-31 0.32 0.00 0.04
2016-10-31 0.37 0.00 0.09
2016-07-31 0.40 0.00 0.11
2016-04-30 0.14 0.00 0.02
2016-01-31 0.07 0.00 0.00
2015-10-31 0.12 0.00 0.01
2015-07-31 0.07 0.10 0.02
2015-04-30 0.13 0.07 0.02
2015-01-31 0.23 0.00 0.05
2014-10-31 0.01 0.00 0.27
2014-07-31 1.00 0.00 0.04
2014-04-30 1.02 0.00 0.08
2014-01-31 1.06 0.00 0.10
2013-10-31 0.94 0.00 0.00
2013-07-31 1.02 0.00 0.04
2013-04-30 1.02 0.00 0.03
2013-01-31 0.68 0.00 0.00
2012-10-31 0.72 0.00 0.01
  • Heritage Cannabis Holdings's level of debt (0.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Heritage Cannabis Holdings's debt level has increased without past 5-year debt data.
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.

  • Heritage Cannabis Holdings has sufficient cash runway for 1.1 years based on current free cash flow.
  • Heritage Cannabis Holdings has less than a year of cash runway if free cash flow continues to grow at historical rates of 92.3% each year.
X
Financial health checks
We assess Heritage Cannabis Holdings'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. Heritage Cannabis Holdings has a total score of 4/6, 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.

CANN Dividends

 What is Heritage Cannabis Holdings'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 Heritage Cannabis Holdings dividends.
If you bought CA$2,000 of Heritage Cannabis Holdings 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 Heritage Cannabis Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Heritage Cannabis Holdings'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:CANN 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 1 Analyst Estimates (S&P Global) See Below
North America Pharmaceuticals Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

CNSX:CANN Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-10-31
2020-10-31
2019-10-31
2019-09-22

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

  • Unable to perform a dividend volatility check as Heritage Cannabis Holdings has not reported any payouts.
  • Unable to verify if Heritage Cannabis Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Heritage Cannabis Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Heritage Cannabis Holdings 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 Heritage Cannabis Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Heritage Cannabis Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Heritage Cannabis Holdings 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.

CANN Management

 What is the CEO of Heritage Cannabis Holdings'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
Clint Sharples
COMPENSATION CA$49,910
AGE 48
TENURE AS CEO 1 years
CEO Bio

Mr. Clinton B. Sharples, also known as Clint, serves as President of Heritage Cannabis Holdings Corp. and is its Chief Executive Officer since February 08, 2019 and also serves as its Director. Mr. Sharples is a Partner since October 1999 and Principal at First Growth Management Inc. Clint served as the Chairman and interim Chief Executive Officer of Heritage Cannabis Holdings Corpo. until February 08, 2019. He serves as the President and Chief Executive Officer of Modu-Loc Fence Rentals. He is responsible for evaluating and assisting on investment decisions. Mr. Sharples was the Chief Executive Officer of Paramount Pallet, Inc. He served as the President of Paramount Pallet, Inc., from June 2005 to January 2008. Mr. Sharples has held various positions in finance and senior management in the transportation and recycling industries. He served as President for IFCO Systems Canada Inc. since January 2002. Before that, he served as Vice President in various departments at IFCO Systems Canada since 1995. He was with IFCO Systems since February 1994. He had full operating responsibility for the subsidiary. He was the Executive Vice-President of Superior Management Group. Mr. Sharples served as the Chief Financial Officer of CBM Asia Development Corp. from June 2014 to September 2, 2016. He served as a Secretary of Savoy Resources Corp. from April 7, 2004 to July 15, 2004. He has been the Chairman of Umbral Energy Corp. since October 2014. He serves as Chairman of Strategic Aviation Services, US Pressure Test and US Casing Service. He serves as a Director of Paramount Pallet, Inc. Mr. Sharples has been a Director of Umbral Energy Corp. since May 29, 2013 and CBM Asia Development Corp. since April 2006. He sits on various boards including the Canadian Pallet Council, Journey Resources, The Kelowna Food Bank and Modu-Loc Fence Rentals. He served as Chairman of CBM Asia Development Corp. until November 22, 2010. He served as Chairman of Infinity Alliance Ventures Inc. He served as Director of Doca Capital Corp., and Great Northern Gold Exploration Corporation. He served as a Director at Musgrove Minerals Corp. since October 19, 2005. Mr. Sharples served as a Director of Thermal Energy International Inc. from December 15, 2003 to August 20, 2009. He served as a Director of Remstar Resources Ltd. from April 27, 2007 to April 2008 and Infinity Alliance Ventures Inc. since April 2006. Mr. Sharples served as a Director of Savoy Resources Corp. since January 23, 2004. He has a diploma from Angus Business College in Winnipeg.

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

Average tenure and age of the Heritage Cannabis Holdings management team in years:

0.8
Average Tenure
47.5
Average Age
  • The average tenure for the Heritage Cannabis Holdings management team is less than 2 years, this suggests a new team.
Management Team

Jag Bal

TITLE
Consultant
COMPENSATION
CA$172K
AGE
47
TENURE
1 yrs

Clint Sharples

TITLE
President
COMPENSATION
CA$50K
AGE
48
TENURE
1 yrs

Erin Prohaska

TITLE
Chief Financial Officer
TENURE
0.6 yrs

Dan Phaure

TITLE
Chief Operating Officer
AGE
44
TENURE
0.6 yrs

Chris Spooner

TITLE
Chief Science Officer
AGE
49
TENURE
0.9 yrs

Elizabeth Thomas

TITLE
Corporate Secretary
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure of the Heritage Cannabis Holdings board of directors in years:

1.7
Average Tenure
  • The average tenure for the Heritage Cannabis Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Donald J. Ziraldo

TITLE
Non-Executive Chairman
AGE
70
TENURE
0.6 yrs

Clint Sharples

TITLE
President
COMPENSATION
CA$50K
AGE
48
TENURE
6.3 yrs

Céline Arsenault

TITLE
Director
TENURE
0.6 yrs

Michele Cadario

TITLE
Member of Advisory Board
TENURE
1.7 yrs

Bob Simmonds

TITLE
Member of Advisory Board
TENURE
1.7 yrs

Debra Senger

TITLE
Member of Advisory Board & Director
COMPENSATION
CA$114K
TENURE
1.7 yrs

Graeme Staley

TITLE
Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Heritage Cannabis Holdings individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
10. Sep 19 Buy Clinton Sharples Individual 10. Sep 19 10. Sep 19 50,000 CA$0.40 CA$20,000
03. Jun 19 Buy Clinton Sharples Individual 03. Jun 19 03. Jun 19 80,000 CA$0.36 CA$28,800
08. May 19 Buy Erin Prohaska Individual 07. May 19 07. May 19 80,000 CA$0.53 CA$42,400
08. May 19 Buy Donald J. Ziraldo Individual 07. May 19 07. May 19 100,000 CA$0.53 CA$53,000
08. May 19 Buy Daniel Phaure Individual 07. May 19 07. May 19 100,000 CA$0.53 CA$53,000
12. Mar 19 Buy Erin Prohaska Individual 11. Mar 19 11. Mar 19 30,000 CA$0.42 CA$12,600
12. Mar 19 Buy Christopher Spooner Individual 17. Oct 18 17. Oct 18 50,000 CA$0.29 CA$14,685
07. Mar 19 Buy Clinton Sharples Individual 07. Mar 19 07. Mar 19 50,000 CA$0.52 CA$26,000
06. Mar 19 Buy Erin Prohaska Individual 04. Mar 19 04. Mar 19 55,000 CA$0.52 CA$28,600
05. Mar 19 Buy Clinton Sharples Individual 05. Mar 19 05. Mar 19 50,000 CA$0.54 CA$27,000
25. Feb 19 Buy Erin Prohaska Individual 20. Feb 19 20. Feb 19 40,000 CA$0.35 CA$14,000
13. Feb 19 Buy Clinton Sharples Individual 13. Feb 19 13. Feb 19 50,000 CA$0.34 CA$17,000
16. Jan 19 Buy Clinton Sharples Individual 16. Jan 19 16. Jan 19 30,000 CA$0.19 CA$5,550
15. Jan 19 Buy Clinton Sharples Individual 15. Jan 19 15. Jan 19 65,000 CA$0.19 CA$12,350
19. Dec 18 Buy Clinton Sharples Individual 19. Dec 18 19. Dec 18 50,000 CA$0.16 CA$8,000
18. Dec 18 Buy Clinton Sharples Individual 18. Dec 18 18. Dec 18 50,000 CA$0.17 CA$8,250
14. Dec 18 Buy Clinton Sharples Individual 13. Dec 18 13. Dec 18 50,000 CA$0.18 CA$8,750
31. Oct 18 Buy Debra Senger Individual 22. Oct 18 29. Oct 18 350,000 CA$0.25 CA$83,840
29. Oct 18 Sell Debra Senger Individual 15. Oct 18 15. Oct 18 -72,000 CA$0.34 CA$-24,058
29. Oct 18 Buy Clinton Sharples Individual 29. Oct 18 29. Oct 18 100,000 CA$0.23 CA$23,000
28. Oct 18 Sell Debra Senger Individual 15. Oct 18 15. Oct 18 -128,000 CA$0.34 CA$-42,380
19. Oct 18 Buy Clinton Sharples Individual 17. Oct 18 17. Oct 18 200,000 CA$0.28 CA$56,000
22. Oct 18 Buy Clinton Sharples Individual 22. Oct 18 22. Oct 18 100,000 CA$0.25 CA$25,000
25. Sep 18 Buy Clinton Sharples Individual 25. Sep 18 25. Sep 18 95,000 CA$0.27 CA$26,125
X
Management checks
We assess Heritage Cannabis Holdings'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. Heritage Cannabis Holdings 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.

CANN News

Simply Wall St News

Did Heritage Cannabis Holdings Corp. (CNSX:CANN) Insiders Buy Up More Shares?

Check out our latest analysis for Heritage Cannabis Holdings The Last 12 Months Of Insider Transactions At Heritage Cannabis Holdings Member of Advisory Board & Director Debra Senger made the biggest insider purchase in the last 12 months. … CNSX:CANN Recent Insider Trading, August 28th 2019 Heritage Cannabis Holdings Insiders Bought Stock Recently Over the last three months, we've seen a bit of insider buying at Heritage Cannabis Holdings. … Overall we don't see anything to make us think Heritage Cannabis Holdings insiders are doubting the company, and they do own shares.

Simply Wall St -

Does Market Volatility Impact Heritage Cannabis Holdings Corp.'s (CNSX:CANN) Share Price?

See our latest analysis for Heritage Cannabis Holdings What we can learn from CANN's beta value With a beta of 1.06, (which is quite close to 1) the share price of Heritage Cannabis Holdings has historically been about as voltile as the broader market. … If the future looks like the past, we could therefore consider it likely that the stock price will experience share price volatility that is roughly similar to the overall market. … What this means for you: Since Heritage Cannabis Holdings has a beta close to one, it will probably show a positive return when the market is moving up, based on history.

Simply Wall St -

Who Has Been Buying Heritage Cannabis Holdings Corp. (CNSX:CANN) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Heritage Cannabis Holdings Corp. … CNSX:CANN Recent Insider Trading, May 30th 2019 Heritage Cannabis Holdings is not the only stock insiders are buying. … When combined with notable insider ownership, these factors suggest Heritage Cannabis Holdings insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

If You Had Bought Heritage Cannabis Holdings Shares Five Years Ago You'd Have Made 2600%

Heritage Cannabis Holdings didn't have any revenue in the last year, so it's fair to say it doesn't yet have a proven product (or at least not one people are paying for). … Heritage Cannabis Holdings has already given some investors a taste of the sweet gains that high risk investing can generate, if your timing is right. … Heritage Cannabis Holdings had net cash of just CA$462k when it last reported (October 2018).

Simply Wall St -

Should You Worry About Heritage Cannabis Holdings Corp's (CNSX:CANN) CEO Pay?

Jag Bal took the helm as Heritage Cannabis Holdings Corp's (CNSX:CANN) CEO and grew market cap to CA$47.51m recently. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … Check out our latest analysis for Heritage Cannabis Holdings

Simply Wall St -

CANN Company Info

Description

Heritage Cannabis Holdings Corp., through its subsidiary, focuses on becoming a vertically integrated cannabis provider in Canada and internationally. It offers extraction services; and focuses on providing cannabis based medical solutions. The company was formerly known as Umbral Energy Corp. and changed its name to Heritage Cannabis Holdings Corp. in January 2018. Heritage Cannabis Holdings Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Details
Name: Heritage Cannabis Holdings Corp.
CANN
Exchange: CNSX
Founded: 2007
CA$167,140,215
470,817,509
Website: http://www.heritagecann.com
Address: Heritage Cannabis Holdings Corp.
929 Mainland Street,
Vancouver,
British Columbia, V6B 1S3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX CANN Common Shares Canadian National Stock Exchange CA CAD 06. Jan 2010
OTCPK HERT.F Common Shares Pink Sheets LLC US USD 06. Jan 2010
DB 2UE Common Shares Deutsche Boerse AG DE EUR 06. Jan 2010
Number of employees
Current staff
Staff numbers
2
Heritage Cannabis Holdings employees.
Industry
Pharmaceuticals
Pharmaceuticals & Biotech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:26
End of day share price update: 2019/09/20 00:00
Last estimates confirmation: 2019/09/10
Last earnings filing: 2019/06/27
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/10/31


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.