Loading...

We've got a brand new version of Simply Wall St! Try it out

Inner Spirit Holdings

CNSX:ISH
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ISH
CNSX
CA$25M
Market Cap
  1. Home
  2. CA
  3. Retail
Company description

Inner Spirit Holdings Ltd., through its subsidiaries, operates a network of recreational cannabis stores under the Spiritleaf brand. The last earnings update was 77 days ago. More info.


Add to Portfolio Compare Print
  • Inner Spirit Holdings has significant price volatility in the past 3 months.
ISH Share Price and Events
7 Day Returns
-14.3%
CNSX:ISH
-1.2%
CA Specialty Retail
1.6%
CA Market
1 Year Returns
-50%
CNSX:ISH
-23.1%
CA Specialty Retail
5.9%
CA Market
ISH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Inner Spirit Holdings (ISH) -14.3% -17.2% -35.1% -50% - -
CA Specialty Retail -1.2% -3.2% -9% -23.1% -27.6% -39.9%
CA Market 1.6% 2.6% 3% 5.9% 9.4% 9.1%
1 Year Return vs Industry and Market
  • ISH underperformed the Specialty Retail industry which returned -23.1% over the past year.
  • ISH underperformed the Market in Canada which returned 5.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

ISH Value

 Is Inner Spirit 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 Inner Spirit Holdings. This is due to cash flow or dividend data being unavailable. The share price is CA$0.12.
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 Inner Spirit Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Inner Spirit Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:ISH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.07
CNSX:ISH Share Price ** CNSX (2019-11-11) in CAD CA$0.12
Canada Specialty Retail Industry PE Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 12.9x
Canada Market PE Ratio Median Figure of 518 Publicly-Listed Companies 14.76x

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

** Primary Listing of Inner Spirit Holdings.

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

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

= 0.12 ÷ -0.07

-1.63x

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

  • Inner Spirit Holdings is loss making, we can't compare its value to the CA Specialty Retail industry average.
  • Inner Spirit Holdings is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Inner Spirit Holdings's expected growth come at a high price?
Raw Data
CNSX:ISH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Specialty Retail Industry PEG Ratio Median Figure of 49 Publicly-Listed Specialty Retail Companies 2.17x
Canada Market PEG Ratio Median Figure of 236 Publicly-Listed Companies 0.98x

*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 Inner Spirit Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Inner Spirit Holdings's assets?
Raw Data
CNSX:ISH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.04
CNSX:ISH Share Price * CNSX (2019-11-11) in CAD CA$0.12
Canada Specialty Retail Industry PB Ratio Median Figure of 13 Publicly-Listed Specialty Retail Companies 1.31x
Canada Market PB Ratio Median Figure of 2,291 Publicly-Listed Companies 1.28x
CNSX:ISH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.12 ÷ 0.04

2.97x

* Primary Listing of Inner Spirit Holdings.

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

  • Inner Spirit Holdings is overvalued based on assets compared to the CA Specialty Retail industry average.
X
Value checks
We assess Inner Spirit 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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Inner Spirit 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.

ISH Future Performance

 How is Inner Spirit Holdings 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 Inner Spirit 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
27.7%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Inner Spirit Holdings expected to grow at an attractive rate?
  • Unable to compare Inner Spirit Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Inner Spirit Holdings's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Inner Spirit Holdings's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:ISH Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 27.7%
Canada Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:ISH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:ISH Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 7 -8 -13
2019-03-31 6 -6 -12
2018-12-31 6 -6 -12
2018-09-30 6 -4 -5
2018-06-30 6 -2 -5
2018-03-31 5 -2 -3
2017-12-31 3 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Inner Spirit Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Inner Spirit 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:ISH 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 0 Analyst Estimates (S&P Global) See Below

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

CNSX:ISH Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.07
2019-03-31 -0.08
2018-12-31 -0.09
2018-09-30 -0.05
2018-06-30 -0.08
2018-03-31 -0.05
2017-12-31 -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 Inner Spirit Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ISH’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. Inner Spirit 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 Retail companies here
  3. Inner Spirit 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 Inner Spirit 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.
Inner Spirit 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.

ISH Past Performance

  How has Inner Spirit 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 Inner Spirit Holdings's growth in the last year to its industry (Specialty Retail).
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.
  • Inner Spirit Holdings 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 Inner Spirit Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Inner Spirit Holdings's 1-year growth to the CA Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
Inner Spirit 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 Inner Spirit Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:ISH Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 6.59 -13.17 10.27
2019-03-31 6.03 -12.30 8.66
2018-12-31 5.79 -11.69 7.99
2018-09-30 6.22 -5.17 6.71
2018-06-30 5.73 -4.62 5.79
2018-03-31 4.50 -3.01 4.41
2017-12-31 3.49 -1.60 3.08

*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 Inner Spirit 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 Inner Spirit Holdings has efficiently used its assets last year compared to the CA Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Inner Spirit 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 Inner Spirit 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 Specialty Retail 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.
Inner Spirit 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.

ISH Health

 How is Inner Spirit 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 Inner Spirit Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Inner Spirit Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Inner Spirit Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Inner Spirit 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x 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 Inner Spirit Holdings Company Filings, last reported 4 months ago.

CNSX:ISH Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 8.27 8.00 7.90
2019-03-31 5.90 1.96 2.24
2018-12-31 6.62 0.21 4.64
2018-09-30 11.30 0.00 7.14
2018-06-30 5.46 0.00 2.70
2018-03-31 5.92 0.00 2.86
2017-12-31 3.24 1.59 0.95
  • Inner Spirit Holdings's level of debt (96.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Inner Spirit 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.

  • Inner Spirit Holdings has less than a year of cash runway based on current free cash flow.
  • Inner Spirit Holdings has less than a year of cash runway if free cash flow continues to grow at historical rates of 144.1% each year.
X
Financial health checks
We assess Inner Spirit 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. Inner Spirit Holdings 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.

ISH Dividends

 What is Inner Spirit 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 Inner Spirit Holdings dividends.
If you bought CA$2,000 of Inner Spirit 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 Inner Spirit Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Inner Spirit 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:ISH 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 Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
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 Inner Spirit Holdings has not reported any payouts.
  • Unable to verify if Inner Spirit Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Inner Spirit Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Inner Spirit 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 Inner Spirit Holdings'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 Inner Spirit Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Inner Spirit 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.

ISH Management

 What is the CEO of Inner Spirit 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
Darren Bondar
COMPENSATION CA$280,000
AGE 44
TENURE AS CEO 2.7 years
CEO Bio

Mr. Darren Bondar has been the President and Chief Executive Officer at Inner Spirit Holdings Ltd. since March 16, 2017 and has been its Director since August 2017. Mr. Bondar is responsible for the overall direction and business development. He served as Chief Executive Officer at WATCH IT! Inc. He served as Chief Executive Officer of ISH PrivateCo. since March 16, 2017. Mr. Bondar also served as the President and Chief Executive Officer of Comfortable Image Inc. since 1999. He grew up working alongside his grandfather on the sales floor while he developed his entrepreneurial skills, as his family was in the furniture business for over 60 years. He has over 15 years of experience in the retail industry from WATCH IT! and personal business skills. His passion for the industry and pride in his business has led him to solidify WATCH IT! as the destination for a pair of quality and fashionable sunglasses and watches in the country. He was also selected to the 2010 Class of Avenue Edmonton magazine’s 'Top 40 Under 40' awards. He earned his Bachelor of Arts Degree at the University of Western Ontario and an MBA at the University of Alberta.

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

Average tenure of the Inner Spirit Holdings management team in years:

2.3
Average Tenure
  • The tenure for the Inner Spirit Holdings management team is about average.
Management Team

Darren Bondar

TITLE
President
COMPENSATION
CA$280K
AGE
44
TENURE
2.7 yrs

Chris Gulka

TITLE
CFO & Director
COMPENSATION
CA$80K
AGE
49
TENURE
2.3 yrs

Christine Kitz

TITLE
Operations Manager

Christine Smith

TITLE
Manager of Marketing & Communications

Debbie Jager

TITLE
Human Resources Manager

Nami Seyfollahy

TITLE
Controller

Jeremy Lee

TITLE
Controller

Michael Ginevsky

TITLE
Corporate Secretary
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Inner Spirit Holdings board of directors in years:

2.3
Average Tenure
47.5
Average Age
  • The average tenure for the Inner Spirit Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Darren Bondar

TITLE
President
COMPENSATION
CA$280K
AGE
44
TENURE
2.3 yrs

Chris Gulka

TITLE
CFO & Director
COMPENSATION
CA$80K
AGE
49
TENURE
2.3 yrs

Jeff Tung

TITLE
Independent Director
AGE
33
TENURE
1.8 yrs

Craig Steinberg

TITLE
Director
COMPENSATION
CA$4K
AGE
46
TENURE
2.3 yrs

Larry Wosk

TITLE
Independent Director
AGE
73
TENURE
2.3 yrs

David Margolus

TITLE
Independent Director
AGE
69
TENURE
2.3 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$) Value (CA$)
27. Jun 19 Buy Working Capital Corporation,Asset Management Arm Company 25. Jun 19 25. Jun 19 125,000 CA$0.20 CA$25,000
16. Apr 19 Sell Darren Bondar Individual 12. Apr 19 12. Apr 19 -235,000 CA$0.20 CA$-47,705
12. Apr 19 Sell Christopher Gulka Individual 09. Apr 19 11. Apr 19 -392,833 CA$0.24 CA$-90,193
21. Dec 18 Sell Darren Bondar Individual 17. Dec 18 17. Dec 18 -379,000 CA$0.17 CA$-64,430
21. Dec 18 Sell Christopher Gulka Individual 18. Dec 18 18. Dec 18 -431,833 CA$0.15 CA$-64,775
X
Management checks
We assess Inner Spirit 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. Inner Spirit 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.

ISH News

Simply Wall St News

Need To Know: Inner Spirit Holdings Ltd. (CNSX:ISH) Insiders Have Been Selling Shares

So we'll take a look at whether insiders have been buying or selling shares in Inner Spirit Holdings Ltd. … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Inner Spirit Holdings The Last 12 Months Of Insider Transactions At Inner Spirit Holdings In the last twelve months, the biggest single sale by an insider was when the CFO & Director, Christopher Gulka, sold CA$90k worth of shares at a price of CA$0.24 per share. … CNSX:ISH Recent Insider Trading, August 30th 2019 Insider Ownership of Inner Spirit Holdings Many investors like to check how much of a company is owned by insiders.

Simply Wall St -

What Kind Of Investor Owns Most Of Inner Spirit Holdings Ltd. (CNSX:ISH)?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Inner Spirit Holdings is a smaller company with a market capitalization of CA$39m, so it may still be flying under the radar of many institutional investors. … Insider Ownership Of Inner Spirit Holdings The definition of company insiders can be subjective, and does vary between jurisdictions. … General Public Ownership The general public, who are mostly retail investors, collectively hold 79% of Inner Spirit Holdings shares.

Simply Wall St -

ISH Company Info

Description

Inner Spirit Holdings Ltd., through its subsidiaries, operates a network of recreational cannabis stores under the Spiritleaf brand. It sells cannabis and accessories through its stores, as well as operates franchise cannabis dispensary. The company also markets, sells, and distributes watches, sunglasses, and related accessories, as well as provides watch repair services. As of November 5, 2019, it operated 37 Spiritleaf stores and two e-commerce sites. The company was incorporated in 2017 and is headquartered in Calgary, Canada.

Details
Name: Inner Spirit Holdings Ltd.
ISH
Exchange: CNSX
Founded: 2017
CA$24,748,355
206,236,295
Website: http://www.innerspiritholdings.com
Address: Inner Spirit Holdings Ltd.
5740 - 2nd Street SW,
Suite 102,
Calgary,
Alberta, T2H 1Y6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX ISH Common Shares Canadian National Stock Exchange CA CAD 01. Aug 2018
OTCPK INSH.F Common Shares Pink Sheets LLC US USD 01. Aug 2018
Number of employees
Current staff
Staff numbers
77
Inner Spirit Holdings employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 00:46
End of day share price update: 2019/11/11 00:00
Last earnings filing: 2019/08/27
Last earnings reported: 2019/06/30
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.