Company Valuation: Avicanna Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 49.1 35.79 30.73 31.74 33.62 26.56
Change - -27.12% -14.14% 3.27% 5.92% -20.99%
Enterprise Value (EV) 1 48.53 37.42 32.75 33.06 33.28 26.28
Change - -22.88% -12.49% 0.97% 0.65% -21.03%
P/E -1.17x -1.92x -1.65x -3.39x -8.43x -9.36x
PBR 7.81x 31.2x -80.1x -282x 14.5x 9.34x
PEG - 0x 0x 0.1x 0.1x 0.3x
Capitalization / Revenue 31.3x 10.9x 7.59x 1.89x 1.32x 1.04x
EV / Revenue 30.9x 11.4x 8.09x 1.97x 1.31x 1.03x
EV / EBITDA -2.77x -3.45x -3.34x -4.2x -8.04x -11.7x
EV / EBIT -2.66x -3.28x -3.15x -3.95x -7.11x -9.44x
EV / FCF -6.9x -4x -4.97x -8.46x -18.1x -47.4x
FCF Yield -14.5% -25% -20.1% -11.8% -5.51% -2.11%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -1.118 -0.4063 -0.249 -0.1032 -0.0362 -0.0241
Distribution rate - - - - - -
Net sales 1 1.57 3.269 4.048 16.79 25.46 25.48
EBITDA 1 -17.49 -10.85 -9.812 -7.871 -4.138 -2.243
EBIT 1 -18.27 -11.41 -10.41 -8.38 -4.68 -2.782
Net income 1 -32.86 -16.77 -14.74 -8.743 -3.618 -2.759
Net Debt 1 -0.5788 1.631 2.016 1.326 -0.3388 -0.2806
Reference price 2 1.3100 0.7800 0.4100 0.3500 0.3050 0.2250
Nbr of stocks (in thousands) 37,485 45,884 74,953 90,677 110,215 118,042
Announcement Date 9/3/21 3/31/22 3/31/23 4/2/24 4/11/25 4/1/26
1CAD in Million2CAD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.38x6.18x19.12x0.93% 50.73B
-23.4x342.07x-22.1x-.--% 39.73B
25.29x2.8x12.09x-.--% 34.69B
45.73x4.51x28.9x-.--% 33.21B
27.05x7.93x19.91x0.42% 26.76B
31.75x5.12x23.32x-.--% 15.37B
23.95x2.04x8.96x1.12% 13.78B
23.74x1.89x11.45x-.--% 12.85B
Average 23.69x 46.57x 12.71x 0.31% 28.39B
Weighted average by Cap. 22.49x 63.82x 11.59x 0.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA