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The Cannabist Company Valuation Multiples

Discover revenue and EBITDA valuation multiples for The Cannabist Company and similar public comparables like Cresco Labs, Ayr Wellness, and Ascend Wellness Holdings.

The Cannabist Company Overview

About The Cannabist Company

Cannabist Company Holdings Inc through its subsidiaries, operates as a cultivator, manufacturer, and provider of medical and adult-use cannabis products. Some of its products are vaporization oil, sublingual tinctures, lotions, hard-pressed tablets, and suppositories, among others which are marketed through brands like Classix, dreamt, Triple Seven, Amber, Press, Heady, and Seed and Strain. The company operates its businesses in California, Colorado, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, Virginia, and West Virginia.


Founded

2018

HQ

Canada
Employees

1.6K+

Financials

LTM Revenue $619M

LTM EBITDA $70.8M

EV

$450M

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The Cannabist Company Financials

The Cannabist Company has a last 12-month revenue of $619M and a last 12-month EBITDA of $70.8M.

In the most recent fiscal year, The Cannabist Company achieved revenue of $321M and an EBITDA of $20.0M.

The Cannabist Company expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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The Cannabist Company P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $358M $321M XXX XXX XXX
Gross Profit $141M $126M XXX XXX XXX
Gross Margin 39% 39% XXX XXX XXX
EBITDA -$35.9M $20.0M XXX XXX XXX
EBITDA Margin -10% 6% XXX XXX XXX
Net Profit -$291M -$123M XXX XXX XXX
Net Margin -81% -38% XXX XXX XXX
Net Debt $196M $187M XXX XXX XXX

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The Cannabist Company Stock Performance

As of April 15, 2025, The Cannabist Company's stock price is CAD 0 (or $0).

The Cannabist Company has current market cap of CAD 26.0M (or $18.2M), and EV of CAD 643M (or $450M).

See The Cannabist Company trading valuation data

The Cannabist Company Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$450M $18.2M XXX XXX XXX XXX $-0.34

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The Cannabist Company Valuation Multiples

As of April 15, 2025, The Cannabist Company has market cap of $18.2M and EV of $450M.

The Cannabist Company's trades at 1.0x LTM EV/Revenue multiple, and 9.1x LTM EBITDA.

Analysts estimate The Cannabist Company's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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The Cannabist Company Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $450M XXX XXX XXX
EV/Revenue 1.4x XXX XXX XXX
EV/EBITDA 22.5x XXX XXX XXX
P/E -0.2x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -22.0x XXX XXX XXX

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The Cannabist Company Valuation Multiples

The Cannabist Company's NTM/LTM revenue growth is -15%

The Cannabist Company's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, The Cannabist Company's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate The Cannabist Company's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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The Cannabist Company Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -10% XXX XXX XXX XXX
EBITDA Margin 6% XXX XXX XXX XXX
EBITDA Growth -156% XXX XXX XXX XXX
Rule of 40 (SaaS-only) -9% XXX XXX XXX XXX
Revenue per Employee $0.2M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue 1% XXX XXX XXX XXX
G&A Expenses to Revenue 35% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 41% XXX XXX XXX XXX

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The Cannabist Company Public Comps

See public comps and valuation multiples for Cannabis comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Live Verdure XXX XXX XXX XXX XXX XXX
Ascend Wellness Holdings XXX XXX XXX XXX XXX XXX
Ayr Wellness XXX XXX XXX XXX XXX XXX
Cresco Labs XXX XXX XXX XXX XXX XXX
Grown Rogue XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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The Cannabist Company M&A and Investment Activity

The Cannabist Company acquired  XXX companies to date.

Last acquisition by The Cannabist Company was  XXXXXXXX, XXXXX XXXXX XXXXXX . The Cannabist Company acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by The Cannabist Company

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About The Cannabist Company

When was The Cannabist Company founded? The Cannabist Company was founded in 2018.
Where is The Cannabist Company headquartered? The Cannabist Company is headquartered in Canada.
How many employees does The Cannabist Company have? As of today, The Cannabist Company has 1.6K+ employees.
Is The Cannabist Company publicy listed? Yes, The Cannabist Company is a public company listed on NEOE.
What is the stock symbol of The Cannabist Company? The Cannabist Company trades under CBST ticker.
When did The Cannabist Company go public? The Cannabist Company went public in 2019.
Who are competitors of The Cannabist Company? Similar companies to The Cannabist Company include e.g. Live Verdure, Ascend Wellness Holdings, Ayr Wellness, Cresco Labs.
What is the current market cap of The Cannabist Company? The Cannabist Company's current market cap is $18.2M
What is the current revenue of The Cannabist Company? The Cannabist Company's last 12-month revenue is $619M.
What is the current EBITDA of The Cannabist Company? The Cannabist Company's last 12-month EBITDA is $70.8M.
What is the current EV/Revenue multiple of The Cannabist Company? Current revenue multiple of The Cannabist Company is 1.0x.
What is the current EV/EBITDA multiple of The Cannabist Company? Current EBITDA multiple of The Cannabist Company is 9.1x.
What is the current revenue growth of The Cannabist Company? The Cannabist Company revenue growth between 2023 and 2024 was -10%.
Is The Cannabist Company profitable? Yes, The Cannabist Company is EBITDA-positive (as of the last 12 months).

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