Cannara Biotech Inc.

Cannara Biotech Inc.verified

LOVFF

Price:

$0.4842

Market Cap:

$59.43M

Cannara Biotech Inc., together with its subsidiaries, engages in the indoor cultivation, processing, and sale of cannabis and cannabis-derivated products in Canada. It also offers hemp-based CBD products through e-commerce platform. The company was incorporated in 2017 and is headquartered in Saint-Laurent, Canada.[Read more]

Industry

Drug Manufacturers - Specialty & Generic

IPO Date

2019-01-18

Stock Exchange

PNK

Ticker

LOVFF

The Current Ratio as of September 2024 (TTM) for Cannara Biotech Inc. (LOVFF) is 2.32

According to Cannara Biotech Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.32. This represents a change of 14.44% compared to the average of 2.02 of the last 4 quarters.

Cannara Biotech Inc. (LOVFF) Historical Current Ratio (quarterly & annually)

How has LOVFF Current Ratio performed in the past?

The mean historical Current Ratio of Cannara Biotech Inc. over the last ten years is 4.80. The current 2.32 Current Ratio has changed 4.73% with respect to the historical average. Over the past ten years (40 quarters), LOVFF's Current Ratio was at its highest in in the May 2019 quarter at 7.70. The Current Ratio was at its lowest in in the February 2024 quarter at 0.97.

Quarterly (TTM)
Annual

Average

4.80

Median

3.24

Minimum

2.44

Maximum

11.59

Cannara Biotech Inc. (LOVFF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Cannara Biotech Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 22.70%

Maximum Annual Current Ratio = 11.59

Minimum Annual Increase = -52.82%

Minimum Annual Current Ratio = 2.44

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.44-29.38%
20223.4622.70%
20212.82-7.00%
20203.03-44.60%
20195.47-52.82%

Cannara Biotech Inc. (LOVFF) Average Current Ratio

How has LOVFF Current Ratio performed in the past?

The current Current Ratio of Cannara Biotech Inc. (LOVFF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.90

5-year avg

3.44

10-year avg

4.80

Cannara Biotech Inc. (LOVFF) Current Ratio vs. Peers

How is LOVFF’s Current Ratio compared to its peers?

Cannara Biotech Inc.’s Current Ratio is greater than Craftport Cannabis Corp. (0.03), greater than Speakeasy Cannabis Club Ltd. (1.40), greater than City View Green Holdings Inc. (0.01), greater than BC Craft Supply Co. Ltd. (0.02), greater than RavenQuest BioMed Inc. (1.14), less than RAMM Pharma Corp. (0), greater than Pure Harvest Corporate Group, Inc. (0.00),

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Frequently asked questions❓

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