Cannabis Wheaton Income (OTCMKTS:CBWTF) Stock Jumps 2.6% – Here’s Why

Cannabis Wheaton Income Corp. (OTCMKTS:CBWTF)’s share price rose 2.6% during trading on Thursday. The company traded as high as $2.44 and last traded at $2.37. 33,349 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 31,705 shares. The stock had previously closed at $2.31.

Cannabis Wheaton Income Stock Up 2.6%

The firm has a market capitalization of $244.84 million, a price-to-earnings ratio of 12.47 and a beta of 1.38. The company has a current ratio of 2.23, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average price of $1.89 and a two-hundred day moving average price of $0.74.

Cannabis Wheaton Income (OTCMKTS:CBWTF) last issued its earnings results on Thursday, August 13th. The company reported $0.05 earnings per share (EPS) for the quarter. Cannabis Wheaton Income had a return on equity of 18.36% and a net margin of 19.74%.

Cannabis Wheaton Income Company Profile

Cannabis Wheaton Income Corp. was a Canadian cannabis company that developed a partnership and financing platform for licensed cannabis producers. Rather than focusing solely on owning cultivation facilities, the company provided capital, expertise and other resources to cannabis operators in exchange for interests in their future production and related revenues.

The company supported activities across the cannabis supply chain, including cultivation, processing and product development.