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Cann American

CNNA
29
Drug Manufacturers - Specialty & Generic · Healthcare
Price
$0.01
-0.00 (-9.09%)
Market Cap
$4.4M
Exchange
Other OTC
Winston Score
29
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 13, 2026 · filings through Aug 31, 2020

Share count falling — buybacks

65.5% over 5y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 898K (2018) → 310K (2023)

Cann American Corp. is a small healthcare company operating in the specialty and generic drug manufacturing space, with a focus on cannabis-derived and cannabinoid-based products. The company targets medical and wellness markets, developing formulations that use plant-based compounds for therapeutic purposes. It sits within the broader legal cannabis and pharmaceutical crossover industry, which remains highly regulated and fragmented.

The company generates revenue through product sales, though its near-zero gross and operating margins suggest it is in an early or pre-revenue stage with significant costs relative to income. It appears to operate primarily in North America, and with a market cap effectively at zero, it is a micro-cap or shell-stage company with very limited financial scale. The main risk facing Cann American is its ability to survive as a going concern — companies at this stage frequently struggle to raise capital, achieve regulatory approvals, and reach profitability before running out of cash.

Winston Score History

Score breakdown

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Quality

Gross Margin
100.0%
Premium pricing power — 100.0% gross margin
Operating Margin
-7986.6%
Losing money on operations — -7986.6%
ROCE
-144.5%
Weak — -144.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-64.9%
Shrinking sales (-64.9% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-3103.6%
Burning cash (-3103.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
0.5x
Attractive valuation — P/E 0.5

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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