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INDVR Brands

CAAOF
32
Drug Manufacturers - Specialty & Generic · Healthcare
Price
$0.00
+0.00 (+0.00%)
Market Cap
$3,025
Exchange
Other OTC
Winston Score
32
Winston is serious
Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+1269.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 7.3M (2017) → 99.9M (2021)

INDVR Brands Inc. is a small Canadian cannabis and wellness company that develops branded consumer products. Its focus is on cannabis-derived and hemp-based goods, including items aimed at everyday consumers looking for health and wellness alternatives. The company operates in the specialty pharmaceutical and consumer wellness space, competing alongside both licensed cannabis producers and over-the-counter wellness brands.

INDVR generates revenue primarily through product sales, though its 95% gross margin suggests a largely asset-light or licensing-oriented model. The company is very small, with a market cap that rounds to essentially zero, and it operates mainly in Canada with limited geographic reach. Its deeply negative operating margin signals that expenses far exceed revenue at this stage, meaning the central risk is whether the company can scale sales fast enough to reach profitability before it runs out of cash.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

YoY Growth Rate

EPS data limited

R&D Spend

$0/ year

0.0% of revenue

Below sector average (18%)

Research and development spending

Insider Activity

66.3%ownership

Insiders own a meaningful stake in the company

Cash Runway

~16 months

$3M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Adequate runway but may need to raise capital within 2 years

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
238.7%
Premium pricing power — 238.7% gross margin
Operating Margin
-1680.3%
Losing money on operations — -1680.3%
ROCE
-84.8%
Weak — -84.8% return on capital

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

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Growth

Sales YoY
+22.0%
Fast-growing sales (22.0% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-32.9%
Burning cash (-32.9%)

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

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Stability

Debt / Equity
0.57
Conservative — low debt load (0.57)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
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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