ManifestSeven Holdings Corporation (MNFSF) Stock Analysis & Winston Score

ManifestSeven Holdings Corporation is a cannabis distribution and logistics company based in California. It operates a licensed distribution network that moves cannabis products — like flower, edibles, and concentrates — from growers and manufacturers to licensed dispensaries. The company essentially acts as a middleman in the legal cannabis supply chain, serving cannabis brands and retailers across California.

The company earns revenue by charging fees for distributing, storing, and delivering cannabis products, rather than growing or selling cannabis directly to consumers. It operates almost entirely within California, one of the largest legal cannabis markets in the world, but also one of the most competitive and heavily taxed. Despite a reasonable gross margin near 31%, the company is deeply unprofitable at the operating level, which signals high overhead costs relative to its current revenue scale. The biggest risk the business faces is California's struggling legal cannabis market, where high taxes and strong illicit competition continue to pressure licensed operators and make profitability difficult to achieve.

Winston Score History

Growth Profile

For growth stock investors

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

Revenue Growth

-11.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+94.8% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

16.2%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$602,486 cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

ManifestSeven Holdings Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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

Every number that matters to educated investors.

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Quality

Gross Margin

-12.1%

Thin — -12.1% gross margin

Operating Margin

-27.3%

Losing money on operations — -27.3%

ROCE

-14.0%

Weak — -14.0% return on capital

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

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Growth

Sales YoY

-9.7%

Shrinking sales (-9.7% 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

-55.5%

Burning cash (-55.5%)

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)

N/M

no trend

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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