WinstonWınston
Stock

CannLabs

CANL
65
Specialty Business Services · Industrials
Price
$0.00
+0.00 (+0.00%)
Market Cap
$93,317
Exchange
Other OTC
Winston Score
65
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 23, 2026 · filings through Dec 31, 2022

§How the score breaks down

Quality
Strong
Growth
Good
Cash Flow
Strong
Stability
Good
Valuation
Good

Share count rising — dilution

+1248.1% over 4y

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

Diluted shares outstanding: 60.3M (2018) → 813.2M (2022)

§Winston Score History

The full picture

CannLabs, Inc. provides cannabis testing laboratory services in the United States. Its testing services include potency testing, residual solvent analysis, microbiological testing, pesticide testing, heavy metals testing, nutrient analysis, terpenes analysis, shelf-life/stability studies, gene expression testing, and genotyping/phenotyping testing. The company also offers data/analytics and consulting, as well as education services. CannLabs, Inc. was incorporated in 2010 and is based in Denver, Colorado.

Growth Profile

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

Revenue Growth

+117.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+300.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Position

Cash flow positive

$651,026 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

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

Revenue accelerating

CannLabs grew revenue 118% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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

Profit per sale
Gross Margin
52.1%
Healthy — 52.1% gross margin
Profit after running costs
Operating Margin
29.6%
Excellent — 29.6% operating margin
Return on the money invested
ROCE
36.3%
Exceptional — 36.3% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+38.0%
Fast-growing sales (+38.0% YoY)
Profit growth
EPS YoY
-28.6%
Earnings shrinking (-28.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
89%
Modest — 89% of profit becomes cash
Spare cash per sale
FCF Margin
17.6%
Converts sales into free cash efficiently (17.6%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
4.87
Heavy debt load (4.87)
Covers its interest
Interest Cover
284.58x
Comfortably covers interest (284.6x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
0.1x
Attractive valuation — P/E 0.1

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

Cheaper or dearer next year
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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