TransCanna Holdings

TCNAF

Drug Manufacturers - Specialty & Generic · Healthcare

Price

$0.00

+0.00 (+0.00%)

Market Cap

$11,974

Exchange

Other OTC

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Aug 31, 2022

How the score breaks down

Quality

Weak

Growth

Good

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Share count rising — dilution

+239.4% over 4y

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

Diluted shares outstanding: 16.6M (2017) → 56.4M (2021)

Winston Score History

The full picture

TransCanna Holdings Inc. is a small Canadian company that operates in the cannabis industry in California. It focuses on cannabis branding, distribution, and manufacturing, helping cannabis brands get their products to licensed dispensaries across the state. The company works within California's legal cannabis market, which is one of the largest in the world but also one of the most competitive and heavily regulated.

TransCanna makes money by distributing cannabis products and providing services to cannabis brands, earning revenue on each transaction or through service agreements. It operates entirely within California and is a very small company, with a market cap near zero and no meaningful financial scale. The company's financials show deeply negative margins, meaning it spends far more than it earns, which is a serious concern. The biggest risk it faces is simply surviving — California's cannabis market is crowded, taxes are high, and many small operators have struggled to stay afloat.

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

-29.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-396.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

C$0/ year

0.0% of revenue

Below sector average (18%)

Research and development spending

Insider Activity

5.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~9 months

C$8M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

TransCanna Holdings has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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

-36.6%

Thin — -36.6% gross margin

Profit after running costs

Operating Margin

-274.1%

Losing money on operations — -274.1%

Return on the money invested

ROCE

-36.5%

Weak — -36.5% return on capital

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

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Growth

Sales growth

Sales YoY

+93.0%

Fast-growing sales (+93.0% YoY)

Profit growth

EPS YoY

N/A

Data not available

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

N/A

Data not available

Spare cash per sale

FCF Margin

-139.8%

Burning cash (-139.8%)

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

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Stability

What it owes vs what it owns

Debt / Equity

12.73

Heavy debt load (12.73)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

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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