Statehouse Holdings Inc C.STHZ

Alternate Symbol(s): STHZF

Healthcare

StateHouse Holdings Inc. is a vertically integrated omni-channel cannabis company. The Company’s business consists of retail sales, including direct to consumer and delivery, cannabis processing, extraction and product manufacturing, including white label production of cannabis products for other cannabis companies, and wholesale sales, including the sale of cannabis flower and trim into the wholesale market. The Company operates approximately 14 dispensaries covering Northern and Southern California and one in Oregon, distribution facilities in San Jose and Los Angeles, California and integrated cultivation/production facilities in Salinas and Greenfield, California. It offers a range of cannabis brands, including Fuzzies, Loudpack, King Pen, King Roll, Dimebag, Harborside, Harborside Farms, KEY, Terpene Station, Sublime, and Urbn Leaf. In addition, the Company also licenses the Smokiez brand in California.

CSE:STHZ - Post by User

Statehouse Holdings Inc > Can this stock go to $0.10?

<< Previous

Bullboard Posts

Next >>

Comment by UncleJack7on Oct 03, 2022 1:28pm

109 Views

Post# 35001947

RE:RE:RE:Can this stock go to $0.10?

I took a look at their last financial statement.

Debt ratio: Liabilities / Assets = 73% - good for the industry is 30%

Loss ratio: Net loss / revenue = 39% - good for industry is 10% or under

Maybe the balance sheet needs cleaning, according to the above they are far off net profitability with high debt?

Thoughts from those who know if the above will be improving with recent merger??

<< Previous

Bullboard Posts

Next >>

The top TSX healthcare stocks under $1