The company is focused on expanding its operations through organic growth and by way of merger and acquisition transactions. 1CM operates retail locations across British Columbia, Saskatchewan, and Ontario with brands including Cost Cannabis and Costcan Liquor. The technology platform positions the company as both a retailer and B2B enabler in the Canadian cannabis ecosystem, though financial performance remains challenged with low profitability metrics and declining share price momentum.
Cyborg Score Rationale
1CM underperformed the Canadian Pharmaceuticals industry which returned -5.5% and the Canadian Market which returned 20.4% over the past year. The stock trades significantly below fair value estimates with minimal analyst coverage and volatile performance. Limited scale, operational challenges, and narrow margins constrain growth prospects.
Top Insights
Market cap of approximately CAD 16.5 million as of April 2026, indicating a micro-cap company with limited liquidity and scale
EBITDA of CAD 2.78 million with a 4.00% EBITDA margin, showing thin operational efficiency
Dual revenue model combining physical retail locations with B2B technology platform (One Cannabis Market), though execution visibility unclear
Recent international expansion via collaboration with Herbidus Formulations in India and store openings in multiple provinces with new CFO appointment
Named Competitors
SNDL — Multi-state cannabis retailer and producer
Cannabis Retail — Regional cannabis retail chains in Canada
One Cannabis Market — B2B/B2C cannabis technology platform
Recent Developments
(April 2026) Stock trading near year-low at CAD 0.145, down from CAD 0.250 close the previous trading session
(Recent) Collaboration agreement announced with Herbidus Formulations Pvt Ltd for cannabis operations in India
(Recent) New CFO appointment (Harshil Chovatiya) and approval for retail locations in BC, Saskatchewan, and Ontario
(2022) Rebranded from Leviathan Natural Products Inc. to 1CM Inc. in September 2022
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