Canadian Cannabis Companies Could See Valuations Soar By Up To 300% With Tax Reform, New Report Shows
Canadian Cannabis Companies Could See Valuations Soar By Up To 300% With Tax Reform, New Report Shows
According to a recent official report, the Canadian government is considering revising the excise tax framework established in 2018 for the cannabis industry.
根据最近的一份官方报告,加拿大政府正在考虑修改2018年为大麻行业建立的消费税框架。
Originally designed to collect taxes amounting to approximately 10% of the industry's gross revenues, the reality has been that companies are burdened with tax rates between 30-40% of their gross domestic revenues due to fixed C$ tax rates at lower price points.
最初旨在征收相当于该行业总收入约10%的税款,但现实情况是,由于以较低的价格实行固定加元税率,公司的税率介于其国内总收入的30-40%之间。
Senior analyst Pablo Zuanic's latest equity research report delves into the significant impacts potential excise tax changes could have on the Canadian cannabis industry.
高级分析师巴勃罗·祖安尼奇的最新股票研究报告深入探讨了潜在的消费税变化可能对加拿大大麻行业产生的重大影响。
Zuanic will also delve into how new regulations affect stock valuations and market growth at the Benzinga Cannabis Capital Conference on April 16-17. Benzinga readers, grab your tickets now before prices go up!
Zuanic还将在4月16日至17日的Benzinga大麻资本会议上深入探讨新法规如何影响股票估值和市场增长。Benzinga 的读者,在价格上涨之前立即抢购门票!
Financial Implications And Sector Catalysts
财务影响和行业催化剂
This tax adjustment harbors the potential to significantly benefit stakeholders across the board, including consumers, retailers, distributors, and notably the producers themselves.
这种税收调整有可能使包括消费者、零售商、分销商在内的各利益相关者受益,尤其是生产者本身。
For example, companies such as Ayurcann (OTC:AYURF), Decibel (OTC:DBCCF), and Village Farms (NASDAQ:VFF) face the highest excise tax ratios relative to their domestic gross recreational sales.
例如,相对于国内娱乐销售总额,阿育肯(场外交易代码:AYURF)、Decibel(场外交易代码:DBCCF)和乡村农场(纳斯达克股票代码:VFF)等公司面临的消费税比率最高。
Zuanic's analysis postulates that reverting to a 10% tax rate could dramatically alleviate these financial strains, potentially increasing valuation upsides for some LPs beyond their existing market caps, assuming a conservative retention of just a third of the gross benefits.
Zuanic的分析假设,恢复到10%的税率可以显著缓解这些财务压力,假设保守地保留总收益的三分之一,这可能会增加某些有限合伙企业在现有市值之外的估值上行空间。
Despite these optimistic projections, the report acknowledges the government's potential hesitation to reduce its revenue streams, especially considering that excise duties on cannabis for FY23 outpaced those from beer and wine, totaling C$895 million or $658,814,870.
尽管有这些乐观的预测,但该报告承认政府在减少收入来源方面可能犹豫不决,特别是考虑到23财年的大麻消费税超过了啤酒和葡萄酒的消费税,总额为8.95亿加元或658,814,870美元。
Calculating The Upside
计算上行空间
Analyzing the specifics, Zuanic offers a granular view of the impact a 10% excise tax rate could have on the Canadian cannabis industry.
在分析具体情况时,Zuanic详细介绍了10%的消费税税率可能对加拿大大麻行业产生的影响。
Taking Village Farms as a case study, the shift could trim its excise tax bill from C$29.2 million to just C$7.5 million annually, translating to a staggering net benefit.
以乡村农场为案例研究,这种转变可能会将其消费税账单从每年的2920万加元削减至仅750万加元,转化为惊人的净收益。
However, the dispersion of these savings among LPs, consumers and retailers remains a point of strategic deliberation.
但是,将这些储蓄分散在有限合伙人、消费者和零售商之间仍然是战略考虑的重点。
Even with a conservative estimate where only 33% of the tax savings flow into LPs' EBITDA, the potential for valuation upside is immense.
即使根据保守的估计,只有33%的税收储蓄流入有限责任公司的息税折旧摊销前利润,估值上升的潜力仍然巨大。
For instance, Village Farms could see nearly a 100% increase. Decibel and Auxly (OTC:CBWTF) might enjoy around a 200% jump and BZAM and Ayurcann could potentially see upwards of 300% valuation growth.
例如,乡村农场可能会增加近100%。Decibel和Auxly(场外交易代码:CBWTF)可能会上涨约200%,而BZAM和Ayurcann的估值可能会增长300%以上。
Learn more about these essential issues at the upcoming Benzinga Cannabis Capital Conference in Florida on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn, and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world. Get your tickets now on bzcannabis.com – Prices will increase very soon!
在即将于2024年4月16日和17日在佛罗里达州举行的本辛加大麻资本会议上了解有关这些基本问题的更多信息。在外交官海滩度假村举行的为期两天的活动将为大小企业家提供交流、学习和成长的机会。这次会议以其引领潮流的能力和对大麻未来的影响而闻名,记住你的日历——这是大麻界年度必去的活动。立即在bzcannabis.com上购买门票——价格很快就会上涨!
AI-generated image
人工智能生成的图像