2025 Q3 -tulosraportti
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Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2025 Q4 -tulosraportti 26.2. | 5 päivää |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q3 -tulosraportti 22.10.2025 | ||
2025 Q2 -tulosraportti 21.8.2025 | ||
2025 Q1 -tulosraportti 8.5.2025 | ||
2024 Q4 -tulosraportti 27.2.2025 | ||
2024 Q3 -tulosraportti 29.11.2024 |
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·1 päivä sittenIt would be interesting to see how much business these new partnerships around the world actually generate. It must be relatively limited, because when one compares their Danish/national sales with the total, the difference seems minimal. That said, one should perhaps be aware that such news (about new markets etc.) only has value when proven in practice. There is a risk that it will be a waste of time and resources for the company, rather than focusing on what actually generates business - i.e., the Danish market, where they stand strong, especially after the CannGros acquisition. If it were up to me, the company would position itself more exclusively here and work purposefully towards becoming a (continued) leading player in the Nordics. With a strong local foothold and a clear focus, it could in the long term make the company a well-positioned M&A object for larger players who want access to the market - a market that is still relatively unexplored for many of the major players, primarily due to a lack of volume today, but which will most likely grow over time. Just my take.
·1 päivä sittenIn my opinion, they are in the process of positioning themselves solidly in the EU generally, and with their Astrum IP, they already have a reason to be acquired by larger players, but seeking out other countries than DK, such as Germany and France, makes super good sense as there are more potential patients in those countries than there are citizens in DK.- ·2 päivää sitten · MuokattuThis post is about Cantourage Group SE, which is the leading German player in the medical cannabis market in Germany/Europe – and the coverage I continuously provide on the company. The background is the recently announced transaction where Organigram Global Inc. acquires Sanity Group GmbH. The headline speaks for itself: ”Organigram to acquire Sanity Group for up-front consideration of €113.4 million plus a maximum earnout of up to €113.8 million tied to financial performance.” The press release can be read here: https://www.organigram.ca/_files/ugd/dad9ab_8cd368c0bdf540ef98a6f62780e15a38.pdf?utm_medium=social&utm_campaign=sanity The transaction involves an upfront payment of €113.4 million and a possible earnout of an additional €113.8 million, bringing the total potential payment to approximately €227 million. In the official valuation table, it appears that the total potential valuation – including Organigram's existing ownership stake – can reach €250 million. Looking at Sanity's development, growth is as follows: from €9 million in revenue in 2023 to €60 million in 2025, including €19 million in the fourth quarter of 2025 alone. The gross margin has simultaneously improved from 15 % in 2023 to 47 % in 2025. According to the announcement, the upfront valuation of €130 million corresponds to an LQA multiple of 1.7x based on Q4 2025 annualized revenue, and the earnout model uses multiples of 1.75x revenue and 12.5x EBITDA. The interesting thing – and the reason I bring it into the coverage of Cantourage – is the direct comparability. Cantourage delivered revenue of €74.9 million and an EBITDA of €3.9 million in the first nine months of 2025. The market capitalization is around €50 million. In other words: Cantourage generated more revenue in nine months than Sanity did in all of 2025, and yet Cantourage is traded at a market capitalization less than half of Sanity's upfront purchase price. Looking at the full earnout structure, the potential payment for Sanity corresponds to more than four times Cantourage's current market cap. This is not a question of comparing two identical companies point by point. It is a reference transaction in the same regulatory environment, the same geographical market, and the same overall value chain. Sanity is described as one of the leading players in Germany and is estimated to have a #2 market position as of January 2026, only surpassed by Cantourage Group. When an international strategic player is willing to pay up to €250 million for a German platform with €60 million in annual revenue and positive EBITDA, it serves as a concrete benchmark for the sector. The German medical cannabis market was estimated in the announcement to be over €2 billion in 2025 with an expectation of more than €4.5 billion in 2028. Consolidation is thus not theoretical – it is underway, and it is happening at multiples significantly above listed peer valuations. For me, the transaction does not change the fundamentals of Cantourage. But it clarifies the asymmetry that currently exists between private M&A pricing and the stock market's valuation. And precisely for this reason, it is relevant in the ongoing analysis of Cantourage. I maintain my assessment that there is still significant upside in the case surrounding Cantourage Group SE. If one looks solely at the recently announced transaction concerning Sanity Group GmbH as a reference point, the current valuation of Cantourage appears significantly low. If the market were to apply similar transaction logic and relative multiples, it indicates, in my estimation, a share price in the range of €6.5–8.0 – potentially higher, if a strategic premium is included. This is, mind you, without adding further upside related to future performance, market shares, etc. The central point is not the precise price target, but the structural point: A concrete, comparable M&A reference has emerged in the same market, and it points to a significant gap between private transaction value and the stock market's current pricing of Cantourage. Disclaimer: I myself have a solid position in Cantourage Group (with entry at a price of €3.02).
·2 päivää sittenIt's strange that you are writing about another company on Stenocare's page?·1 päivä sittenThat is very much one of StenoCare's biggest competitors. It is probably an investor community where one shares good investment advice, I think. :) - ·15.2.Stenocare has posted a link on Linkedin to an article about Stenocare and their products. https://businessofcannabis.com/access-saturation-consolidation-why-denmark-foreshadows-the-future-of-europes-medical-cannabis-markets/
·14.2.We probably have to realize that this one is heading towards the abyss.
·3 päivää sittenIt's so crazy to come into a forum where one clearly hasn't familiarized oneself with the company and its position in the market, and write something negative. What do people like him get out of it?
·3 päivää sittenAttention. Probably expected quick earnings, and was disappointed. Maybe he was in when it was at +2 and bought in and sold again when it fell and is sad about it.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 Q3 -tulosraportti
Vain PDF
122 päivää sitten
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·1 päivä sittenIt would be interesting to see how much business these new partnerships around the world actually generate. It must be relatively limited, because when one compares their Danish/national sales with the total, the difference seems minimal. That said, one should perhaps be aware that such news (about new markets etc.) only has value when proven in practice. There is a risk that it will be a waste of time and resources for the company, rather than focusing on what actually generates business - i.e., the Danish market, where they stand strong, especially after the CannGros acquisition. If it were up to me, the company would position itself more exclusively here and work purposefully towards becoming a (continued) leading player in the Nordics. With a strong local foothold and a clear focus, it could in the long term make the company a well-positioned M&A object for larger players who want access to the market - a market that is still relatively unexplored for many of the major players, primarily due to a lack of volume today, but which will most likely grow over time. Just my take.·1 päivä sittenIn my opinion, they are in the process of positioning themselves solidly in the EU generally, and with their Astrum IP, they already have a reason to be acquired by larger players, but seeking out other countries than DK, such as Germany and France, makes super good sense as there are more potential patients in those countries than there are citizens in DK.
- ·2 päivää sitten · MuokattuThis post is about Cantourage Group SE, which is the leading German player in the medical cannabis market in Germany/Europe – and the coverage I continuously provide on the company. The background is the recently announced transaction where Organigram Global Inc. acquires Sanity Group GmbH. The headline speaks for itself: ”Organigram to acquire Sanity Group for up-front consideration of €113.4 million plus a maximum earnout of up to €113.8 million tied to financial performance.” The press release can be read here: https://www.organigram.ca/_files/ugd/dad9ab_8cd368c0bdf540ef98a6f62780e15a38.pdf?utm_medium=social&utm_campaign=sanity The transaction involves an upfront payment of €113.4 million and a possible earnout of an additional €113.8 million, bringing the total potential payment to approximately €227 million. In the official valuation table, it appears that the total potential valuation – including Organigram's existing ownership stake – can reach €250 million. Looking at Sanity's development, growth is as follows: from €9 million in revenue in 2023 to €60 million in 2025, including €19 million in the fourth quarter of 2025 alone. The gross margin has simultaneously improved from 15 % in 2023 to 47 % in 2025. According to the announcement, the upfront valuation of €130 million corresponds to an LQA multiple of 1.7x based on Q4 2025 annualized revenue, and the earnout model uses multiples of 1.75x revenue and 12.5x EBITDA. The interesting thing – and the reason I bring it into the coverage of Cantourage – is the direct comparability. Cantourage delivered revenue of €74.9 million and an EBITDA of €3.9 million in the first nine months of 2025. The market capitalization is around €50 million. In other words: Cantourage generated more revenue in nine months than Sanity did in all of 2025, and yet Cantourage is traded at a market capitalization less than half of Sanity's upfront purchase price. Looking at the full earnout structure, the potential payment for Sanity corresponds to more than four times Cantourage's current market cap. This is not a question of comparing two identical companies point by point. It is a reference transaction in the same regulatory environment, the same geographical market, and the same overall value chain. Sanity is described as one of the leading players in Germany and is estimated to have a #2 market position as of January 2026, only surpassed by Cantourage Group. When an international strategic player is willing to pay up to €250 million for a German platform with €60 million in annual revenue and positive EBITDA, it serves as a concrete benchmark for the sector. The German medical cannabis market was estimated in the announcement to be over €2 billion in 2025 with an expectation of more than €4.5 billion in 2028. Consolidation is thus not theoretical – it is underway, and it is happening at multiples significantly above listed peer valuations. For me, the transaction does not change the fundamentals of Cantourage. But it clarifies the asymmetry that currently exists between private M&A pricing and the stock market's valuation. And precisely for this reason, it is relevant in the ongoing analysis of Cantourage. I maintain my assessment that there is still significant upside in the case surrounding Cantourage Group SE. If one looks solely at the recently announced transaction concerning Sanity Group GmbH as a reference point, the current valuation of Cantourage appears significantly low. If the market were to apply similar transaction logic and relative multiples, it indicates, in my estimation, a share price in the range of €6.5–8.0 – potentially higher, if a strategic premium is included. This is, mind you, without adding further upside related to future performance, market shares, etc. The central point is not the precise price target, but the structural point: A concrete, comparable M&A reference has emerged in the same market, and it points to a significant gap between private transaction value and the stock market's current pricing of Cantourage. Disclaimer: I myself have a solid position in Cantourage Group (with entry at a price of €3.02).·2 päivää sittenIt's strange that you are writing about another company on Stenocare's page?·1 päivä sittenThat is very much one of StenoCare's biggest competitors. It is probably an investor community where one shares good investment advice, I think. :)
- ·15.2.Stenocare has posted a link on Linkedin to an article about Stenocare and their products. https://businessofcannabis.com/access-saturation-consolidation-why-denmark-foreshadows-the-future-of-europes-medical-cannabis-markets/
- ·14.2.We probably have to realize that this one is heading towards the abyss.·3 päivää sittenIt's so crazy to come into a forum where one clearly hasn't familiarized oneself with the company and its position in the market, and write something negative. What do people like him get out of it?·3 päivää sittenAttention. Probably expected quick earnings, and was disappointed. Maybe he was in when it was at +2 and bought in and sold again when it fell and is sad about it.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
First North Denmark
Määrä
Osto
14 040
Myynti
Määrä
9 766
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 35 | - | - | ||
| 5 | - | - | ||
| 15 | - | - | ||
| 145 | - | - | ||
| 1 000 | - | - |
Ylin
1,465VWAP
Alin
1,4VaihtoMäärä
0 27 298
VWAP
Ylin
1,465Alin
1,4VaihtoMäärä
0 27 298
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2025 Q4 -tulosraportti 26.2. | 5 päivää |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q3 -tulosraportti 22.10.2025 | ||
2025 Q2 -tulosraportti 21.8.2025 | ||
2025 Q1 -tulosraportti 8.5.2025 | ||
2024 Q4 -tulosraportti 27.2.2025 | ||
2024 Q3 -tulosraportti 29.11.2024 |
2025 Q3 -tulosraportti
Vain PDF
122 päivää sitten
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2025 Q4 -tulosraportti 26.2. | 5 päivää |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q3 -tulosraportti 22.10.2025 | ||
2025 Q2 -tulosraportti 21.8.2025 | ||
2025 Q1 -tulosraportti 8.5.2025 | ||
2024 Q4 -tulosraportti 27.2.2025 | ||
2024 Q3 -tulosraportti 29.11.2024 |
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·1 päivä sittenIt would be interesting to see how much business these new partnerships around the world actually generate. It must be relatively limited, because when one compares their Danish/national sales with the total, the difference seems minimal. That said, one should perhaps be aware that such news (about new markets etc.) only has value when proven in practice. There is a risk that it will be a waste of time and resources for the company, rather than focusing on what actually generates business - i.e., the Danish market, where they stand strong, especially after the CannGros acquisition. If it were up to me, the company would position itself more exclusively here and work purposefully towards becoming a (continued) leading player in the Nordics. With a strong local foothold and a clear focus, it could in the long term make the company a well-positioned M&A object for larger players who want access to the market - a market that is still relatively unexplored for many of the major players, primarily due to a lack of volume today, but which will most likely grow over time. Just my take.·1 päivä sittenIn my opinion, they are in the process of positioning themselves solidly in the EU generally, and with their Astrum IP, they already have a reason to be acquired by larger players, but seeking out other countries than DK, such as Germany and France, makes super good sense as there are more potential patients in those countries than there are citizens in DK.
- ·2 päivää sitten · MuokattuThis post is about Cantourage Group SE, which is the leading German player in the medical cannabis market in Germany/Europe – and the coverage I continuously provide on the company. The background is the recently announced transaction where Organigram Global Inc. acquires Sanity Group GmbH. The headline speaks for itself: ”Organigram to acquire Sanity Group for up-front consideration of €113.4 million plus a maximum earnout of up to €113.8 million tied to financial performance.” The press release can be read here: https://www.organigram.ca/_files/ugd/dad9ab_8cd368c0bdf540ef98a6f62780e15a38.pdf?utm_medium=social&utm_campaign=sanity The transaction involves an upfront payment of €113.4 million and a possible earnout of an additional €113.8 million, bringing the total potential payment to approximately €227 million. In the official valuation table, it appears that the total potential valuation – including Organigram's existing ownership stake – can reach €250 million. Looking at Sanity's development, growth is as follows: from €9 million in revenue in 2023 to €60 million in 2025, including €19 million in the fourth quarter of 2025 alone. The gross margin has simultaneously improved from 15 % in 2023 to 47 % in 2025. According to the announcement, the upfront valuation of €130 million corresponds to an LQA multiple of 1.7x based on Q4 2025 annualized revenue, and the earnout model uses multiples of 1.75x revenue and 12.5x EBITDA. The interesting thing – and the reason I bring it into the coverage of Cantourage – is the direct comparability. Cantourage delivered revenue of €74.9 million and an EBITDA of €3.9 million in the first nine months of 2025. The market capitalization is around €50 million. In other words: Cantourage generated more revenue in nine months than Sanity did in all of 2025, and yet Cantourage is traded at a market capitalization less than half of Sanity's upfront purchase price. Looking at the full earnout structure, the potential payment for Sanity corresponds to more than four times Cantourage's current market cap. This is not a question of comparing two identical companies point by point. It is a reference transaction in the same regulatory environment, the same geographical market, and the same overall value chain. Sanity is described as one of the leading players in Germany and is estimated to have a #2 market position as of January 2026, only surpassed by Cantourage Group. When an international strategic player is willing to pay up to €250 million for a German platform with €60 million in annual revenue and positive EBITDA, it serves as a concrete benchmark for the sector. The German medical cannabis market was estimated in the announcement to be over €2 billion in 2025 with an expectation of more than €4.5 billion in 2028. Consolidation is thus not theoretical – it is underway, and it is happening at multiples significantly above listed peer valuations. For me, the transaction does not change the fundamentals of Cantourage. But it clarifies the asymmetry that currently exists between private M&A pricing and the stock market's valuation. And precisely for this reason, it is relevant in the ongoing analysis of Cantourage. I maintain my assessment that there is still significant upside in the case surrounding Cantourage Group SE. If one looks solely at the recently announced transaction concerning Sanity Group GmbH as a reference point, the current valuation of Cantourage appears significantly low. If the market were to apply similar transaction logic and relative multiples, it indicates, in my estimation, a share price in the range of €6.5–8.0 – potentially higher, if a strategic premium is included. This is, mind you, without adding further upside related to future performance, market shares, etc. The central point is not the precise price target, but the structural point: A concrete, comparable M&A reference has emerged in the same market, and it points to a significant gap between private transaction value and the stock market's current pricing of Cantourage. Disclaimer: I myself have a solid position in Cantourage Group (with entry at a price of €3.02).·2 päivää sittenIt's strange that you are writing about another company on Stenocare's page?·1 päivä sittenThat is very much one of StenoCare's biggest competitors. It is probably an investor community where one shares good investment advice, I think. :)
- ·15.2.Stenocare has posted a link on Linkedin to an article about Stenocare and their products. https://businessofcannabis.com/access-saturation-consolidation-why-denmark-foreshadows-the-future-of-europes-medical-cannabis-markets/
- ·14.2.We probably have to realize that this one is heading towards the abyss.·3 päivää sittenIt's so crazy to come into a forum where one clearly hasn't familiarized oneself with the company and its position in the market, and write something negative. What do people like him get out of it?·3 päivää sittenAttention. Probably expected quick earnings, and was disappointed. Maybe he was in when it was at +2 and bought in and sold again when it fell and is sad about it.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
First North Denmark
Määrä
Osto
14 040
Myynti
Määrä
9 766
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 35 | - | - | ||
| 5 | - | - | ||
| 15 | - | - | ||
| 145 | - | - | ||
| 1 000 | - | - |
Ylin
1,465VWAP
Alin
1,4VaihtoMäärä
0 27 298
VWAP
Ylin
1,465Alin
1,4VaihtoMäärä
0 27 298
Välittäjätilasto
Dataa ei löytynyt