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Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for employers, law enforcement, governments, and public in North America. It develops tetrahydrocannabinol breath analyzers, a point of care breath testing tool for the rapid detection of recent cannabis use, as well as breath collection units. The company was formerly known as West Point Resources Inc. and changed its name to Cannabix Technologies Inc. in August 2014. Cannabix Technologies Inc. was incorporated in 2011 and is based in Burnaby, Canada.

Cannabix Technologies Dividend Announcement

• Cannabix Technologies does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Cannabix Technologies dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Cannabix Technologies Dividend History

Cannabix Technologies Dividend Yield

Cannabix Technologies current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Cannabix Technologies stock? Use our calculator to estimate your expected dividend yield:

Cannabix Technologies Financial Ratios

P/E ratio-12.12
PEG ratio-0.92
P/B ratio11.73
ROE-78.37%
Payout ratio0.00%
Current ratio17.87
Quick ratio17.71
Cash Ratio17.15

Cannabix Technologies Dividend FAQ

Does Cannabix Technologies stock pay dividends?
Cannabix Technologies does not currently pay dividends to its shareholders.
Has Cannabix Technologies ever paid a dividend?
No, Cannabix Technologies has no a history of paying dividends to its shareholders. Cannabix Technologies is not known for its dividend payments.
Why doesn't Cannabix Technologies pay dividends?
There are several potential reasons why Cannabix Technologies would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Cannabix Technologies ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Cannabix Technologies has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Cannabix Technologies a dividend aristocrat?
Cannabix Technologies is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Cannabix Technologies a dividend king?
Cannabix Technologies is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Cannabix Technologies a dividend stock?
No, Cannabix Technologies is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Cannabix Technologies stocks?
To buy Cannabix Technologies you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Cannabix Technologies stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.