Medical Cannabis Payment Solutions

REFGOTCAncillaryUnited StatesActive
$29.28+0.56+1.96%USD

Medical Cannabis Payment Solutions (REFG) is a ancillary cannabis company trading on the OTC. The stock is currently priced at $29.28 with a market capitalization of $335.6M and trailing twelve-month revenue of $1.95B. The company reports a gross margin of 8.5%. View SEC filings ↗

Market Cap

$335.6M

Volume

20.4M

Prev Close

$28.72

52W High

$52.42

52W Low

$14.95

P/S Ratio

13.23

Shares Out

11.5M

Revenue

$1.95B

Gross Margin

8.5%

Cash

$302.5M

REFG Price Chart

Trading Data

Trading Data

Previous Close$28.72
Open$28.72
Day Range$14.95 – $52.42
52-Week Range$14.95 – $52.42
$14.95$52.42
Volume20.4M
Avg Volume20.4M
Market Cap$335.6M
Enterprise Value$602.7M
Shares Outstanding11.5M
P/S Ratio13.23
Revenue Growth YoY-28.70%

Valuation Metrics

Valuation Metrics

P/S Ratio (TTM)
13.235-15x — moderate
EV / Revenue
0.31xvs industry avg ~8x
Gross Margin
8.5%Thin margins
Revenue Growth YoY
-28.70%Revenue declining
Cash Runway
Cash flow positive
Debt-to-Equity

Financial Highlights

View Full Financials

Financial Highlights

R
Revenue TTM$1.95BTrailing twelve months
G
Gross Profit$165.8MRevenue x Margin
%
Gross Margin8.5%Thin profitability
$
Cash & Equivalents$302.5MAvailable liquidity
D
Total Debt$569.6MOutstanding obligations
N
Net Cash Position-$267.1MCash minus debt

Quarterly Revenue

Last 8 Quarters (Estimated)

TTM: $1.95B

REFG Key Takeaways

  • Medical Cannabis Payment Solutions (REFG) trades at $29.28 with a market cap of $335.6M, ranking #0 among 94 cannabis stocks.
  • Trailing twelve-month revenue is $1.95B, declining -28.70% year-over-year.
  • Gross margin stands at 8.5% — thin margins indicating cost pressures.
  • Balance sheet shows $302.5M cash against $569.6M debt — net debt position.
  • Price-to-Sales ratio of 13.23x — in line with sector median.

REFG Stock Analysis

Medical Cannabis Payment Solutions (REFG) is a ancillary cannabis company listed on the OTC exchange, headquartered in the United States. With a current share price of $29.28 and a market capitalization of $335.6M, REFG ranks #0 out of 94 publicly traded cannabis stocks tracked on Cannabismarketcap.

From a fundamental perspective, Medical Cannabis Payment Solutions reports trailing twelve-month revenue of $1.95B, representing a decline of -28.70% year-over-year. The company maintains a gross margin of 8.5%, which reflects the cost pressures common to emerging cannabis operators. At a price-to-sales multiple of 13.23x, the stock is fairly valued compared to sector peers.

The company's balance sheet shows $302.5M in cash and equivalents against $569.6M in total debt, leaving net debt of $267.1M. At the current burn rate, estimated cash runway is approximately 3 months. Investors looking for a deeper dive can explore REFG's full financial statements including quarterly breakdowns and balance sheet history.

REFG currently trades within a 52-week range of $14.95 to $52.42. Average daily trading volume stands at 20.4M shares. The company employs approximately 3,900 people. Share dilution is running at 17.4% annually, which investors should factor into their analysis.

Corporate Information

Corporate Information

Company Name
Medical Cannabis Payment Solutions
Ticker Symbol
REFG
Exchange
OTC
Sector
AncillaryAncillary Services
Industry
Headquarters
United States
IPO / List Date
Employees
3.9K
Website
Market Cap
$335.6M#0 in cannabis
Shares Outstanding
11.5M
Status
Active
Currency
USD

Share Structure

Share Structure

Shares Outstanding
11.5M
Market Cap
$335.6M
Enterprise Value
$602.7M
Float (est.)
9.7M~85% of outstanding
Dilution Rate
1740.0%
Avg Volume
20.4M
Insider Ownership
N/AData pending
Institutional Ownership
N/AData pending
Short Interest
N/AData pending

REFG Latest News

Latest News

No recent news available for REFG

REFG Price History

Price History

No price data available.

Investment Snapshot

Investment Snapshot

Programmatic analysis based on available financial data. Not investment advice.

Market PositionPositive

Ranked #0 of 94 by market cap ($335.6M). Sector median: $31.6M.

Financial HealthNeutral

Net cash position: -$267.1M ($302.5M cash, $569.6M debt). Gross margin at 850.0%.

GrowthCaution

Revenue growth at -28.7% YoY. Sector median: +0.0%.

ValuationNeutral

P/S ratio of 13.23x vs sector median of 1.35x. Fairly valued for the sector.

Cannabis Industry Context

Cannabis Industry Overview

Ancillary cannabis companies — often described as the picks-and-shovels plays of the industry — provide products and services to the cannabis supply chain without directly touching the plant. This model carries meaningfully lower regulatory risk because ancillary businesses are not subject to the same licensing requirements, 280E tax penalties, or banking restrictions that encumber plant-touching operators. The ancillary segment spans a wide range of verticals including cultivation technology (LED lighting, HVAC, nutrients), extraction and processing equipment, packaging and compliance solutions, seed-to-sale tracking software, point-of-sale systems, and professional services such as legal, accounting, and consulting. As the cannabis industry matures, ancillary companies benefit from growing total addressable markets in every newly legalized jurisdiction. Many of these businesses also serve adjacent markets in agriculture, food processing, or enterprise software, which diversifies their revenue base and reduces dependence on cannabis-specific demand cycles. Investors often favor ancillary names for their comparatively cleaner financial profiles, conventional banking access, and eligibility for major exchange listings.

Medical Cannabis Payment Solutions in the Ancillary Landscape

Medical Cannabis Payment Solutions (REFG) currently ranks #3 out of 10 publicly traded ancillary companies by market capitalization, with a market cap of $335.6M. The company reports trailing-twelve-month revenue of $1.95B, placing it above the sector median of $168.2M. The ancillary sector comprises 10 tracked companies, reflecting the focused competitive landscape within this segment of the cannabis industry.

The top companies in the ancillary sector by market capitalization are Scotts Miracle-Gro (SMG) at $3.55B, Turning Point Brands (TPB) at $1.44B, and Medical Cannabis Payment Solutions (REFG) at $335.6M. Medical Cannabis Payment Solutions competes within this group for market share, investor attention, and operational scale as the sector continues to mature.

Key Metrics at a Glance

Market Cap$335.6MSector median: $69.4M
Revenue (TTM)$1.95BSector median: $168.2M
Gross Margin+8.50%Sector median: +41.35%
P/S Ratio13.2xSector median: 1.6x

Regulatory & Risk Considerations

All cannabis investors should be aware that federal legalization status in the United States remains uncertain. While cannabis is legal for medical use in the majority of US states and for adult use in a growing number of jurisdictions, it remains classified as a Schedule I controlled substance at the federal level. This creates material legal, financial, and operational risks across the industry. Ancillary companies like Medical Cannabis Payment Solutions generally face lower direct regulatory risk because they do not handle the cannabis plant itself. This distinction allows ancillary businesses to access conventional banking services, list on major exchanges, and avoid the 280E tax penalty that burdens plant-touching operators. However, ancillary companies remain exposed to the overall health of the cannabis industry — a major regulatory setback or prolonged downturn in cannabis operator spending would flow through to ancillary revenue.

Some ancillary businesses that provide services closely tied to cannabis operations — such as compliance software, testing laboratories, or cultivation consulting — may face state-specific licensing or registration requirements. Companies serving both cannabis and non-cannabis markets benefit from revenue diversification that mitigates cannabis-specific regulatory risk, though investors should assess the degree to which each company's growth trajectory depends on continued cannabis market expansion.

REFG Key Takeaways

  • Medical Cannabis Payment Solutions has a market cap of $335.6M, making it a mid-cap cannabis company listed on the OTC.
  • Trailing twelve-month revenue is $1.95B with year-over-year growth of -28.7%. Declining revenue is a concern that warrants attention.
  • The company's gross margin stands at 8.5%. Low or negative margins raise questions about pricing power and cost structure.
  • Medical Cannabis Payment Solutions holds $302.5M in cash against $569.6M in debt, resulting in a net debt position of $267.1M and an estimated 3.0 months of cash runway.
  • The stock trades at a P/S ratio of 13.23x and EV/Revenue of 9.68x. Elevated multiples suggest the market is pricing in significant future growth.
  • At $29.28, the stock trades at 38% of its 52-week range ($14.95 – $52.42). The stock is trading mid-range, offering a balanced risk-reward profile.
  • The annual share dilution rate is 17.4%. High dilution is eroding shareholder value and is a significant risk factor.

Medical Cannabis Payment Solutions Stock Analysis

Medical Cannabis Payment Solutions (OTC: REFG) is a ancillary cannabis company currently trading at $29.28 per share with a market capitalization of $335.6M. The stock gained +1.96% in the most recent trading session on volume of 20.4M shares. Medical Cannabis Payment Solutions is headquartered in the United States and employs approximately 3,900 people. As a participant in the ancillary cannabis segment, the company operates within one of the most dynamic and rapidly evolving sectors of the North American economy.

On the revenue front, Medical Cannabis Payment Solutions generated $1.95B in trailing twelve-month (TTM) revenue, reflecting year-over-year growth of -28.7%. This growth rate is trailing the Ancillary sector average of 0.0%. Medical Cannabis Payment Solutions is marginally profitable at the gross level with a 8.5% gross margin, suggesting the company is covering its direct costs of goods sold but may face challenges scaling to full profitability. Revenue trends in the cannabis industry are closely watched by analysts, as the sector continues to navigate pricing compression, oversupply dynamics in certain markets, and the ongoing burden of IRS Section 280E, which prevents cannabis businesses from deducting ordinary business expenses at the federal level.

From a valuation perspective, Medical Cannabis Payment Solutions trades at a price-to-sales (P/S) ratio of 13.23x, which is above the sector median of 0.43x, suggesting the market is pricing in higher growth expectations or a premium for Medical Cannabis Payment Solutions's market position. The enterprise value-to-revenue (EV/Revenue) multiple stands at 9.68x. Cannabis stock valuations have compressed significantly from their 2021 highs, and current multiples reflect a more mature market environment where investors demand clear paths to profitability. For context, the broader Ancillary sector contains 10 publicly traded companies tracked by CannaCap, and Medical Cannabis Payment Solutions's valuation should be considered within the context of its specific growth profile and competitive positioning.

Medical Cannabis Payment Solutions carries net debt of $267.1M, with $569.6M in total debt against $302.5M in cash and equivalents. At the current pace, the company has an estimated 3.0 months of cash remaining, making capital management a critical near-term priority. Access to capital remains a persistent challenge for cannabis companies, particularly plant-touching operators that are excluded from traditional banking services and institutional lending. Many cannabis companies have turned to sale-leaseback transactions, private placements, and at-the-market (ATM) equity offerings to fund operations. Medical Cannabis Payment Solutions's balance sheet should be evaluated with these industry-specific constraints in mind.

Key risk factors for Medical Cannabis Payment Solutions investors include the ongoing federal prohibition of cannabis in the United States, which creates regulatory uncertainty and limits access to capital markets. Investors should be aware that Medical Cannabis Payment Solutions has experienced significant share dilution at a rate of 17.4% annually, which erodes existing shareholder value and suggests the company is heavily reliant on equity issuance for funding. The stock currently trades at $29.28, which is 38% of the way between its 52-week low of $14.95 and its 52-week high of $52.42. Additional industry-wide risks include potential state-level regulatory changes, evolving consumer preferences, price compression from increased competition, and the impact of illicit market activity on legal operators. The Section 280E tax burden continues to weigh on cannabis company profitability, and any federal rescheduling or descheduling of cannabis would be a significant catalyst for the entire sector.

The cannabis industry is at a pivotal juncture, with potential federal reform, state-level market expansion, and increasing institutional interest all shaping the investment landscape. Medical Cannabis Payment Solutions, with its $335.6M market cap and $1.95B revenue base, is positioned as a mid-sized player in the ancillary cannabis space. Investors considering REFG should weigh the company's financial metrics against the broader opportunity set within the cannabis sector, which includes 94 publicly traded companies tracked on CannaCap with a combined market capitalization measured in the tens of billions of dollars.

REFG Price Performance

Medical Cannabis Payment Solutions (REFG) currently trades at $29.28, which places the stock at approximately 38% of its 52-week trading range. Over the past twelve months, REFG has traded as high as $52.42 and as low as $14.95, representing a 250.6% spread between the yearly high and low. The current price sits 44.1% below the 52-week high and 95.9% above the 52-week low. This range provides important context for understanding the stock's recent volatility and where current levels fall within the broader price history.

In the most recent trading session, REFG rose +1.96% from a previous close of $28.72 to $29.28, on volume of 20.4M shares. This positive session is within the range of normal daily fluctuations for cannabis stocks, which tend to exhibit higher volatility than the broader equity market. The stock has 11,460,875 shares outstanding, giving it a fully diluted market capitalization that investors should factor into their analysis alongside the current $335.6M market cap figure.

Cannabis stocks have historically exhibited significant price volatility driven by regulatory developments, earnings surprises, and shifts in market sentiment toward the sector. REFG is trading in the middle of its 52-week range, which suggests the stock has room to move in either direction based on fundamental catalysts. Historical price levels should be considered alongside fundamental data — including revenue trends, margin improvement, and balance sheet health — to form a complete investment thesis.

How to Invest in Medical Cannabis Payment Solutions

Medical Cannabis Payment Solutions (REFG) is listed on the OTC (Over-The-Counter) Markets, which is a decentralized marketplace for securities not listed on major exchanges. OTC stocks can be traded through most full-service brokerages, though some discount brokers may charge additional fees or restrict access to certain OTC tiers. Investors should be aware that OTC-traded stocks typically have lower liquidity and wider bid-ask spreads compared to exchange-listed securities. To purchase shares of REFG, you will need a brokerage account that supports trading on the OTC. The stock currently trades at $29.28 per share with an average daily volume of 20.4M shares, which provides strong liquidity for most retail investors. When placing an order, consider using limit orders rather than market orders to control your entry price, especially given the wider spreads typical of OTC-traded securities.

Investors evaluating Medical Cannabis Payment Solutions should closely monitor several key financial metrics. The company's trailing twelve-month revenue of $1.95B and year-over-year revenue growth of -28.7% provide insight into top-line momentum. The gross margin of 8.5% indicates how efficiently the company converts revenue into gross profit. On the balance sheet, Medical Cannabis Payment Solutions holds $302.5M in cash against $569.6M in total debt, giving it approximately 3.0 months of operating runway. The price-to-sales ratio of 13.23x and enterprise value-to-revenue of 9.68x help contextualize the stock's valuation relative to its revenue generation. Watch quarterly earnings reports for trends in these metrics, as well as any changes to guidance or strategic direction.

When comparing Medical Cannabis Payment Solutions to other cannabis investments, consider the company's sector (Ancillary Cannabis), geographic focus (United States), and stage of growth. As a mid-cap cannabis company, Medical Cannabis Payment Solutions balances growth potential with a degree of operational maturity. The cannabis sector is highly fragmented, and understanding where a company fits within the broader competitive landscape — including its market share, geographic footprint, and product differentiation — is essential for making informed investment decisions.

Important risk disclosure: Cannabis stocks carry unique risks beyond those of typical equity investments. Federal illegality in the United States creates regulatory, banking, and tax challenges (particularly Section 280E). State-by-state legalization creates a patchwork of market opportunities and compliance requirements. Cannabis companies frequently issue additional shares to fund operations, which dilutes existing shareholders — Medical Cannabis Payment Solutions's current dilution rate is 17.4% annually. Past performance is not indicative of future results, and investors should only allocate capital they can afford to lose. This content is for informational purposes only and does not constitute investment advice. Always conduct your own due diligence and consider consulting a financial advisor before investing in cannabis stocks.

Compare REFG With Peers

Peer Comparison

CompanyPriceChange %Mkt CapRevenueMarginP/S
REFG$29.28+1.96%$335.6M$1.95B8.5%13.23
SMG$63.23+0.57%$3.55B$3.35B31.0%1.10
TPB$74.39-0.05%$1.44B$463.1M57.1%3.08
AGFY$47.12+4.71%$94.2M$15.4M51.7%6.12
MAPS$0.69+2.60%$73.4M$174.7M94.9%0.43
GRWG$1.09+1.75%$65.5M$161.7M26.8%0.40

Related Ancillary Stocks

Frequently Asked Questions

What is Medical Cannabis Payment Solutions's (REFG) stock price today?

Medical Cannabis Payment Solutions (REFG) stock is currently trading at $29.28 per share on the OTC exchange. This represents a daily gain of +1.96% ($0.56) from the previous closing price of $28.72. Over the past 52 weeks, REFG has traded between a low of $14.95 and a high of $52.42, placing the current price at approximately -44% from its annual high. The stock has a market capitalization of $335.6M, making it a notable cannabis-adjacent companies tracked by Cannabismarketcap. Medical Cannabis Payment Solutions operates in the Ancillary sector, serving the broader cannabis industry.

What is Medical Cannabis Payment Solutions's market capitalization?

Medical Cannabis Payment Solutions (REFG) has a current market capitalization of $335.6M, calculated by multiplying its 11.5M shares outstanding by the current stock price of $29.28. Market capitalization is a key measure of a company's total equity value as perceived by the public market, and it places Medical Cannabis Payment Solutions among the mid-cap cannabis companies tracked on Cannabismarketcap. For context, the enterprise value (market cap plus debt minus cash) stands at $602.7M, which accounts for the company's balance sheet structure. Investors often use market cap alongside revenue and profitability metrics to assess relative valuation within the cannabis sector.

Is Medical Cannabis Payment Solutions profitable?

Medical Cannabis Payment Solutions (REFG) currently reports a gross margin of 8.5%, which means the company retains 8.5 cents of every revenue dollar after direct costs of goods sold. On trailing twelve month revenue of $1.95B, this translates to an estimated gross profit of approximately $165.8M. Profitability is a critical factor in the cannabis industry, where many companies are still investing heavily in growth and regulatory compliance. Investors should review the full income statement, cash flow trends, and operating expense breakdown on Cannabismarketcap for a complete picture of Medical Cannabis Payment Solutions's financial health.

What is Medical Cannabis Payment Solutions's annual revenue?

Medical Cannabis Payment Solutions (REFG) reports trailing twelve month (TTM) revenue of $1.95B, reflecting the total sales generated by the company over the most recent four quarters. Revenue has changed -28.70% year-over-year, reflecting a contraction in top-line performance relative to the prior period. The current price-to-sales ratio is 13.23x, which means investors are paying $13.23 for every $1 of annual revenue — a premium valuation in the context of the cannabis sector. Revenue is one of the most closely watched metrics for cannabis companies, as many are still scaling operations in a rapidly evolving regulatory environment. View the full income statement and quarterly revenue breakdown on Cannabismarketcap for detailed trend analysis.

What are Medical Cannabis Payment Solutions's key financial metrics?

Medical Cannabis Payment Solutions (REFG) reports several important financial metrics that investors track closely. The company has a market capitalization of $335.6M, trailing twelve month revenue of $1.95B, and a gross margin of 8.5%. On the balance sheet, Medical Cannabis Payment Solutions holds $302.5M in cash and equivalents against $569.6M in total debt, resulting in a debt-to-market-cap ratio of 1.70x. The price-to-sales ratio stands at 13.23x, while the enterprise value to revenue multiple is 9.68x. With 11.5M shares outstanding and a dilution rate of 17.4%, investors should consider both the fundamental financial performance and share structure when evaluating REFG.

How many employees does Medical Cannabis Payment Solutions have?

Medical Cannabis Payment Solutions currently employs approximately 3,900 people across its operations. As a Ancillary cannabis company headquartered in the United States, its workforce supports activities spanning related business functions. Based on trailing twelve month revenue of $1.95B, this equates to approximately $500.0K in revenue per employee, which is a useful efficiency metric for comparing operational productivity across cannabis companies. Employee count is an important indicator of a company's operational scale and its capacity for growth in an industry that remains highly labor-intensive due to regulatory requirements.

What exchange is REFG listed on?

Medical Cannabis Payment Solutions trades under the ticker symbol REFG on the OTC exchange, and the stock is denominated in US dollars (USD). Shares can typically be purchased through most standard brokerage accounts, though some brokers may charge additional fees for OTC-listed securities. The stock sees average daily trading volume of approximately 20.4M shares, which is an important consideration for liquidity and the ability to enter or exit positions without significant price impact.

What sector is Medical Cannabis Payment Solutions in?

Medical Cannabis Payment Solutions is classified as a Ancillary company within the cannabis industry, meaning it provides supporting products, services, or technology to the cannabis industry without directly handling the plant. The Ancillary sector is a key segment of the cannabis market, and investors often compare companies within the same sector to identify relative outperformers. You can compare REFG with other Ancillary stocks on Cannabismarketcap's sector page to see how it ranks on metrics like market cap, revenue, and margins.

What is Medical Cannabis Payment Solutions's gross margin?

Medical Cannabis Payment Solutions (REFG) has a gross margin of 8.5%, which represents the percentage of revenue the company retains after paying for the direct cost of goods sold. On trailing twelve month revenue of $1.95B, this translates to an estimated gross profit of approximately $165.8M. Gross margin is a critical profitability indicator in the cannabis industry, where companies face unique cost pressures from regulatory compliance, testing requirements, and the tax burden of IRC Section 280E (which prevents cannabis companies from deducting standard business expenses). A thin gross margin like Medical Cannabis Payment Solutions's suggests the company has pricing power and operational efficiency relative to peers.

How does REFG compare to other cannabis stocks?

You can compare Medical Cannabis Payment Solutions (REFG) side-by-side with any cannabis stock on Cannabismarketcap using the dedicated comparison tool. Key comparison metrics include market cap ($335.6M), trailing twelve month revenue ($1.95B), gross margin (8.5%), and price-to-sales ratio (13.23x). Medical Cannabis Payment Solutions sits in the Ancillary sector, so the most relevant peer comparisons would be against other Ancillary companies, though cross-sector comparisons can also reveal interesting insights about relative valuation. Visit the rankings page to see where REFG stands across all cannabis companies on metrics like revenue growth (-28.70% YoY), cash position ($302.5M), and employee count (3,900).

What is REFG's 52-week trading range?

Medical Cannabis Payment Solutions (REFG) has traded between a 52-week low of $14.95 and a 52-week high of $52.42, with the current price of $29.28 sitting approximately -44% from the annual high. This range represents a spread of $37.47 (251% from low to high), which reflects the volatility the stock has experienced over the past year. The 52-week range is a commonly used technical indicator that helps investors understand whether a stock is trading near the top or bottom of its recent range, and it can inform decisions about entry and exit points. Cannabis stocks in general tend to exhibit higher volatility than broader market indices due to evolving regulations and market sentiment.

How does Medical Cannabis Payment Solutions's valuation compare to cannabis industry peers?

Medical Cannabis Payment Solutions (REFG) is valued at a market capitalization of $335.6M with a price-to-sales ratio of 13.23x, and an enterprise value of $602.7M. The EV/Revenue multiple of 9.68x provides a debt-adjusted view of valuation relative to sales, which is particularly important for comparing companies with different capital structures. In the cannabis industry, valuations can vary significantly depending on sector (MSO, LP, Ancillary, etc.), growth rate, and path to profitability. Medical Cannabis Payment Solutions's current revenue trajectory of -28.70% YoY may result in a lower valuation relative to faster-growing peers. Investors can use the Cannabismarketcap rankings and comparison tools to benchmark REFG against specific competitors on valuation multiples, growth rates, and profitability.

What is Medical Cannabis Payment Solutions's enterprise value?

Medical Cannabis Payment Solutions (REFG) has an estimated enterprise value (EV) of $602.7M, which is calculated by taking the market capitalization of $335.6M, adding total debt of $569.6M, and subtracting cash and equivalents of $302.5M. Enterprise value is widely considered a more comprehensive measure of a company's total value than market cap alone because it accounts for the capital structure, including debt obligations and available liquidity. The resulting EV/Revenue ratio of 9.68x allows for an apples-to-apples comparison with peers regardless of differences in leverage. For cannabis companies in particular, where balance sheet health varies dramatically, enterprise value provides a more accurate picture of acquisition cost and relative valuation.

Is Medical Cannabis Payment Solutions stock overvalued or undervalued?

Determining whether Medical Cannabis Payment Solutions (REFG) is overvalued or undervalued requires analyzing multiple valuation metrics in context. The current price-to-sales ratio of 13.23x is on the higher end for cannabis stocks, which could indicate overvaluation unless justified by exceptional growth prospects. The stock is currently trading at $29.28, which is -44% from its 52-week high of $52.42, with a gross margin of 8.5% and revenue growth of -28.70% YoY. Investors should consider the company's enterprise value of $602.7M, its cash position of $302.5M, and the broader cannabis industry outlook when forming a valuation opinion. Cannabismarketcap provides all the data needed for a thorough analysis, but this information should not be considered investment advice.

What are the risks of investing in Medical Cannabis Payment Solutions?

Investing in Medical Cannabis Payment Solutions (REFG) carries several risks that investors should carefully consider. First, the cannabis industry remains federally illegal in the United States, creating regulatory uncertainty that can impact stock prices, banking access, and tax obligations (notably IRC Section 280E). Second, Medical Cannabis Payment Solutions's balance sheet shows $569.6M in total debt against $302.5M in cash, with an estimated cash runway of approximately 3 months at the current burn rate, which investors should monitor for dilution risk or liquidity concerns. The company has a share dilution rate of 17.4%, meaning the number of shares outstanding has been increasing, which can erode per-share value. Additionally, the stock has shown a 52-week range of $14.95 to $52.42, reflecting meaningful price volatility. As with all cannabis stocks, investors face risks from changing state regulations, competitive pressures, and the evolving legal landscape. This information is for educational purposes only and is not investment advice.

What is Medical Cannabis Payment Solutions's cash position and debt level?

Medical Cannabis Payment Solutions (REFG) holds $302.5M in cash and equivalents on its balance sheet, set against $569.6M in total debt. This gives the company a net debt position of $267.1M. At the current rate of cash usage, the company has an estimated cash runway of approximately 3 months before needing additional financing, which could come from operations, debt, or equity issuance. Balance sheet strength is especially important in the cannabis industry, where companies often face limited access to traditional banking and capital markets. Investors should track these metrics over time on Cannabismarketcap to identify trends in cash consumption and debt management.

How many shares outstanding does Medical Cannabis Payment Solutions have?

Medical Cannabis Payment Solutions (REFG) currently has 11.5M shares outstanding, which when multiplied by the current stock price of $29.28 gives the company its market capitalization of $335.6M. The share count has been growing at a rate of 17.4% — a metric known as the dilution rate — which is above average for cannabis companies and may be a concern for investors worried about ownership dilution. Share count is important because all per-share metrics (earnings per share, book value per share, etc.) are directly impacted by changes in shares outstanding. Cannabis companies frequently issue new shares to raise capital, so monitoring dilution trends on Cannabismarketcap is recommended for long-term investors.

Does Medical Cannabis Payment Solutions pay a dividend?

Most cannabis companies, including Medical Cannabis Payment Solutions (REFG), do not currently pay dividends. The cannabis industry is still in a growth phase, and companies typically reinvest available capital into expanding operations, securing new licenses, building out retail and cultivation infrastructure, and navigating complex regulatory requirements. Additionally, the IRC Section 280E tax burden significantly reduces the free cash flow available for shareholder distributions. Investors in cannabis stocks should generally expect returns to come from capital appreciation rather than dividend income. If Medical Cannabis Payment Solutions initiates a dividend in the future, it would be reported in their SEC filings and reflected on Cannabismarketcap.

How can I research Medical Cannabis Payment Solutions stock before investing?

To research Medical Cannabis Payment Solutions (REFG) before investing, start with the company overview on Cannabismarketcap, which provides current price ($29.28), market cap ($335.6M), and key financial metrics. Next, review the full financial statements page for quarterly revenue trends, margins, and balance sheet details. Check the analyst ratings page for Wall Street consensus and price targets, and the technical analysis page for chart patterns and momentum indicators. Compare REFG against sector peers using the comparison tool to understand relative valuation. Review recent news coverage for regulatory developments or corporate events. Finally, read the investment analysis page for a comprehensive deep-dive. Cannabis investing carries unique risks including federal illegality, regulatory uncertainty, and limited banking access — always conduct thorough due diligence before making any investment decision.

What does Medical Cannabis Payment Solutions's market cap of $335.6M mean?

Medical Cannabis Payment Solutions's market capitalization of $335.6M represents the total market value of all its outstanding shares (11.5M shares multiplied by the current stock price of $29.28). Market cap is the primary measure investors use to classify companies by size: mid-cap companies ($100M–$1B) like Medical Cannabis Payment Solutions offer a balance between growth potential and stability. In the cannabis sector, market cap is especially important because it determines index weighting, institutional investment eligibility, and often correlates with the company's operational scale and geographic reach. Medical Cannabis Payment Solutions currently ranks # among cannabis stocks tracked on Cannabismarketcap.

What regulatory risks does Medical Cannabis Payment Solutions face?

Medical Cannabis Payment Solutions (REFG), like all cannabis companies, faces significant regulatory risks that investors should understand. At the federal level, cannabis remains a Schedule I controlled substance in the United States, which restricts banking access, prevents standard business expense deductions under IRC Section 280E, and creates legal uncertainty. Medical Cannabis Payment Solutions is subject to the evolving regulatory landscape across the jurisdictions where it operates. Potential catalysts include federal rescheduling (which could ease 280E burdens), the SAFE Banking Act (which would improve banking access), and individual state legalization events. Conversely, regulatory setbacks such as license moratoriums, increased enforcement, or unfavorable tax policy changes pose downside risks. Investors should monitor legislative developments closely using Cannabismarketcap's news and legalization tracker.

Medical Cannabis Payment Solutions (REFG) is a ancillary cannabis company listed on the OTC exchange, headquartered in the United States. With a market capitalization of $335.6M, Medical Cannabis Payment Solutions ranks #0 among all 94 publicly traded cannabis companies tracked on Cannabismarketcap. The stock is currently trading at $29.28, representing a gain of +1.96% today on volume of 20.4M shares. For real-time price tracking and analysis, see our REFG news page and financial statements.

Investors researching REFG can access detailed financial data including revenue, margins, and balance sheet metrics. The company reported $1.95B in trailing twelve-month revenue with a gross margin of 8.5% and year-over-year revenue growth of -28.70%. For broader market context, explore the Ancillary sector overview, browse all OTC-listed cannabis stocks, or view the market cap rankings, revenue rankings, and P/S ratio rankings. Use the stock screener to filter cannabis stocks by any metric.

Compare Medical Cannabis Payment Solutions head-to-head with other cannabis stocks using our comparison tool. Popular comparisons include REFG vs SMG, REFG vs TPB, and REFG vs AGFY. Track REFG alongside the entire cannabis market with Cannabismarketcap's comprehensive gross margin rankings, cash position rankings, and valuation rankings.

New to cannabis investing? Learn about the industry with our guides on cannabis stock basics, how to evaluate cannabis stocks, and industry overview. Cannabismarketcap tracks every publicly traded cannabis company with real-time pricing, detailed financials, and programmatic analysis to help investors make informed decisions.

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