Fire & Flower Holdings

FFLWFOTCLPCanadaActive
$54.64+2.85+5.50%USD

Fire & Flower Holdings (FFLWF) is a lp cannabis company trading on the OTC. The stock is currently priced at $54.64 with a market capitalization of $1.75B and trailing twelve-month revenue of $1.06B. The company reports a gross margin of -1.4%. View SEC filings ↗

Market Cap

$1.75B

Volume

28.5M

Prev Close

$51.79

52W High

$98.25

52W Low

$22.11

P/S Ratio

5.12

Shares Out

32.0M

Revenue

$1.06B

Gross Margin

-1.4%

Cash

$81.4M

FFLWF Price Chart

Trading Data

Trading Data

Previous Close$51.79
Open$51.79
Day Range$22.11 – $98.25
52-Week Range$22.11 – $98.25
$22.11$98.25
Volume28.5M
Avg Volume28.5M
Market Cap$1.75B
Enterprise Value$2.20B
Shares Outstanding32.0M
P/S Ratio5.12
Revenue Growth YoY+10.70%

Valuation Metrics

Valuation Metrics

P/S Ratio (TTM)
5.125-15x — moderate
EV / Revenue
2.07xvs industry avg ~8x
Gross Margin
-1.4%Thin margins
Revenue Growth YoY
+10.70%Positive momentum
Cash Runway
Cash flow positive
Debt-to-Equity

Financial Highlights

View Full Financials

Financial Highlights

R
Revenue TTM$1.06BTrailing twelve months
G
Gross Profit-$14.9MRevenue x Margin
%
Gross Margin-1.4%Thin profitability
$
Cash & Equivalents$81.4MAvailable liquidity
D
Total Debt$527.2MOutstanding obligations
N
Net Cash Position-$445.8MCash minus debt

Quarterly Revenue

Last 8 Quarters (Estimated)

TTM: $1.06B

FFLWF Key Takeaways

  • Fire & Flower Holdings (FFLWF) trades at $54.64 with a market cap of $1.75B, ranking #0 among 94 cannabis stocks.
  • Trailing twelve-month revenue is $1.06B, growing +10.70% year-over-year.
  • Gross margin stands at -1.4% — thin margins indicating cost pressures.
  • Balance sheet shows $81.4M cash against $527.2M debt — net debt position.
  • Price-to-Sales ratio of 5.12x — in line with sector median.

FFLWF Stock Analysis

Fire & Flower Holdings (FFLWF) is a lp cannabis company listed on the OTC exchange, headquartered in Canada. With a current share price of $54.64 and a market capitalization of $1.75B, FFLWF ranks #0 out of 94 publicly traded cannabis stocks tracked on Cannabismarketcap.

From a fundamental perspective, Fire & Flower Holdings reports trailing twelve-month revenue of $1.06B, representing growth of +10.70% year-over-year. The company maintains a gross margin of -1.4%, which reflects the cost pressures common to emerging cannabis operators. At a price-to-sales multiple of 5.12x, the stock is fairly valued compared to sector peers.

The company's balance sheet shows $81.4M in cash and equivalents against $527.2M in total debt, leaving net debt of $445.8M. At the current burn rate, estimated cash runway is approximately 15 months. Investors looking for a deeper dive can explore FFLWF's full financial statements including quarterly breakdowns and balance sheet history.

FFLWF currently trades within a 52-week range of $22.11 to $98.25. Average daily trading volume stands at 28.5M shares. The company employs approximately 2,146 people. Share dilution is running at 16.5% annually, which investors should factor into their analysis.

Corporate Information

Corporate Information

Company Name
Fire & Flower Holdings
Ticker Symbol
FFLWF
Exchange
OTC
Sector
LPLicensed Producer
Industry
Headquarters
Canada
IPO / List Date
Employees
2.1K
Website
Market Cap
$1.75B#0 in cannabis
Shares Outstanding
32.0M
Status
Active
Currency
USD

Share Structure

Share Structure

Shares Outstanding
32.0M
Market Cap
$1.75B
Enterprise Value
$2.20B
Float (est.)
27.2M~85% of outstanding
Dilution Rate
1650.0%
Avg Volume
28.5M
Insider Ownership
N/AData pending
Institutional Ownership
N/AData pending
Short Interest
N/AData pending

FFLWF Latest News

Latest News

No recent news available for FFLWF

FFLWF 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 ($1.75B). Sector median: $32.3M.

Financial HealthCaution

Net cash position: -$445.8M ($81.4M cash, $527.2M debt). Gross margin at -140.0%.

GrowthPositive

Revenue growth at +10.7% YoY. Sector median: +0.0%.

ValuationNeutral

P/S ratio of 5.12x vs sector median of 1.64x. Fairly valued for the sector.

Cannabis Industry Context

Cannabis Industry Overview

Canada became the first G7 nation to legalize recreational cannabis with the passage of the Cannabis Act (Bill C-45) in October 2018, establishing a federally regulated market that licensed producers (LPs) operate within. The Canadian LP landscape is characterized by federal oversight from Health Canada, provincial distribution models that vary by jurisdiction, and intense price compression driven by oversupply and illicit market competition. Many LPs have pivoted toward international expansion as a growth vector, pursuing EU-GMP certification to export medical cannabis to Germany, Poland, the Czech Republic, and other European markets. The European Union represents a significant long-term opportunity, with Germany in particular moving toward a regulated adult-use framework. LPs benefit from listing eligibility on major North American exchanges such as the TSX and Nasdaq, giving them access to institutional capital that remains largely unavailable to US-touching plant operators. However, the Canadian domestic market remains challenging, and investors closely track LPs' paths to sustained profitability, market share within premium product categories, and execution on international distribution.

Fire & Flower Holdings in the Licensed Producer (LP) Landscape

Fire & Flower Holdings (FFLWF) currently ranks #1 out of 24 publicly traded licensed producer (lp) companies by market capitalization, with a market cap of $1.75B. The company reports trailing-twelve-month revenue of $1.06B, placing it above the sector median of $278.4M. The licensed producer (lp) sector comprises 24 tracked companies, reflecting the broad competitive landscape within this segment of the cannabis industry.

The top companies in the licensed producer (lp) sector by market capitalization are Fire & Flower Holdings (FFLWF) at $1.75B, Cronos Group (CRON) at $990.3M, and Tilray Brands (TLRY) at $729.3M. As the sector leader by market capitalization, Fire & Flower Holdings plays a significant role in setting investor expectations and operational benchmarks for the group.

Key Metrics at a Glance

Market Cap$1.75BSector median: $43.3M
Revenue (TTM)$1.06BSector median: $278.4M
Gross MarginN/ASector median: +30.58%
P/S Ratio5.1xSector 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. Canadian licensed producers like Fire & Flower Holdings operate under a comprehensive federal framework administered by Health Canada, which provides regulatory clarity but also imposes strict requirements around facility licensing, product testing, packaging standardization, and marketing restrictions. While LPs benefit from legitimate banking relationships and major exchange listings, the Canadian market itself faces challenges including persistent illicit market competition, provincial distribution bottlenecks, and retail store rollout timelines that have varied dramatically by province.

For LPs with international operations, the regulatory landscape becomes significantly more complex. Each export destination maintains its own import licensing requirements, product specifications, and quality certifications — most notably EU-GMP certification for European markets. Currency exchange risk, cross-border shipping logistics, and evolving international regulations add layers of operational complexity. LPs must also be mindful of Canadian regulations that restrict certain marketing activities and promotional claims, limiting brand-building opportunities even as the market matures.

FFLWF Key Takeaways

  • Fire & Flower Holdings has a market cap of $1.75B, making it a large-cap cannabis company listed on the OTC.
  • Trailing twelve-month revenue is $1.06B with year-over-year growth of +10.7%. Modest growth indicates steady but unspectacular top-line expansion.
  • The company's gross margin stands at -1.4%. Low or negative margins raise questions about pricing power and cost structure.
  • Fire & Flower Holdings holds $81.4M in cash against $527.2M in debt, resulting in a net debt position of $445.8M and an estimated 14.7 months of cash runway.
  • The stock trades at a P/S ratio of 5.12x and EV/Revenue of 1.77x. Multiples are in a moderate range for cannabis stocks.
  • At $54.64, the stock trades at 43% of its 52-week range ($22.11 – $98.25). The stock is trading mid-range, offering a balanced risk-reward profile.
  • The annual share dilution rate is 16.5%. High dilution is eroding shareholder value and is a significant risk factor.

Fire & Flower Holdings Stock Analysis

Fire & Flower Holdings (OTC: FFLWF) is a licensed producer (lp) company currently trading at $54.64 per share with a market capitalization of $1.75B. The stock gained +5.50% in the most recent trading session on volume of 28.5M shares. Fire & Flower Holdings is headquartered in Canada and employs approximately 2,146 people. As a participant in the licensed producer (lp) segment, the company operates within one of the most dynamic and rapidly evolving sectors of the North American economy.

On the revenue front, Fire & Flower Holdings generated $1.06B in trailing twelve-month (TTM) revenue, reflecting year-over-year growth of +10.7%. This growth rate is outpacing the LP sector average of 0.0%. Fire & Flower Holdings currently operates with a negative gross margin of -1.4%, meaning the company's cost of goods sold exceeds its revenue. This is a significant concern and suggests the business needs to either increase prices, reduce production costs, or achieve greater economies of scale. 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, Fire & Flower Holdings trades at a price-to-sales (P/S) ratio of 5.12x, which is above the sector median of 0.00x, suggesting the market is pricing in higher growth expectations or a premium for Fire & Flower Holdings's market position. The enterprise value-to-revenue (EV/Revenue) multiple stands at 1.77x. 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 LP sector contains 24 publicly traded companies tracked by CannaCap, and Fire & Flower Holdings's valuation should be considered within the context of its specific growth profile and competitive positioning.

Fire & Flower Holdings carries net debt of $445.8M, with $527.2M in total debt against $81.4M in cash and equivalents. At the current pace, the company has an estimated 14.7 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. Fire & Flower Holdings's balance sheet should be evaluated with these industry-specific constraints in mind.

Key risk factors for Fire & Flower Holdings 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 Fire & Flower Holdings has experienced significant share dilution at a rate of 16.5% annually, which erodes existing shareholder value and suggests the company is heavily reliant on equity issuance for funding. The stock currently trades at $54.64, which is 43% of the way between its 52-week low of $22.11 and its 52-week high of $98.25. 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. Fire & Flower Holdings, with its $1.75B market cap and $1.06B revenue base, is positioned as a significant player in the licensed producer (lp) space. Investors considering FFLWF 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.

FFLWF Price Performance

Fire & Flower Holdings (FFLWF) currently trades at $54.64, which places the stock at approximately 43% of its 52-week trading range. Over the past twelve months, FFLWF has traded as high as $98.25 and as low as $22.11, representing a 344.4% spread between the yearly high and low. The current price sits 44.4% below the 52-week high and 147.1% 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, FFLWF rose +5.50% from a previous close of $51.79 to $54.64, on volume of 28.5M shares. This positive session represents a significant single-day move that may have been driven by company-specific news, sector-wide sentiment, or broader market dynamics. The stock has 32,049,805 shares outstanding, giving it a fully diluted market capitalization that investors should factor into their analysis alongside the current $1.75B 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. FFLWF 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 Fire & Flower Holdings

Fire & Flower Holdings (FFLWF) 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 FFLWF, you will need a brokerage account that supports trading on the OTC. The stock currently trades at $54.64 per share with an average daily volume of 28.5M 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 Fire & Flower Holdings should closely monitor several key financial metrics. The company's trailing twelve-month revenue of $1.06B and year-over-year revenue growth of +10.7% provide insight into top-line momentum. The gross margin of -1.4% indicates how efficiently the company converts revenue into gross profit. On the balance sheet, Fire & Flower Holdings holds $81.4M in cash against $527.2M in total debt, giving it approximately 14.7 months of operating runway. The price-to-sales ratio of 5.12x and enterprise value-to-revenue of 1.77x 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 Fire & Flower Holdings to other cannabis investments, consider the company's sector (Licensed Producer (LP)), geographic focus (Canada), and stage of growth. As a large-cap cannabis company, Fire & Flower Holdings offers relatively more stability but may have less upside than smaller, earlier-stage operators. 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 — Fire & Flower Holdings's current dilution rate is 16.5% 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 FFLWF With Peers

Peer Comparison

CompanyPriceChange %Mkt CapRevenueMarginP/S
FFLWF$54.64+5.50%$1.75B$1.06B-1.4%5.12
CRON$2.58-0.39%$990.3M$146.6M42.8%6.91
TLRY$6.01-1.04%$729.3M$858.3M27.7%0.92
CGC$1.09-0.45%$423.8M$278.4M25.8%1.64
SNDL$1.32-1.12%$347.4M$00.0%0.00
VFF$2.79+0.18%$321.7M$253.3M33.5%1.32

Related LP Stocks

Frequently Asked Questions

What is Fire & Flower Holdings's (FFLWF) stock price today?

Fire & Flower Holdings (FFLWF) stock is currently trading at $54.64 per share on the OTC exchange. This represents a daily gain of +5.50% ($2.85) from the previous closing price of $51.79. Over the past 52 weeks, FFLWF has traded between a low of $22.11 and a high of $98.25, placing the current price at approximately -44% from its annual high. The stock has a market capitalization of $1.75B, making it one of the larger cannabis companies tracked by Cannabismarketcap. Fire & Flower Holdings operates in the LP sector, serving the broader cannabis industry.

What is Fire & Flower Holdings's market capitalization?

Fire & Flower Holdings (FFLWF) has a current market capitalization of $1.75B, calculated by multiplying its 32.0M shares outstanding by the current stock price of $54.64. Market capitalization is a key measure of a company's total equity value as perceived by the public market, and it places Fire & Flower Holdings among the large-cap cannabis companies tracked on Cannabismarketcap. For context, the enterprise value (market cap plus debt minus cash) stands at $2.20B, 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 Fire & Flower Holdings profitable?

Fire & Flower Holdings (FFLWF) currently reports a gross margin of -1.4%, which means the company loses 1.4 cents of every revenue dollar after direct costs of goods sold. On trailing twelve month revenue of $1.06B, this translates to an estimated gross profit of approximately -$14.9M. 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 Fire & Flower Holdings's financial health.

What is Fire & Flower Holdings's annual revenue?

Fire & Flower Holdings (FFLWF) reports trailing twelve month (TTM) revenue of $1.06B, reflecting the total sales generated by the company over the most recent four quarters. Revenue has changed +10.70% year-over-year, indicating growth momentum relative to the prior period. The current price-to-sales ratio is 5.12x, which means investors are paying $5.12 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 Fire & Flower Holdings's key financial metrics?

Fire & Flower Holdings (FFLWF) reports several important financial metrics that investors track closely. The company has a market capitalization of $1.75B, trailing twelve month revenue of $1.06B, and a gross margin of -1.4%. On the balance sheet, Fire & Flower Holdings holds $81.4M in cash and equivalents against $527.2M in total debt, resulting in a debt-to-market-cap ratio of 0.30x. The price-to-sales ratio stands at 5.12x, while the enterprise value to revenue multiple is 1.77x. With 32.0M shares outstanding and a dilution rate of 16.5%, investors should consider both the fundamental financial performance and share structure when evaluating FFLWF.

How many employees does Fire & Flower Holdings have?

Fire & Flower Holdings currently employs approximately 2,146 people across its operations. As a LP cannabis company headquartered in Canada, its workforce supports activities spanning related business functions. Based on trailing twelve month revenue of $1.06B, this equates to approximately $494.4K 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 FFLWF listed on?

Fire & Flower Holdings trades under the ticker symbol FFLWF 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 28.5M shares, which is an important consideration for liquidity and the ability to enter or exit positions without significant price impact.

What sector is Fire & Flower Holdings in?

Fire & Flower Holdings is classified as a LP company within the cannabis industry, meaning it is a licensed producer of cannabis, typically operating under a national framework for cultivation and distribution. The LP 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 FFLWF with other LP stocks on Cannabismarketcap's sector page to see how it ranks on metrics like market cap, revenue, and margins.

What is Fire & Flower Holdings's gross margin?

Fire & Flower Holdings (FFLWF) has a gross margin of -1.4%, which represents the percentage of revenue the company retains after paying for the direct cost of goods sold. On trailing twelve month revenue of $1.06B, this translates to an estimated gross profit of approximately -$14.9M. 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 negative gross margin like Fire & Flower Holdings's suggests the company is facing challenges in cost management or pricing.

How does FFLWF compare to other cannabis stocks?

You can compare Fire & Flower Holdings (FFLWF) side-by-side with any cannabis stock on Cannabismarketcap using the dedicated comparison tool. Key comparison metrics include market cap ($1.75B), trailing twelve month revenue ($1.06B), gross margin (-1.4%), and price-to-sales ratio (5.12x). Fire & Flower Holdings sits in the LP sector, so the most relevant peer comparisons would be against other LP companies, though cross-sector comparisons can also reveal interesting insights about relative valuation. Visit the rankings page to see where FFLWF stands across all cannabis companies on metrics like revenue growth (+10.70% YoY), cash position ($81.4M), and employee count (2,146).

What is FFLWF's 52-week trading range?

Fire & Flower Holdings (FFLWF) has traded between a 52-week low of $22.11 and a 52-week high of $98.25, with the current price of $54.64 sitting approximately -44% from the annual high. This range represents a spread of $76.14 (344% 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 Fire & Flower Holdings's valuation compare to cannabis industry peers?

Fire & Flower Holdings (FFLWF) is valued at a market capitalization of $1.75B with a price-to-sales ratio of 5.12x, and an enterprise value of $2.20B. The EV/Revenue multiple of 1.77x 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. Fire & Flower Holdings's positive revenue growth of +10.70% YoY may justify a premium relative to slower-growing peers. Investors can use the Cannabismarketcap rankings and comparison tools to benchmark FFLWF against specific competitors on valuation multiples, growth rates, and profitability.

What is Fire & Flower Holdings's enterprise value?

Fire & Flower Holdings (FFLWF) has an estimated enterprise value (EV) of $2.20B, which is calculated by taking the market capitalization of $1.75B, adding total debt of $527.2M, and subtracting cash and equivalents of $81.4M. 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 1.77x 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 Fire & Flower Holdings stock overvalued or undervalued?

Determining whether Fire & Flower Holdings (FFLWF) is overvalued or undervalued requires analyzing multiple valuation metrics in context. The current price-to-sales ratio of 5.12x is moderate for the cannabis sector, suggesting the market is pricing in some growth expectations. The stock is currently trading at $54.64, which is -44% from its 52-week high of $98.25, with a gross margin of -1.4% and revenue growth of +10.70% YoY. Investors should consider the company's enterprise value of $2.20B, its cash position of $81.4M, 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 Fire & Flower Holdings?

Investing in Fire & Flower Holdings (FFLWF) 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, Fire & Flower Holdings's balance sheet shows $527.2M in total debt against $81.4M in cash, with an estimated cash runway of approximately 15 months at the current burn rate, which investors should monitor for dilution risk or liquidity concerns. The company has a share dilution rate of 16.5%, 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 $22.11 to $98.25, 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 Fire & Flower Holdings's cash position and debt level?

Fire & Flower Holdings (FFLWF) holds $81.4M in cash and equivalents on its balance sheet, set against $527.2M in total debt. This gives the company a net debt position of $445.8M. At the current rate of cash usage, the company has an estimated cash runway of approximately 15 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 Fire & Flower Holdings have?

Fire & Flower Holdings (FFLWF) currently has 32.0M shares outstanding, which when multiplied by the current stock price of $54.64 gives the company its market capitalization of $1.75B. The share count has been growing at a rate of 16.5% — 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 Fire & Flower Holdings pay a dividend?

Most cannabis companies, including Fire & Flower Holdings (FFLWF), 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 Fire & Flower Holdings initiates a dividend in the future, it would be reported in their SEC filings and reflected on Cannabismarketcap.

How can I research Fire & Flower Holdings stock before investing?

To research Fire & Flower Holdings (FFLWF) before investing, start with the company overview on Cannabismarketcap, which provides current price ($54.64), market cap ($1.75B), 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 FFLWF 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 Fire & Flower Holdings's market cap of $1.75B mean?

Fire & Flower Holdings's market capitalization of $1.75B represents the total market value of all its outstanding shares (32.0M shares multiplied by the current stock price of $54.64). Market cap is the primary measure investors use to classify companies by size: large-cap companies (over $1B) like Fire & Flower Holdings are generally considered more established with greater liquidity. 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. Fire & Flower Holdings currently ranks # among cannabis stocks tracked on Cannabismarketcap.

What regulatory risks does Fire & Flower Holdings face?

Fire & Flower Holdings (FFLWF), 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. As a licensed producer, Fire & Flower Holdings operates under national cannabis frameworks that can change with new government policy, affecting production quotas, export capabilities, and market access. 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.

Fire & Flower Holdings (FFLWF) is a lp cannabis company listed on the OTC exchange, headquartered in Canada. With a market capitalization of $1.75B, Fire & Flower Holdings ranks #0 among all 94 publicly traded cannabis companies tracked on Cannabismarketcap. The stock is currently trading at $54.64, representing a gain of +5.50% today on volume of 28.5M shares. For real-time price tracking and analysis, see our FFLWF news page and financial statements.

Investors researching FFLWF can access detailed financial data including revenue, margins, and balance sheet metrics. The company reported $1.06B in trailing twelve-month revenue with a gross margin of -1.4% and year-over-year revenue growth of +10.70%. For broader market context, explore the LP 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 Fire & Flower Holdings head-to-head with other cannabis stocks using our comparison tool. Popular comparisons include FFLWF vs CRON, FFLWF vs TLRY, and FFLWF vs CGC. Track FFLWF 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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