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Upturn AI SWOT - About
Canna Global Acquisition Corp (CNGL)
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Upturn Advisory Summary
09/12/2025: CNGL (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -3.37% | Avg. Invested days 54 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/12/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 59.13M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta -0.06 | 52 Weeks Range 10.00 - 11.49 | Updated Date 06/29/2025 |
52 Weeks Range 10.00 - 11.49 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.01 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -4.28% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 93222548 | Price to Sales(TTM) - |
Enterprise Value 93222548 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -51.52 | Shares Outstanding 2696660 | Shares Floating 1095459 |
Shares Outstanding 2696660 | Shares Floating 1095459 | ||
Percent Insiders 40.68 | Percent Institutions 30.44 |
Upturn AI SWOT
Canna Global Acquisition Corp
Company Overview
History and Background
Canna Global Acquisition Corp is a blank check company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It was focused on the cannabis industry. Note: This SPAC liquidated and ceased operations, so the following data is based on its past activity.
Core Business Areas
- SPAC Formation: The company's primary activity was identifying and acquiring a target business in the cannabis industry through a merger or acquisition. Since it liquidated, this business area is now defunct.
Leadership and Structure
As a SPAC, leadership typically consisted of a management team with experience in finance and the cannabis industry. The structure would have been a board of directors and a management team focused on identifying and executing a merger.
Top Products and Market Share
Key Offerings
- SPAC IPO: The initial public offering (IPO) itself was the first 'product'. The success depended on investor confidence. Competitors included other SPACs targeting the cannabis sector.
Market Dynamics
Industry Overview
The cannabis industry at the time Canna Global Acquisition Corp was active was characterized by rapid growth, evolving regulations, and increasing competition. Note: The industry is currently in turmoil due to many factors including high interest rates
Positioning
Canna Global Acquisition Corp aimed to capitalize on the growing cannabis market by acquiring a promising business. It intended to provide the acquired company with capital and access to public markets.
Total Addressable Market (TAM)
The total addressable market for cannabis was potentially significant, but Canna Global Acquisition Corp's success depended on its ability to identify and acquire a high-quality target company. Note: Total market value in 2024 is 37.43 billion U.S. dollars and is projected to reach 126.7 billion U.S. dollars by 2030. CGAC did not take advantage of it's TAM.
Upturn SWOT Analysis
Strengths
- Access to capital through IPO
- Experienced management team (hypothetically)
- Focus on a high-growth industry (cannabis)
Weaknesses
- Limited operating history
- Reliance on identifying and acquiring a suitable target
- SPAC structure created pressure to complete a deal
Opportunities
- Acquire a leading cannabis company
- Benefit from industry consolidation
- Capitalize on evolving regulations
Threats
- Failure to identify a suitable target
- Increased competition from other SPACs
- Regulatory changes in the cannabis industry
- Market downturn impacting SPAC valuations
Competitors and Market Share
Key Competitors
Competitive Landscape
Canna Global Acquisition Corp competed with other SPACs and traditional private equity firms seeking to invest in the cannabis industry. The competitive landscape was intense, with numerous SPACs vying for attractive targets.
Growth Trajectory and Initiatives
Historical Growth: Growth was entirely dependent on completing a successful acquisition.
Future Projections: No future projections are applicable due to liquidation.
Recent Initiatives: The most recent initiatives were attempts to find an acquisition target prior to liquidation.
Summary
Canna Global Acquisition Corp was a special purpose acquisition company (SPAC) focused on the cannabis industry. It aimed to acquire a business and bring it public, but ultimately failed to find a suitable target and liquidated. The company's success depended on its ability to identify and complete a merger, facing intense competition and regulatory uncertainties. Its liquidation underscores the risks inherent in SPAC investing and the challenges within the cannabis industry. It was a weak company as it did not complete the merger, however, this was a very competitive industry.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings for Canna Global Acquisition Corp
- Industry reports on the cannabis market
- Information on SPACs and their performance
Disclaimers:
The analysis provided is based on available information and historical data. The performance of Canna Global Acquisition Corp (prior to liquidation) and the cannabis industry are subject to change. This analysis is not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Canna Global Acquisition Corp
Exchange NYSE | Headquaters Marina Del Rey, CA, United States | ||
IPO Launch date 2022-01-21 | CEO & Director Mr. J. Gerald Combs | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website |
Full time employees - | Website | ||
Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to identify and acquire a business that focuses on the natural resources industry comprising oil and gas sectors. The company was incorporated in 2021 and is based in Marina Del Rey, California.
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