Added to YB: 2025-05-23
Pitch date: 2025-05-21
PRME.CN [bearish]
Prime Drink Group Corp.
+60%
current return
Author Info
No bio for this author
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Company Info
Prime Drink Group Corp., together with its subsidiaries, develops and acquires spring water sources in Canada.
Market Cap
CAD 18.6M
Pitch Price
CAD 0.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.87
P/E
-0.44
EV/Sales
101.79
Sector
Beverages
Category
turnaround
Show full summary:
Olivier Primeau Prime Drink Group: Built on Hype, Not Cash Flow
PRME.CN short: Avoid this beverage co. Revenue down 43% to $16M, losses ballooned to $12M. Poor acquisitions (Triani at 2.5x EBITDA now in receivership w/$54M debt), excessive dilution (shares +145% since 2024), related party deals. Water rights (3.35B liters) potential savior but depends on regulatory changes. Mgmt lacks public co experience.
Read full article (5 min)