Added to YB: 2026-09-01
Pitch date: 2026-08-31
ZSTK [bearish]
ZeroStack Corp.
Author Info
Fugazi Research exposes inflated valuations built on illusion — not substance. We dissect the narratives, trace the incentives, and reveal who’s really cashing in. In a market full of noise, we show what’s real behind the fugazi. Sign up for the newsletter.
Company Info
ZeroStack Corp., through its subsidiary, Phatebo GmbH, engages in the pharmaceutical distribution business in Germany.
Market Cap
$94.6M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.59
P/E
-0.23
EV/Sales
2.37
Sector
Health Care Providers and Services
Category
value
ZSTK: Fake Cannabis Utopia to Worthless Meme Coin Buffoonery
ZSTK (short): ZeroStack is a former cannabis company recast as a decentralized-AI token treasury, but its 75.1M 0G tokens fell from a $163.4M cost basis to $15.2M of fair value by June 2026. Six-month net loss was $61.3M, cash was $2.6M and management disclosed going-concern doubt; it then pursued a larger second token deal as shares outstanding surged from roughly 2.4M to 21.8M. The thesis values the equity at effectively zero.
Read full article (18 min)