LOVFF (Cannara Biotech) Tax Rate %: 29.54% (As of May. 2026)

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LOVFF Cannara Biotech Inc LOVFF
82 GF Score
Price $1.36
GF Value $1.19
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Cannara Biotech Tax Rate %?

Cannara Biotech LOVFF -1.02% 82 Tax Rate % is 29.54% as of May. 2026. GuruFocus rates LOVFF with a GF Score™ of 82/100 and a GF Value™ of $1.19 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cannara Biotech's Tax Expense for the three months ended in May. 2026 was $1.48 Mil. Cannara Biotech's Pre-Tax Income for the three months ended in May. 2026 was $5.01 Mil. Therefore, Cannara Biotech's Tax Rate % for the quarter that ended in May. 2026 was 29.54%.

Cannara Biotech Tax Rate % Related Terms

Cannara Biotech Tax Rate % Historical Data

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The historical data trend for Cannara Biotech's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cannara Biotech Tax Rate % Chart

Cannara Biotech Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Tax Rate %
Get a 7-Day Free Trial 0.00 0.00 0.00 -43.61 27.74

Cannara Biotech Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.49 27.01 49.04 41.05 29.54
LOVFF
82GF Score
Cannara Biotech Inc LOVFF
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Cannara Biotech Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Cannara Biotech's Tax Rate % for the fiscal year that ended in Aug. 2025 is calculated as

Tax Rate %=Tax Expense (A: Aug. 2025 )/Pre-Tax Income (A: Aug. 2025 )
=3.639/13.117
=27.74 %

Cannara Biotech's Tax Rate % for the quarter that ended in May. 2026 is calculated as

Tax Rate %=Tax Expense (Q: May. 2026 )/Pre-Tax Income (Q: May. 2026 )
=1.48/5.011
=29.54 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 29.54% mean?
Cannara Biotech (LOVFF) has a Tax Rate % of 29.54% as of May. 2026.
Is Cannara Biotech's Tax Rate % too high?
Cannara Biotech's current Tax Rate % is 29.54%. Overall, Cannara Biotech has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cannara Biotech's Tax Rate % compare to ZTS and UTHR?
Cannara Biotech's Tax Rate % of 29.54% can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Drug Manufacturers company?
A good Tax Rate % depends on the Drug Manufacturers industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Cannara Biotech's current Tax Rate % is 29.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cannara Biotech stock overvalued right now?
Based on GuruFocus' analysis, Cannara Biotech (LOVFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.19, compared to a current price of $1.36 — trading 14.6% above its estimated fair value. The current Tax Rate % is 29.54%. Cannara Biotech's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Cannara Biotech (LOVFF), the current Tax Rate % is 29.54% as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cannara Biotech (LOVFF) Overvalued in 2026?

Based on GuruFocus' analysis, Cannara Biotech stock appears to be overvalued. The current stock price of $1.36 is trading 14.6% above its estimated GF Value™ of $1.19. GuruFocus considers Cannara Biotech to be Modestly Overvalued.

Key valuation signals for LOVFF:

  • Tax Rate %: 29.54%
  • GF Value™: $1.19 vs. price of $1.36 (14.6% above fair value)
  • GF Score™: 82/100 with 6 warning signs

No single metric tells the full story. See the LOVFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cannara Biotech Business Description

Other Exchanges 8CB0:GermanyLOVE:Canada
Address 1055 West Georgia Street, Suite 2050, Vancouver, BC, CAN, V6E 3P3
Cannara Biotech Inc is a vertically integrated producer of premium-grade cannabis and cannabis-derivative products for Canadian markets. The company owns two mega Quebec-based facilities. The company operates in in two segments; Indoor cannabis operations segment which includes the cultivation, processing and sale of dried cannabis and cannabis derivatives for the Canadian market and the Real estate operations segment related to the Farnham and Valleyfield building. Majority of the revenue for the company is generated from its Cannabis operations segment. .
82GF Score

Get the complete analysis for LOVFF

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.36
Price
$1.19
GF Value