Mercanto Holdings Inc

MUSH.V

Not Compliant
Exchange
Sector
Headquarters
Group
TSX
Consumer Non-Cyclicals
Canada
Micro cap

Mercanto Holdings Inc is not Shariah Compliant because of its involvement in Cannabis and related activities.

-

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
0
$0.00
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-9.47%
1.24%
1.04%
1.02
1.61
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
0.32%
✓
Non-Compliant Assets
✓
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
0.15%
✓
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
0.13%
✓
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
0.72%
✓
Cash
12.98%
✓
Cash & AR
68.92%
✗
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
0.72%
✓
Cash
12.98%
✓
Cash & AR
68.92%
✗
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Mercanto Holdings Inc., formerly The Good Shroom Co Inc., is a Canada-based cannabis and wellness company. The Company operates a portfolio of brands, which include traditional cannabis and beverage products. The Company specializes in creating and wellness products, including probiotics, functional mushrooms and cannabis. Its brand portfolio includes Dyp, Deckies, Velada, Teonan, Nordique Royale, OG Jerk, Le P’tit Snack, and Sainte-Loud. Velada CBD capsules help reduce inflammation and stress and are made from pure CBD isolate. Le P’tit Snack elevates customers wellness routines with CBD and THC-infused snacks. Teonan offers instant beverages infused with functional mushrooms and probiotics, supporting immunity and overall wellness. OG Jerk offers beef jerky with a kick, featuring the only THC-infused beef jerky in Canada. Only available through government authorized retailers. Nordique Royale delivers quality hash and hash infusions to Quebecers at fair prices.

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