CNO.V - A Canadian Innovation Story
▲ 29 r/Baystreetbets+1 crossposts

CNO.V - A Canadian Innovation Story

Posting here about a company that I think is overlooked as a potential Canadian 10x stock - Cal Nano. I will not BS you - here is my overview of both the good and the bad about this company, from all my research. Please also tell me if I am missing anything or if you disagree about my reasoning. I love to learn, and debate is often the best way to arrive at the truth.

The Good

-Nanomaterials market is projected to grow at an CAGR of 15% a year (see this report: https://www.grandviewresearch.com/industry-analysis/nanotechnology-and-nanomaterials-market)
-the company has gone through 2 rough years, but just reported a profitable EBIDTA in the most recent quarter
-there is no insider selling, and there is significant insider buying
-the company has a significant moat, due to being the only commercial provider of SPS and Cryomilling in North America
-they have commercial contracts with major industries like Defence (see October 3, 2025 press release re Military Brakes contract) and Nuclear (see the nuclear growth mentioned in the FY 2026 press release yesterday).
-the company is based in the US, but listed in Canada. This means they are saving a mountain on NASDAQ and SEC fees.
-they report their earnings in USD, and with the USD/CAD FX being where it is right now, the stock is trading at a significant discount
-recently became debt free
-Trading View just gave it a price target of 1.03 (https://www.tradingview.com/symbols/TSXV-CNO/forecast-price-target/)

The Bad
-micro (nano?) cap, and is only just beginning to return to profitability
-the largest jump in stock price seen in June 2024 is due to their green steel customer, who was responsible for the lions share of the company’s revenue and profit during those last 2 years. Back then, the company was trading at a crisp 15ish P/E, before the spike. That green steel customer decided not to proceed with commercial production, and since then management has worked to diversify the revenue across different customers.
-recently diluted equity in an offering (but I note that insiders participated in the offering to maintain their share. Again, insiders are buying and holding)
-because they are listed in Canada, they don’t have access to the firehose of capital that goes into US public companies (however, that also means they are trading at a significant discount, and once they grow and pursue a NASDAQ listing, the stock price would skyrocket).

Why Cal Nano is at the helm of major trends

-since Covid, we are living in a shortage of everything. Memory, critical minerals, housing, toilet paper, energy, oil, you name it. Supply shocks are the name of the game across every market.
-When there are shortages, businesses are forced to innovate, and come up with different ways to obtain comparable goods.
-Advances in nanomaterials are one avenue of such innovation, with materials science rapidly adopting Cal Nano’s two key technologies - Cryomilling and SPS
-additionally, quantum computing is rapidly becoming more feasible, and again, a key area where quantum computing is projected to create value is in pharma and Nanomaterials (as per this report: https://postquantum.com/quantum-utility-map/quantum-computing-2033-industries/#what-2-000-logical-qubits-can-actually-do)
-as AI power demand ramps up, nuclear and fusion are also rising in use, and these industries rely on advanced materials (see the nuclear control rods press release dated Nov 5, 2025).
-finally, the US is quickly becoming protectionist and demanding that local US-based suppliers are the sources for their homeland defence sectors. This sets Cal Nano apart, because they are based in the US (see their press release dated October 3, 2025 re the contract for military brakes)

u/LectureLight6738 — 6 days ago

Is dating even worth it anymore?

I’ve (33M) struggled for so long to find a partner, and it seems that all the people in relationships are miserable anyway, living out a version of themselves that’s tailored and neutered by the other person. Genuinely asking - in the 21st century western world, where individualism is the journey and the destination, where we’ve made it into an art form - is dating even worth it?

reddit.com
u/LectureLight6738 — 11 days ago

How many of the SPCX posts are real?

Given the trajectory of the stock so far, (to the moon, and back to earth - like a reusable rocket) every investing thread on Reddit is filled with every flavour of moron posting “Y SpaceX crash tho?”

I don’t think any of these are real, but curious to get your thoughts. My reasons:

  1. Everyone KNEW SpaceX was garbage. There was a wealth of high-quality analysis online about the crazy valuation.
  2. Even if they didn’t know, the people posting have a Reddit account. Anyone with a Reddit account saw this coming because their feed was FLOODED with information about why SpaceX was garbage.
  3. Even if they didn’t see it coming, they wouldn’t be posting about it now. Again, anyone with a Reddit account would know that Reddit users won’t validate them.

What I think is actually going on: we live in an attention economy. If people are talking about SpaceX, they aren’t talking about other stocks. It’s the 🥭 tactic circa 2016 - all publicity is good publicity. As long as they keep talking about you and not the other candidates, you win.

Curious to get your thoughts.

reddit.com
u/LectureLight6738 — 13 days ago

How many SPCX posts are genuine?

Given the trajectory of the stock so far, (to the moon, and back to earth - reusable rocket) every investing thread on Reddit is filled with every flavour of moron posting “Y SpaceX crash tho?”

I don’t think any of these are real, but curious to get your thoughts. My reasons:

  1. Everyone KNEW SpaceX was garbage. There was a wealth of high-quality analysis online about the crazy valuation.
  2. Even if they didn’t know, the people posting have a Reddit account. Anyone with a Reddit account saw this coming because their feed was FLOODED with information about why SpaceX was garbage.
  3. Even if they didn’t see it coming, they wouldn’t be posting about it now. Again, anyone with a Reddit account would know that Reddit users won’t validate them.

What I think is actually going on: we live in an attention economy. If people are talking about SpaceX, they aren’t talking about MU, HQ, UMAC, etc. it’s the 🥭 tactic - all publicity is good publicity.

Curious to get your thoughts.

reddit.com
u/LectureLight6738 — 13 days ago

DO YOU LOVE ME NOW DAD

Something inspirational about owing my success to my hamster, idk.

Also, the position is in CAD, not USD. So less impressive. But, our rupees do go farther here, so it’s not all bad.

u/LectureLight6738 — 17 days ago
▲ 337 r/fican

What’s the ROI on a spouse?

Hey everyone, wanted to get your thoughts on an investment opportunity that often gets overlooked - finding a partner.

As far as I can see, the upfront investment of time and money is significant, but if you end up in an ITM (in the marriage) position, you can effectively double your income. You can also benefit from your spouse’s dental and eye care plans, cutting down on costs. Finally, there are lots of efficiencies in sharing housework.

Wanted to get your thoughts on the probabilities - what’s the payout probability given the capital and time investment? Is there a significant difference in the man vs woman scenario, given the numbers (women initiate 66% of divorces, and typically walk away from a divorce in profit)? What about the gays?

Also, how decent of a hedging tool is having kids? I know that traditionally, kids can provide a good source of additional income after retirement using the “guilt” method. But nowadays, the payoff seems rather small, and if anything, the yield curve has inverted since a good number now live at home after 30.

Edit: I also forgot to mention that the market makers (dating apps) have been engaging in some absolutely insane gouging. Curious to get your thoughts - can that last?

reddit.com
u/LectureLight6738 — 18 days ago

Daily Reminder that SPCE is Virgin Galactic, not SpaceX

For all the new folks out there. Don’t listen to the bot spam. You can literally see the bots replying twice to the same exact comment in the exact same way. This is a pump and dump.

u/LectureLight6738 — 25 days ago
▲ 80 r/fican

33M - Why do I feel poor?

I have a good job (making 125k pre-tax). Currently my partner doesn’t work due to some recent layoffs. No kids, no car, no crazy expenses. Rent is 2,200 in downtown Van.

By all measures, I should be feeling relatively rich. My stock portfolio has surged from 120k to nearly 300k in the past year, mostly due to some lucky call options, and I am still managing to save and put away a large portion of my salary despite being in a one income household.

But reading all these posts about “28M, make 175k after tax” makes me feel poor and behind. Are people lying (how the fuck does a 28 year old make 175k after tax)? Is it selection bias? Is it just a spending issue — I’m not spending on experiences that resemble being “wealthy” in my mind, so it doesn’t “feel” like it? If it’s the latter, then I need to reframe my thinking.

Or, is it simply that six figures in CAD is just not a good salary anymore? All my friends (generally successful) make at least 150k pre-tax in fields like finance, law, tech.

reddit.com
u/LectureLight6738 — 27 days ago

Time for the Institutions to Make the $$$

Nothing new under the sun. Retail panic sells, institutional scoops up the rubble afterwards and goes off to the Bahamas.

To all the folks new to the markets — if you panic sold today, you’re not cut out for this game.

u/LectureLight6738 — 1 month ago

How do I short my dad? (Pigeonmaxxing)

I was talking to my dad today, who’s in iBanking. I asked him about the pigeon indicator and whether pigeon shit is considered a bearish signal. He got all defensive and explained that he doesn’t think pigeons can predict the markets. Something about negativity bias yada yada… I stopped listening.

Point is, he and the entire iBanking industry is out of touch with reality. I mean, you could literally see SPY graph fall down in the same trajectory as the pigeon shit at 10:15 yesterday. I think his over bloated industry will collapse imminently and I want to capitalize on this. How do I short my dad (and iBanking)?

reddit.com
u/LectureLight6738 — 2 months ago

Why is VECO exhibiting price bumps?

VECO is exhibiting strange price increases over the past month. One was tied to an announcement (May 6) but the other one seems to have come out of nowhere (Apr 20). Can someone smart please explain this activity? Is this institutional moves, frontrunning, retail hype?

reddit.com
u/LectureLight6738 — 2 months ago
▲ 42 r/fican

WS Credit Card - Why Wait to Redeem cash back?

Hi everyone,

I have a WS credit card, and it provides 2% cash back that you can “redeem” into your chequing account from the app. Is there any reason why this has to be done manually, instead of automatically accruing to your chequing account? Is this just a “hidden” interest deferral charge WS snuck in, or is there some benefit to cashing out later?

u/LectureLight6738 — 2 months ago

Why is there so much hype around DRAM?

I get that the projected earnings put all of MU, Hynix and Samsung into single-digit territory. But that’s just one year into the future, as far as I’m aware. What’s the reason BATS: DRAM is flying up as if demand for RAM will stay high? Especially now that DeepSeek has come out with a new way to reduce LLM RAM use. Explain your bull case.

reddit.com
u/LectureLight6738 — 2 months ago

Can someone explain warrant trading?

A buddy of mine is very bullish on these companies. He sent me a screenshot of his position a while back (seems crazy). He is trading warrants rather than the underlying shares, which is not something I’ve encountered before.

Can someone please explain the benefits of trading warrants? Is there a specific TFSA benefit for doing so? Also, what are your thoughts on these companies (MTEK and HPAI)? The shares seem reasonably priced, and in emerging industries. Could be worth throwing some YOLO money into.

u/LectureLight6738 — 2 months ago