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Ayurcann Holdings Corp. (C:AYUR)

Business Focus: Agriculture Support Services

Sector:  Consumer Non-Cyclicals Industry:  Fishing & Farming
 
Company Contact
Address: 1080 Brock Street, Suite 6
PICKERING ON L1W 3H3
Tel: N/A
Website: https://ayurcann.com
IR: See website
Key People
N/A    
Business Overview
Ayurcann Holdings Corp. is a Canada-based post-harvest cannabis product manufacturer. The Company is specialized in the process of formulation, packaging, distribution and product development of cannabis products. The Company's principal business activity consists of providing post-harvest outsourcing solutions to licensed cannabis producers. The Company's brands include Fuego, H&S, and Xplor. Fuego offers various products, including Vapes Infused, Sunny Daze, Night Rider and Tropic Haze. Xplor's products include Vapes, Hippie Classics and Funky Monkey. H&S offers two products, including Dragon's Breath and Pirate Potion.
Financial Overview
For the six months ended 31 December 2023, Ayurcann Holdings Corp revenues increased from C$5.1M to C$12.3M. Net loss decreased 16% to C$952K. Revenues reflect Product sales (B2C) increase from C$7.1M to C$22.4M. Lower net loss reflects Amortization of intangible assets decrease of 21% to C$138K (expense), Consulting fees decrease of 18% to C$123K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $4.08M as of Dec 31, 2023
Annual revenue (TTM): $19.64M as of Dec 31, 2023
EBITDA (TTM): -$3.86M as of Dec 31, 2023
Net annual income (TTM): -$5.16M as of Dec 31, 2023
Free cash flow (TTM): $1.22M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 194,703,863 as of Jan 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization