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Blueberries Medical Corp. (C:BBM)

Business Focus: Cannabis Product Retailers

Sector:  Consumer Non-Cyclicals Industry:  Drug Retailers
 
Company Contact
Address: 82 Richmond Street East
TORONTO ON M5C 1P1
Tel: N/A
Website: https://www.blueberriesmed.com
IR: See website
Key People
N/A    
Business Overview
Blueberries Medical Corp. is a Canada-based company, which is a licensed producer of psychoactive and non-psychoactive cannabis by-products in Colombia. The Company is engaged in the growth, cultivation, and development of medicinal cannabis and related products with operations in Colombia. The Company is focused on processing and supplying medicinal-grade Cannabis oil extracts, medical flowers, and related products. It is developing and commercializing a range of cannabis-derived ingredients, including high and low tetrahydrocannabinol (THC), cannabidiol (CBD), and other cannabinoids. The Company's subsidiaries include Blueberries Research Corporation (BRC), Blueberries SAS (BBSAS), Centro De Desarrollo e Investigacion (CDIBBSAS), BBV Labs Inc. (BBV Labs.) and SATIN S.A.S. (SATIN). Blueberries SAS is a licensed producer and distributor of medicinal Cannabis and Cannabis-derived products in Colombia.
Financial Overview
For the nine months ended 30 September 2023, Blueberries Medical Corp revenues increased 28% to C$229K. Net loss decreased 15% to C$1.3M. Revenues reflect Colombia segment increase of 58% to C$229K. Lower net loss reflects Depreciation and amortization decrease of 62% to C$115K (expense), Salary and benefits decrease of 46% to C$202K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $9.90M as of Sep 30, 2023
Annual revenue (TTM): $0.29M as of Sep 30, 2023
EBITDA (TTM): -$1.13M as of Sep 30, 2023
Net annual income (TTM): -$1.25M as of Sep 30, 2023
Free cash flow (TTM): -$1.37M as of Sep 30, 2023
Net Debt Last Fiscal Year: $1.01M as of Sep 30, 2023
Shares outstanding: 399,025,152 as of Dec 29, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization