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Bhang Inc. (C:BHNG)

Business Focus: Recreational Pharmaceuticals

Sector:  Healthcare Industry:  Pharmaceuticals
 
Company Contact
Address: 66 Wellington Street West, Suite 4100
TORONTO ON M5K 1B7
Tel: N/A
Website: https://bhangnation.com
IR: See website
Key People
Jamie LaRee Pearson
President, Chief Executive Officer, Chief Operating Officer, Secretary, Director
Stephen M. Gledhill
Chief Financial Officer, Director
Samantha Collins
Chief Marketing Officer
Business Overview
Bhang Inc. is a Canada-based consumer packaged goods company. The Company's products include Milk Chocolate, Ice Milk Chocolate, Caramel Mocha Milk Chocolate, Cherries & Cream Milk Chocolate, Caramel Dark Chocolate, Dark Chocolate, Fire Dark Chocolate, Blueberry Dark Chocolate, Fried Chicken & Cola Dark Chocolate, Toffee & Salt Dark Chocolate, Italian Espresso Dark Chocolate, Cookies & Cream White Chocolate, White Toast White Chocolate, and Bhang High Roller: Fig Bar. The Company's subsidiaries include Bhang Canada Corp., 2838301 Ontario Inc., Bhang Corporation, CB Brands, LLC, Founding Fathers' Hemp Company and Euro Brand IP Holdings, LLC.
Financial Overview
For the nine months ended 30 September 2022, Bhang Inc revenues increased 15% to $1M. Net loss increased 100% to $2.7M. Revenues reflect Licensing increase of 20% to $978K. Higher net loss reflects Share-based compensation increase from $142K to $1.1M (expense), Wages and salaries increase from $476K to $1M (expense), G/L on Invest HFS, Maturity & Tradi increase from $59K to $282K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $3.64M as of Sep 30, 2022
Annual revenue (TTM): $1.90M as of Sep 30, 2022
EBITDA (TTM): -$5.37M as of Sep 30, 2022
Net annual income (TTM): -$6.33M as of Sep 30, 2022
Free cash flow (TTM): -$2.73M as of Sep 30, 2022
Net Debt Last Fiscal Year: $0.02M as of Sep 30, 2022
Shares outstanding: 264,382,250 as of May 5, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization