Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Blender Bites Limited (C:BITE)

Business Focus: Fruit & Vegetable Processing

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
Company Contact
Address: #800 - 1199 West Hastings Street
Tel: N/A
IR: See website
Key People
Business Overview
Blender Bites Limited is a Canadian company focused on the development and sale of premium frozen beverage products. The Company operates through the sale of frozen smoothie products segment. The Company's offer products which are organic, vegan, non-genetically modified organisms (GMO), gluten free, dairy free and soy free. It contains ingredients such as whole food vitamins, collagen, and probiotics. The Company's brands 1-Step Smoothies and 1-Step Frappes are distributed across Canada and the United States. Its Smoothies include Power Berry, Green D-Tox, Daily Defen-C, Liquid Sunshine, And Tropical Glow. It offers Frappes, such as Mindful Mocha, Caramel Collagen, and Vanilla Bean-Bio. The Company through its subsidiary, Advanced Sports Nutrition Inc., holds intellectual property rights to the scientific data and discoveries derived from a human clinical trial on the optimal dosage of cannabidiol (CBD) for athletic recovery.
Financial Overview
For the nine months ended 31 July 2023, Blender Bites Ltd revenues decreased 38% to C$1.9M. Net loss increased 86% to C$6.9M. Revenues reflect Sale of frozen smoothie products segment decrease of 18% to C$1.9M. Higher net loss reflects Sale of frozen smoothie products segment loss increase from C$2.3M to C$6.9M. Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.96 to -C$1.31.
Reporting Currency: Canadian Dollars
Enterprise value: $14.61M as of Jul 31, 2023
Annual revenue (TTM): $2.65M as of Jul 31, 2023
EBITDA (TTM): -$7.72M as of Jul 31, 2023
Net annual income (TTM): -$7.85M as of Jul 31, 2023
Free cash flow (TTM): -$3.86M as of Jul 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 8,455,508 as of Dec 20, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization