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BZAM LTD. (formerly, The Green Organic Dutchman Holdings Ltd.) (C:BZAM)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
 
Company Contact
Address: 19100 Airport Way, Unit 518
PITT MEADOWS BC V3Y 0E2
Tel: N/A
Website: https://bzam.com
IR: See website
Key People
Bassam Youssef Ahmad Alghanim
Chairman of the Board
Matt Milich
Chief Executive Officer
Sean P. Bovingdon
Chief Financial Officer, Director
Jordan Winnett
Chief Commercial Officer
   
Business Overview
BZAM Ltd. is a Canadian cannabis producer with a focus on branded consumer goods. The Company's portfolio includes core brands, such as BZAM, TGOD, ness, Highly Dutch Organic, TABLE TOP, as well as partner brands Jeeter, Cookies, Sherbinskis, Dunn Cannabis, FRESH and Wyld. It operates facilities in British Columbia (BC), Alberta (AB), Ontario and Quebec, as well as retail stores in Regina, Saskatchewan. The Company's subsidiaries, The Green Organic Dutchman Ltd. (TGOD), BZAM Management Inc., Folium Life Science Inc. and BZAM Cannabis Corp., are licensed producers and hold licenses to produce cannabis plants, cannabis plant seeds, dried cannabis, fresh cannabis, cannabis oils, cannabis topicals, cannabis extracts and edible cannabis and sell such cannabis products within Canada to provincially authorized retailers or distributors and federally licensed entities. Its product portfolio includes categories, such as Infused, Multi-packs, Edibles, Organic, and Craft.
Financial Overview
For the nine months ended 30 September 2023, BZAM Ltd revenues increased from C$32.1M to C$64.4M. Net loss before extraordinary items increased from C$26.7M to C$97.2M. Revenues reflect Revenue increase from C$44M to C$94.5M. Higher net loss reflects Impairment charge for non-financial asse increase from C$6.2M to C$61.8M (expense), General and administrative expenses increase of 79% to C$23.3M (expense).
Employees: 322 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $42.75M as of Sep 30, 2023
Annual revenue (TTM): $81.65M as of Sep 30, 2023
EBITDA (TTM): -$37.17M as of Sep 30, 2023
Net annual income (TTM): -$105.54M as of Sep 30, 2023
Free cash flow (TTM): -$8.97M as of Sep 30, 2023
Net Debt Last Fiscal Year: $45.18M as of Sep 30, 2023
Shares outstanding: 180,818,952 as of Dec 6, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization