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Heritage Cannabis Holdings Corp. (C:CANN)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 77 Bloor Street West, Suite 600
TORONTO CA M5S 1M2
Tel: N/A
Website: https://heritagecann.com
IR: See website
Key People
Donald Ziraldo
Chairman of the Board
Clinton B. Sharples
Chief Executive Officer
Kristina Khersonski
Chief Financial Officer, Corporate Secretary
Daniel Phaure
Chief Operating Officer
Michael Tkautz
Vice President - Business Development
Christopher Roy Spooner
Chief Science Officer
Elizabeth Thomas
Corporate Secretary
   
Business Overview
Heritage Cannabis Holdings Corp. is a Canada-based vertically integrated cannabis provider. The Company operates its cannabis business through its subsidiaries. Its divisions include purefarma solutions and medical services. The purefarma solutions provide extraction services, and the medical services division is focused on cannabis-based medical solutions. In the United States, it operates under Opticann Inc., an oral and topical cannabinoid (CBD) company with the rights to sell CBD and cannabigerol products made with the VESIsorb(R) drug delivery system for optimized absorption and stability. The Company's subsidiaries include Voyage Cannabis Corp. and CannaCure Corp.
Financial Overview
For the nine months ended 31 July 2020, Heritage Cannabis Holdings Corp revenues increased from C$0K to C$6.8M. Net loss decreased 62% to C$4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Share-based payments decrease of 90% to C$353K (expense), Unrealized loss on contingent considerat increase from C$230K (expense) to C$2.1M (income), Salaries.
Reporting Currency: Canadian Dollars
Enterprise value: $47.97M as of Jul 31, 2020
Annual revenue (TTM): $10.39M as of Jul 31, 2020
EBITDA (TTM): -$7.10M as of Jul 31, 2020
Net annual income (TTM): -$6.14M as of Jul 31, 2020
Free cash flow (TTM): -$7.59M as of Jul 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 495,636,722 as of Oct 13, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization