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Columbia Care Inc. (C:CCHW)

Business Focus: N/A

Sector:  Healthcare Industry:  Healthcare Facilities & Services
See Regulatory Filings on SEDAR
Company Contact
Address: 680 Fifth Ave., 24th Floor
Tel: 1-212-2710915
IR: See website
Key People
Michael Abbott
Executive Chairman of the Board
Nicholas Vita
Chief Executive Officer, Director
Lars Boesgaard
Chief Financial Officer
David J. Hart
Chief Operating Officer
Bryan Olson
Chief People and Administrative Officer
Rosemary Mazanet
Chief Scientific Officer
Jesse Channon
Chief Growth Officer
Guy Hussussian
Chief Data Officer
Business Overview
Columbia Care Inc is a provider of cannabis-based health and wellness solutions. The Company is engaged cultivating, manufacturing and providing medical and adult use cannabis products and related services with licenses in over 18 the United States jurisdictions and the European Union (EU). The Company operates facilities including dispensaries and cultivation and manufacturing facilities. The Company operates as the original providers of medical cannabis in the United States and continues to deliver a patient-centered medicinal cannabis operation. The company offers products spanning flower, edibles, oils, and tablets, and manufactures brands including Seed & Strain, Amber and Platinum Label Cannabidiol (CBD) products. It develops products which comprised of a variety of medical and adult-use form factors, including but not limited to formulations, precision manufactured dosing and cannabis flower and flower-derived products.
Financial Overview
For the six months ended 30 June 2021, Columbia CareInc revenues increased from $54.7M to $188.5M. Net lossdecreased 42% to $25.6M. Revenues reflect an increase indemand for the Company's products and services due tofavorable market conditions. Lower net loss reflectsChanges in Inventory increase of 99% to $76.1M (income),Share-based compensation decrease of 15% to $12.8M(expense), Other income (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $1,554M as of Jun 30, 2021
Annual revenue (TTM): $387.36M as of Jun 30, 2021
EBITDA (TTM): $3.84M as of Jun 30, 2021
Net annual income (TTM): -$113.90M as of Jun 30, 2021
Free cash flow (TTM): -$91.30M as of Jun 30, 2021
Net Debt Last Fiscal Year: $428.40M as of Jun 30, 2021
Shares outstanding: 363,417,985 as of Jun 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization