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Christina Lake Cannabis Corp. (C:CLC)

Business Focus: Recreational Pharmaceuticals

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 789 West Pender Street, Suite 810
Tel: N/A
IR: See website
Key People
Business Overview
Christina Lake Cannabis Corp. is a Canada-based licensed producer of cannabis. The Company is engaged in the processing of its stock of dried cannabis biomass into various extracts, including distilled and winterized oils, kief, and additional extracted products for sale to other licensed producers. The Company produces sun-grown cannabis flower, oil cannabinoids, as well as hemp-based extracts and derivatives, serving domestic and international cannabinoid markets. The Company cultivates cannabis using strains specifically developed for outdoor cultivation. The Company's facility consists of approximately 32-acre property, which includes over 950,000 square feet of outdoor grow space, offices, propagation and drying rooms, research facilities, and a facility dedicated to processing and extraction. The Company also owns a 99- acre plot of land adjoining its principal 32-acre site.
Financial Overview
For the six months ended 31 May 2022, Christina Lake Cannabis Corp revenues increased from C$279K to C$4M. Net loss decreased 81% to C$794K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Fair value of preferred shares decrease from C$511K (expense) to C$0K, Marketing decrease of 89% to C$45K (expense), Corporate Development decrease of 98% to C$9K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $24.02M as of May 31, 2022
Annual revenue (TTM): $7.33M as of May 31, 2022
EBITDA (TTM): -$5.60M as of May 31, 2022
Net annual income (TTM): -$3.81M as of May 31, 2022
Free cash flow (TTM): -$0.80M as of May 31, 2022
Net Debt Last Fiscal Year: $4.40M as of May 31, 2022
Shares outstanding: 129,892,174 as of May 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization