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CENTR Brands Corp. (C:CNTR)

Business Focus: Non-Alcoholic Beverages (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Non-Alcoholic Beverages
Company Contact
Address: Suite 100, 2318 Oak Street
Tel: N/A
IR: See website
Key People
Business Overview
Centr Brands Corp. is a Canada-based wellness beverage company. The Company is engaged in development and marketing of beverages infused with hemp-derived extracts and derivatives. The Company is focused on the sales and development of a non-alcoholic beverages for cannabidiol (CBD) infused beverage industry. It offers a range of functional wellness beverages that support individuals in their pursuit of balanced and healthy lifestyles. The Company's products include CENTR, CENTR Instant, CENTR CBD, CENTR Sugar Free, and CENTR Enhanced. The Company's CENTR and CENTR Sugar Free is a low-calorie CBD beverage. Its CENTR Enhanced is a zero calorie, nootropic and adaptogen-enriched non-CBD functional beverage. Its CENTR Instant is an adaptogen-based CBD powder.
Financial Overview
For the nine months ended 28 February 2023, Centr Brands Corp revenues decreased 44% to $795K. Net loss totaled $5.2M vs. income of $81K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects FV/Uls Adjust on Derivatives for Hedging decrease of 98% to $72K (income), Share-based compensation increase from $385K to $1.1M (expense).
Employees: 27 as of May 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $17.48M as of May 31, 2023
Annual revenue (TTM): $1.65M as of May 31, 2023
EBITDA (TTM): -$8.59M as of May 31, 2023
Net annual income (TTM): -$6.47M as of May 31, 2023
Free cash flow (TTM): -$6.50M as of May 31, 2023
Net Debt Last Fiscal Year: $0.24M as of May 31, 2023
Shares outstanding: 116,165,400 as of Jul 6, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization