Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
Company Contact | |
Address: | 1623 Pandora Street VANCOUVER BC V5L 0B1 |
Tel: | N/A |
Website: | https://purebreadbrands.com |
IR: | See website |
Key People | ||
Andrew Barnes Chief Executive Officer, Co-Founder, Director | Amrit Maharaj Co-Founder, Chief Operating Officer, Director | Jennifer Chan Chief Marketing Officer | Bernadette Dsilva Corporate Secretary |
Business Overview |
Purebread Brands Inc., formerly Coho Collective Kitchens Inc., is a Canada-based commercial real estate and food technology company. The Company serves commercial real estate and food technology, operating fast-casual cafes, bakeries, and shared-kitchen facilities. The Company's brand includes Purebread and Coho Commissary. Its family of brands helps the food and beverage entrepreneurs to scale and gain exposure by offering facilities, equipment, and support through its network of commissary kitchens, retail spaces, and restaurants. Purebread is a handmade bakery with breads, treats, and savories for breakfast, lunch, and dinner. Coho Commissary is designed to support a variety of entrepreneurs in launching or growing a food production or food delivery businesses. |
Financial Overview |
For the nine months ended 31 December 2023, Purebread Brands Inc revenues increased from C$1.9M to C$6.7M. Net loss increased 3% to C$4.7M. Revenues reflect Retail increase from C$614K to C$4.7M, Rental increase of 53% to C$2M. Higher net loss reflects Salaries and benefits increase of 64% to C$3.4M (expense), Occupancy cost increase from C$596K to C$1.2M (expense), Amortization increase of 56% to C$1.4M (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $25.46M as of Dec 31, 2023 |
Annual revenue (TTM): | $7.28M as of Dec 31, 2023 |
EBITDA (TTM): | -$2.78M as of Dec 31, 2023 |
Net annual income (TTM): | -$6.22M as of Dec 31, 2023 |
Free cash flow (TTM): | -$5.68M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $23.53M as of Dec 31, 2023 |
Shares outstanding: | 115,783,402 as of Mar 27, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |