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Core One Labs Inc. (C:COOL)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 820 - 1130 PENDER STREET
1130 Pender St W Suite 820
VANCOUVER BC V6E 4A4
Tel: N/A
Website: https://www.lifestyledeliverysystems.com
IR: See website
Key People
Casey Fenwick
President
Joel Shacker
Chief Executive Officer
Geoff Balderson
Chief Financial Officer, Secretary
John Sanderson
Chief Scientific Officer
   
Business Overview
Core One Labs Inc., formerly Lifestyle Delivery Systems Inc., is a Canada-based cannabis company, which is engaged in manufacturing, marketing and sales of the sublingual cannabinoid delivery product, CannaStrips. The Company has also developed lab extraction and the distillation of cannabinoids. The Company also constructed a genetic nursery to develop cannabis strains. It licenses its technology to a production and packaging facility located in Southern California.
Financial Overview
For the six months ended 30 June 2020, Core One Labs Inc revenues decreased 67% to C$1.3M. Net loss increased 3% to C$2.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Loss (gain) on investment decrease of 81% to C$752K (income), Depreciation increase from C$81K to C$250K (expense), Accounting Fees increase of 68% to C$140K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $55.76M as of Jun 30, 2020
Annual revenue (TTM): $2.52M as of Jun 30, 2020
EBITDA (TTM): -$4.19M as of Jun 30, 2020
Net annual income (TTM): -$21.52M as of Jun 30, 2020
Free cash flow (TTM): -$1.45M as of Jun 30, 2020
Net Debt Last Fiscal Year: $2.05M as of Jun 30, 2020
Shares outstanding: 70,967,507 as of Aug 24, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization