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Canyon Creek Food Company Ltd. (V:CYF)

Business Focus: Food Processing (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
 
Company Contact
Address: 8705 53rd Av.
EDMONTON AB T6E 5G2
Tel: N/A
Website: https://canyoncreekfood.com
IR: See website
Key People
Terence Alty
President, Chief Executive Officer, Director
Belva Rode
Chief Financial Officer, Director
 
Business Overview
Canyon Creek Food Company Ltd. is a Canada-based food processing company. The Company is engaged in providing fresh soups and other prepared food products. The Company provides their fresh food product line to both grocery retailers and a range of food service establishments, such as restaurants and institutions throughout Canada. The Company's products include soups, sauces, gravy, and side dishes, among others. Its primary focus is to develop strategic alliances with both retailers and branded food companies. The Company's subsidiary includes Canyon Creek Soup Company.
Financial Overview
For the six months ended 30 November 2023, Canyon Creek Food Company Ltd revenues increased 1% to C$6.2M. Net loss decreased 17% to C$1.1M. Revenues reflect Product Sales segment increase of 2% to C$5.5M. Lower net loss reflects Interest onlease liabilities decrease of 11% to C$147K (expense), Research and technical expenses decrease of 76% to C$4K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $24.35M as of Feb 29, 2024
Annual revenue (TTM): $11.98M as of Feb 29, 2024
EBITDA (TTM): -$0.54M as of Feb 29, 2024
Net annual income (TTM): -$4.46M as of Feb 29, 2024
Free cash flow (TTM): -$0.34M as of Feb 29, 2024
Net Debt Last Fiscal Year: $23.82M as of Feb 29, 2024
Shares outstanding: 35,148,902 as of Nov 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization