Gaia Grow Corp. (C:GAIA)
Business Focus: Pharmaceuticals (NEC)
| Sector: Healthcare | Industry: Pharmaceuticals |
| Company Contact | |
| Address: | 303, 750 West Pender Street VANCOUVER BC V6C 2T7 |
| Tel: | N/A |
| Website: | https://www.gaiagrow.com |
| IR: | See website |
| Key People | ||
| James Tworek President, Director | Frederick Pels Chief Executive Officer, Director | |
| Business Overview |
| Gaia Grow Corp. is a Canada-based hemp producer company. The Company, through its wholly owned subsidiary Tru Extracts (Calgary) Ltd. (TruExtracts), is focused on developing, formulating and commercializing cannabinoid-containing end-user facing products, such as edibles, prerolls and concentrates. TruExtracts Laboratories is a cannabis and hemp processors, with an approximately 12,500 square foot facility in Calgary. The facility is Health Canada licensed and fully operational, with an expansion capability of an additional 16,000 additional square feet. TruExtracts services include toll processing, tetrahydrocannabinol (THC), cannabidiol (CBD) extractions and isolates, as well as white label service and cannabis THC and CBD products. |
| Financial Overview |
| For the nine months ended 30 September 2022, Gaia Grow Corp revenues increased from C$7K to C$129K. Net loss increased 99% to C$3.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Payroll increase of 66% to C$255K (expense), Professional fees increase of 39% to C$262K (expense), Interest increase of 64% to C$156K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1.16M as of Sep 30, 2022 |
| Annual revenue (TTM): | $0.13M as of Sep 30, 2022 |
| EBITDA (TTM): | -$1.62M as of Sep 30, 2022 |
| Net annual income (TTM): | -$8.18M as of Sep 30, 2022 |
| Free cash flow (TTM): | -$1.15M as of Sep 30, 2022 |
| Net Debt Last Fiscal Year: | $1.20M as of Sep 30, 2022 |
| Shares outstanding: | 23,003,411 as of Dec 7, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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