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GTEC Holdings Ltd. (V:GTEC)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 1632 Dickson Ave Suite 335
Tel: N/A
IR: See website
Key People
Norton Singhavon
Chairman of the Board, Chief Executive Officer
Kendra Blackford
Interim Chief Financial Officer
David Lynn
Chief Operating Officer
David Buckle
Vice President - Operations
Michael Blady
Vice President, Director
Lawrence Law
Global Marketing & Branding Director
Stefan Sarachie
Director of Quality Assurance
Business Overview
GTEC Holdings Ltd, formerly Black Birch Capital Acquisition III Corp, is Canada-based company that is engaged in the alternative medicine sector. GTEC Holdings Ltd is comprised of a number of cultivation facilities under Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). GTEC Holdings Ltd is focused on growing craft cannabis in purpose-built indoor facilities. The Company holds interest in GreenTec Bio-Pharmaceuticals Corp., Tumbleweed Farms Corp., Falcon Ridge Naturals Ltd., Alberta Craft Cannabis Inc., formerly known as Grenex Pharms Inc., Grey Bruce Farms Inc., Zenalytic Laboratories Ltd. and Spectre Labs Inc. GreenTec Bio-Pharmaceuticals Corp is the Company's flagship subsidiary.
Financial Overview
For the fiscal year ended 30 November 2019, GTEC Holdings Ltd revenues increased from C$58K to C$2.4M. Net loss before extraordinary items decreased 9% to C$9.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Consulting fees decrease of 72% to C$704K (expense), Listing fees decrease from C$1.7M (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $24.30M as of Feb 29, 2020
Annual revenue (TTM): $2.36M as of Feb 29, 2020
EBITDA (TTM): -$5.70M as of Feb 29, 2020
Net annual income (TTM): -$9.57M as of Feb 29, 2020
Free cash flow (TTM): -$15.49M as of Feb 29, 2020
Net Debt Last Fiscal Year: $4.66M as of Feb 29, 2020
Shares outstanding: 126,686,000 as of Nov 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization