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HAVN Life Sciences Inc. (C:HAVN)

Business Focus: Biotechnology & Medical Research (NEC)

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
Company Contact
Address: 605 - 130 Brew Street
PORT MOODY BC V3H 0E3
Tel: N/A
Website: https://havnlife.com
IR: See website
Key People
Tim Moore
Director and Chief Executive Officer
Ricky Brar
Vice Chairman of the Board, Independent Director
Gordon Clissold
Chief Financial Officer
Jenna Pozar
Chief Operating Officer
Gary Joseph Leong
Chief Scientific Officer
Ivan Casselman
Chief Psychedelics Office
Alexzander Samuelsson
Chief Research Officer
   
Business Overview
HAVN Life Sciences Inc. is a Canada-based biotechnology company. The Company is engaged in the scientific research and development of psychopharmacological and natural health care products. It is focused on standardizing extraction of psychoactive compounds, the development of natural health products, and developing mental health treatments to support brain health and enhance the capabilities of the mind. The Company has two business divisions: HAVN Labs and HAVN Retail. The HAVN Labs division is engaged in the development of research protocols to cover the production of Psilocybe spp. Through its research division, HAVN Labs, it has developed an end-to-end supply chain of GMP naturally derived psychedelic compounds for research. The HAVN Retail division formulates and sells natural health products (NHPs) using compounds. It offers a full range of mushroom and plant extracts that help boost immune function, reduce inflammation and support a healthy lifestyle.
Financial Overview
For the nine months ended 31 January 2023, HAVN Life Sciences Inc revenues increased from C$60K to C$371K. Net loss decreased 61% to C$4.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Share-based payments decrease of 86% to C$222K (expense), Investor relations and marketing decrease of 79% to C$282K (expense).
Employees: 6 as of Apr 30, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $0.19M as of Jan 31, 2023
Annual revenue (TTM): $0.59M as of Jan 31, 2023
EBITDA (TTM): -$4.65M as of Jan 31, 2023
Net annual income (TTM): -$15.71M as of Jan 31, 2023
Free cash flow (TTM): -$2.61M as of Jan 31, 2023
Net Debt Last Fiscal Year: $0.01M as of Jan 31, 2023
Shares outstanding: 28,646,020 as of Nov 3, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization