Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

HYTN Innovations Inc. (C:HYTN)

Business Focus: Non-Alcoholic Beverages (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Non-Alcoholic Beverages
Company Contact
Address: 12 East 4th Av.
Tel: N/A
IR: See website
Key People
Business Overview
HYTN Innovations Inc. is a Canada-based company that creates products containing psychoactive and psychotropic compounds, including cannabinoids derived from cannabis. The Company formulates, manufactures, markets, and sells cannabis goods. It is engaged in the development of the sparkling tetrahydrocannabinol and the cannabidiol beverage business. All its sparkling cannabis beverages contain 10 milligrams (mg) of THC and are made using its process, Elevation Technology. Its products include Rosewater Lemonade, Watermelon Mint, Lemongrass Ginger, and Blood Orange. Its Rosewater Lemonade is a sugar-free exploration of citrus accented with floral notes. Blood Orange is formulated to bring out the sweet flavors found in this seasonal citrus fruit. Its activities are focused on a single production and manufacturing facility, based in Kelowna, British Columbia. The Company's subsidiaries include HYTN Innovations Inc., HYTN Beverage Corp, HYTN Cannabis Inc., and 1306562 B.C. Ltd.
Financial Overview
For the fiscal year ended 30 September 2023, HYTN Innovations Inc revenues increased 10% to C$763K. Net loss decreased 77% to C$2.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Stock-based compensation decrease of 83% to C$125K (expense), Professional fees decrease of 87% to C$55K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $6.79M as of Sep 30, 2023
Annual revenue (TTM): $0.76M as of Sep 30, 2023
EBITDA (TTM): -$1.40M as of Sep 30, 2023
Net annual income (TTM): -$2.33M as of Sep 30, 2023
Free cash flow (TTM): -$1.18M as of Sep 30, 2023
Net Debt Last Fiscal Year: $0.73M as of Sep 30, 2023
Shares outstanding: 67,369,837 as of Nov 3, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization