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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.
VANCOUVER BC V5T 1E8
Tel: N/A
Website: https://www.hytn.life
IR: See website
Key People
N/A    
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