Sector: Healthcare | Industry: Pharmaceuticals |
Company Contact | |
Address: | 1142 Broadway, Suite 300 TACOMA WA 98402 |
Tel: | N/A |
Website: | https://ionicbrands.com |
IR: | See website |
Key People | ||
N/A |
Business Overview |
Ionic Brands Corp. is a cannabis holdings company engaged in building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The Company's primary business is the provision of services and products ancillary to the cannabis production and processing industry in the States of Washington and Oregon. The Company, through its subsidiaries, delivers a range of solutions to licensed cannabis processors and producers which includes sale of cannabis products; processing and transportation equipment leasing; operating and marketing support; licensing of intellectual property, and sourcing of devices, packaging and labeling. Its brands include IONIC, Dabulous and Zoots. It procures and supplies branded packaging and devise including vape pens, both refillable and disposable, cartridges, applicators, jars and brand, packaging and labeling for the licensee. Its subsidiary is Blacklist Holdings Inc. |
Financial Overview |
For the twelve months ended 31 December 2021, Ionic Brands Corp revenues increased from $6.7M to $25.2M. Net loss increased 84% to $11M. Revenues reflect Product sales increase from $1.6M to $18.8M. Higher net loss reflects Share-based payments increase from $21K to $4.7M (expense), Depreciation and amortization increase from $1M to $3.1M (expense), Salaries and wages increase from $710K to $2.7M (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $24.37M as of Dec 31, 2021 |
Annual revenue (TTM): | $34.61M as of Dec 31, 2021 |
EBITDA (TTM): | -$10.38M as of Dec 31, 2021 |
Net annual income (TTM): | -$15.08M as of Dec 31, 2021 |
Free cash flow (TTM): | -$11.17M as of Dec 31, 2021 |
Net Debt Last Fiscal Year: | $8.74M as of Dec 31, 2021 |
Shares outstanding: | 159,213,974 as of Dec 31, 2021 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |