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GreenSpace Brands Inc. (V:JTR)

Business Focus: Food Processing (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
 
Company Contact
Address: 106-2087 Dundas Street East
MISSISSAUGA ON L4X 2V7
Tel: N/A
Website: https://www.greenspacebrands.ca
IR: See website
Key People
Paul K. Henderson
Executive Chairman of the Board, Interim Chief Executive Officer
C. Scott Riddle
President - Go Veggie Brand
 
Business Overview
GreenSpace Brands Inc. is an organic and natural food company. The Company is engaged in the principal business of creating, distributing and selling natural food products and brands into the North American natural food marketplace. The Company markets its services primarily in Canada and the United States. Its main brands include Love Child Organics, Central Roast and Go Veggie. Love Child Organics brand is a producer of organic food for infants and toddlers made with natural and nutritional ingredients. Central Roast is a snack brand featuring an assortment of organic nut and seed mixes. The GO VEGGIE brand is one of the pioneers and leaders in the United States plant-based dairy market. All brands are wholly owned and are sold in a variety of online, natural and retail grocery locations. Its products are classified into two types: lactose-free and plant-based. Its products include mozzarella, cheddar and pepper jack cheese.
Financial Overview
For the nine months ended 31 December 2022, Greenspace Brands Inc revenues increased 8% to C$12.3M. Net loss before extraordinary items increased 1% to C$5M. Revenues reflect Canada (Country) segment increase of 31% to C$12.7M. Higher net loss reflects Accretion of site closure & Recla. Exp. increase from C$192K to C$1.2M (expense), Restructuring gain decrease of 98% to C$9K (income).
Employees: 29 as of Jul 20, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $18.35M as of Dec 31, 2022
Annual revenue (TTM): $15.35M as of Dec 31, 2022
EBITDA (TTM): -$3.36M as of Dec 31, 2022
Net annual income (TTM): -$10.26M as of Dec 31, 2022
Free cash flow (TTM): -$1.94M as of Dec 31, 2022
Net Debt Last Fiscal Year: $20.42M as of Dec 31, 2022
Shares outstanding: 509,392,282 as of Dec 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization