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 |