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LeanLife Health Inc. (C:LLP)

Business Focus: Food Processing (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
 
Company Contact
Address: 580 Hornby Street, Suite 380
VANCOUVER BC V6C 3B6
Tel: N/A
Website: https://www.leanlifehealth.com
IR: See website
Key People
N/A    
Business Overview
LeanLife Health Inc. is a Canada-based company, which is focused on plant-based food products and energy drinks. Its products are shelf-stable extractions from flaxseed, a plentiful plant-based source of Omega-3, which gives them a significant advantage as a fortified food ingredient. The products can be used as food additives or as nutraceuticals. Its products are optimally formulated for use in both residential and commercial food processing. Its flaxseed products are thermally stable and can be used in baking, freezing, or as an oil or emulsion. It has operations in Canada to supply food processors in North America with additives for various products, including breads, buns, cookies, muffins, hot dogs, hamburgers, processed meats, noodles, juices, cheese, milk products, chocolate bars, salad dressings, sauces, table spreads, soymilk, tortillas, breakfast cereals, infant formula, candy, fruit juices, and smoothies. Its Iron Energy drinks contain taurine and caffeine.
Financial Overview
For the nine months ended 31 December 2021, LeanLife Health Inc revenues was not reported. Net loss decreased 5% to C$2.1M. Lower net loss reflects Share-based compensation decrease of 69% to C$199K (expense), Consulting fees decrease of 48% to C$274K (expense), Engineering and testing decrease of 81% to C$29K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $4.71M as of Dec 31, 2021
Annual revenue (TTM): $0.00M as of Dec 31, 2021
EBITDA (TTM): -$3.27M as of Dec 31, 2021
Net annual income (TTM): -$3.55M as of Dec 31, 2021
Free cash flow (TTM): -$1.24M as of Dec 31, 2021
Net Debt Last Fiscal Year: $0.17M as of Dec 31, 2021
Shares outstanding: 230,884,851 as of May 17, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization