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 |