Sector: Healthcare | Industry: Pharmaceuticals |
Company Contact | |
Address: | B838; 4840 Borrego Ridge Road, Unit 17 RADIUM HOT SPRINGS BC V0A1M0 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
N/A |
Business Overview |
Medcolcanna Organics Inc. is a Canadian integrated medical cannabis company, whose fully licensed operations are based in Colombia. The Company is engaged in the cultivation and conversion of cannabis into raw materials, commodities, and finished cannabis products for the global market, such as nutraceuticals, cosmetics, and medicinal products. It is also engaged in providing extraction services and involved in the cannabis distribution and vaping industry. Its products and services portfolio include commodities, white label services and other services. Its other services include in vitro plants, cuttings, fresh and dry flower, biomass, third party crop operation, and technical assistance. The Company, through its subsidiary, Medcolcanna S.A.S, is engaged in sowing and cultivation of psychoactive and non-psychoactive cannabis plants, and manufacturing of cannabis derivatives in Colombia. Its other subsidiaries include Extralia Labs SAS and MCCN SA. |
Financial Overview |
For the nine months ended 30 September 2021, Medcolcanna Organics Inc revenues increased from C$85K to C$306K. Net loss decreased 23% to C$3.1M. Revenues reflect Product sales increase from C$85K to C$258K, Service revenue increase from C$0K to C$48K. Lower net loss reflects Other expenses (income) increase from C$14K to C$1.6M (income), General and administrative - Balancing v decrease of 39% to C$830K (expense). |
Employees: | 90 as of Dec 31, 2020 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $3.31M as of Sep 30, 2021 |
Annual revenue (TTM): | $0.32M as of Sep 30, 2021 |
EBITDA (TTM): | -$2.29M as of Sep 30, 2021 |
Net annual income (TTM): | -$6.35M as of Sep 30, 2021 |
Free cash flow (TTM): | -$2.45M as of Sep 30, 2021 |
Net Debt Last Fiscal Year: | $3.91M as of Sep 30, 2021 |
Shares outstanding: | 116,406,789 as of Jan 12, 2022 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |