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True Leaf Brands Inc. (C:MJ)

Business Focus: Alternative Medicine

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Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 100 Kalamalka Lake Rd Unit 32
Tel: N/A
IR: See website
Key People
Business Overview
True Leaf Brands Inc., formerly True Leaf Medicine International Ltd, is a Canada-based company, which is a manufacturer and wholesaler of medical marijuana. It operates through two segments: True Leaf Medicine Inc. and True Leaf Pet Inc. The True Leaf Medicine Inc. segment caters to Canada's Marihuana for Medical Purposes Regulations (MMPR) program. The True Leaf Pet Inc segment offers mainly products for pets. The Company uses the cannabis plants, hemp seeds, which is a variety of the cannabis sativa plant, to produce and create a product for pets. Its portfolio includes medical grade cannabis, alternative medicine, bio pharmaceutical, quality of life, pet specialty, pet supplements, hemp, and wellness. Apart from Canada, the Company operates in Europe and the United States.
Financial Overview
For the three months ended 30 June 2019, True Leaf Brands Inc revenues decreased 16% to C$415K. Net loss increased from C$865K to C$2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Accretion expense increase from C$0K to C$276K (expense), Share-based compensation increase from C$51K to C$235K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $22.39M as of Jun 30, 2019
Annual revenue (TTM): $2.23M as of Jun 30, 2019
EBITDA (TTM): -$6.28M as of Jun 30, 2019
Net annual income (TTM): -$6.65M as of Jun 30, 2019
Free cash flow (TTM): -$10.22M as of Jun 30, 2019
Net Debt Last Fiscal Year: $1.42M as of Jun 30, 2019
Shares outstanding: 100,112,099 as of Aug 6, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization