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True Leaf Brands Inc. (C:MJ)

Business Focus: Alternative Medicine

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 nine months ended 31 December 2019, True Leaf Brands Inc revenues decreased 6% to C$1.6M. Net loss increased 68% to C$5.9M. 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$836K (expense), Share-based compensation increase of 69% to C$768K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $3.88M as of Dec 31, 2019
Annual revenue (TTM): $2.21M as of Dec 31, 2019
EBITDA (TTM): -$6.89M as of Dec 31, 2019
Net annual income (TTM): -$7.91M as of Dec 31, 2019
Free cash flow (TTM): -$7.34M as of Dec 31, 2019
Net Debt Last Fiscal Year: $4.18M as of Dec 31, 2019
Shares outstanding: 101,078,765 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization