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Molecule Holdings Inc. (C:MLCL)

Business Focus: Non-Alcoholic Beverages (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Non-Alcoholic Beverages
 
Company Contact
Address: 591 Reynolds Rd
LANSDOWNE ON K0E 1L0
Tel: N/A
Website: https://molecule.ca
IR: See website
Key People
Andrew D. Audet
Chairman of the Board
Philip Waddington
President, Chief Executive Officer, Director
Jeff Stoss
Chief Financial Officer
Business Overview
Molecule Holdings Inc. is a Canada-based licensed producer engaged in creating cannabis-infused beverages (CIBs) for the Canadian market. The Company operates through one segment being the production and co-packing CIBs. The Company produces drinks to provide opportunity and choice for people seeking a convenient and social way to consume cannabis. Its brands include PHRESH, embody, CANAJO and KLON. It is also focused on growing both its portfolio, and the overall cannabis beverage market.
Financial Overview
For the nine months ended 31 July 2023, Molecule Holdings Inc revenues decreased 13% to C$1.3M. Net loss decreased 34% to C$2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Salaries and employee benefits decrease of 42% to C$296K (expense), Management and consulting fees decrease of 33% to C$382K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $5.59M as of Jul 31, 2023
Annual revenue (TTM): $1.78M as of Jul 31, 2023
EBITDA (TTM): -$1.96M as of Jul 31, 2023
Net annual income (TTM): -$3.45M as of Jul 31, 2023
Free cash flow (TTM): -$0.10M as of Jul 31, 2023
Net Debt Last Fiscal Year: $5.69M as of Jul 31, 2023
Shares outstanding: 97,781,903 as of Jul 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization