Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Lumiera Health Inc. (V:NHP)

Business Focus: Pharmaceuticals (NEC)

Sector:  Healthcare Industry:  Pharmaceuticals
 
Company Contact
Address: 4500 Blvd. Kimber
SAINT-HUBERT QC J3Y 8K5
Tel: N/A
Website: https://www.lumiera.ca
IR: See website
Key People
Carlos Ponce
Chief Executive Officer, Director
Simon Castonguay
Interim Chief Financial Officer, Director
Richard Giguere
Vice President of Sales and Marketing
Business Overview
Lumiera Health Inc. is a Canada-based natural health products company. The principal business of the Company is that of selling natural and homeopathic products. The Company specializes in the development and commercialization of evidence-based botanical products for the healthcare industry. The Company sells both oral and topical botanical agents to help manage unmet medical needs through its Holizen Laboratories division. It is also developing and commercializing a portfolio of innovative solutions in high growth categories such as sleep-aids and pain management. Its product's portfolio categories such as topical pain relief, sleep, skin care, women's health, & infections. The Company's products and brands include Holizen, Awaye pain relief cream and Bazzzics. The Holizen portfolio has over 20 products that cover a range of therapeutic needs, including cardiovascular health; stress relief; bones, joints & muscle mobility; energy and immunity.
Financial Overview
For the nine months ended 31 August 2023, Lumiera Health Inc revenues decreased 45% to $243K. Net loss applicable to common stockholders decreased 74% to $368K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Salaries and payroll decrease from $516K (expense) to $0K, Interest, accretion and bank charges decrease of 61% to $236K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $3.42M as of Aug 31, 2023
Annual revenue (TTM): $0.59M as of Aug 31, 2023
EBITDA (TTM): -$0.71M as of Aug 31, 2023
Net annual income (TTM): -$2.36M as of Aug 31, 2023
Free cash flow (TTM): -$0.49M as of Aug 31, 2023
Net Debt Last Fiscal Year: $1.79M as of Aug 31, 2023
Shares outstanding: 169,965,217 as of Aug 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization