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Naturally Splendid Enterprises Ltd. (V:NSP)

Business Focus: Special Foods & Wellbeing Products

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
See Regulatory Filings on SEDAR
Company Contact
Address: 605 - 1166 Alberni Street
605 - 1166 Alberni Street
Tel: N/A
IR: See website
Key People
George Ragogna
Chairman of the Board, Chief Financial Officer
J. Craig Goodwin
President, Chief Executive Officer, Director
Bryan Carson
Company Secretary, Chief Operating Officer of Naturally Splendid Enterprises Ltd, Director
Business Overview
Naturally Splendid Enterprises Ltd. is a Canada-based company, which is in the business of developing, manufacturing, and distributing natural and nutritional healthy products with the focus on plant-based ingredients. The Company's products include hemp-based food items that are both conventional and organic, including whole grains and protein powders. Its brands include Natera Sport, Natera Hemp Foods, CHII, Elevate Me, Woods Wild Bar, and Natera Plant Based Foods. It provides contract manufacturing services for healthy food companies and private labeling, which includes a range of variety of nutritional food products for food markets. It sells food and ingredients to commercial processors and consumers by distribution through grocery stores, health, and nutrition stores and online. Its subsidiaries include Naturally Splendid Extracts Ltd. (Extracts), Naturally Splendid USA Ltd., Chi Hemp Industries Inc. (Chi), and Prosnack Natural Foods Inc. (Prosnack).
Financial Overview
For the nine months ended 30 September 2021, Naturally Splendid Enterprises Ltd revenues decreased 54% to C$620K. Net loss decreased 26% to C$2.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Facility expenses decrease of 62% to C$314K (expense), Office, rent and salaries decrease of 38% to C$509K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $6.50M as of Sep 30, 2021
Annual revenue (TTM): $0.85M as of Sep 30, 2021
EBITDA (TTM): -$2.69M as of Sep 30, 2021
Net annual income (TTM): -$3.81M as of Sep 30, 2021
Free cash flow (TTM): -$1.26M as of Sep 30, 2021
Net Debt Last Fiscal Year: $1.54M as of Sep 30, 2021
Shares outstanding: 330,624,458 as of Jan 27, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization