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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
Secretary, Director; Chief Operating Officer of Subsidiary
Business Overview
Naturally Splendid Enterprises Ltd. is a plant-based food manufacturing and technology company that produces and distributes plant-based commodity products. The Company operates through the sale of natural food and ingredients segment. Its products are hemp-based food items that are both conventional and organic, including whole grains and protein powders. Its plant-based brands include Plantein, CHII Naturally Pure Hemp, and Pawsitive FX. Its Plantein products are available for food service and retail sales. Its Plantein products include Plant-Based Burger, Plant-Based Tenders, Plant-Based Sweet Chili Tenders, Plant-Based Nuggets, Plant-Based Schnitzel, Plant-Based Phishy Fillet, Plant-Based Garlic Kiev, and Plant-Based Crispy Burger. Its other brands include Natera Sport, Natera Hemp Foods, CHII, Elevate Me and Woods Wild Bar. It sells food and ingredients to commercial processors and consumers by distribution through grocery stores, health and nutrition stores and online.
Financial Overview
For the six months ended 30 June 2022, Naturally Splendid Enterprises Ltd revenues decreased 67% to C$157K. Net loss decreased 2% to C$1.7M. 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 46% to C$140K (expense), Bank charges and interest decrease of 49% to C$56K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $2.67M as of Jun 30, 2022
Annual revenue (TTM): $0.45M as of Jun 30, 2022
EBITDA (TTM): -$2.44M as of Jun 30, 2022
Net annual income (TTM): -$3.11M as of Jun 30, 2022
Free cash flow (TTM): -$2.63M as of Jun 30, 2022
Net Debt Last Fiscal Year: $1.25M as of Jun 30, 2022
Shares outstanding: 22,041,681 as of Oct 3, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization