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Oragin Foods Inc. (C:OG)

Business Focus: Supermarkets & Convenience Stores

Sector:  Consumer Non-Cyclicals Industry:  Food Retail & Distribution
 
Company Contact
Address: 579 Kerr Street
OAKVILLE ON L6K 3E1
Tel: N/A
Website: https://www.organicgarage.com
IR: See website
Key People
Matt Lurie
President, Chief Executive Officer, Director
   
Business Overview
Oragin Foods Inc. is a Canadian multi-pronged food company. The Company operates through a retail division, Organic Garage, and a Consumer Packaged Goods (CPG) division. The Company develops, acquires, grows and commercializes food and beverage brands through a CPG division. The Company also houses a Retail Division, which owns and operates natural and organic food retailers, Organic Garage. Organic Garage is operated through the Company's wholly owned subsidiary, Organic Garage (Canada) Ltd. (OGC). The Company's main business activities, through Organic Garage, are selling natural and organic products to consumers through its retail network of store locations. The Company also holds its premises leases. Organic Garage is an independent, natural and organic grocery chain with four stores operating in the Greater Toronto area.
Financial Overview
For the six months ended 31 July 2022, ORAGIN Foods Inc revenues decreased 18% to C$11.4M. Net loss increased 14% to C$1.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Office and general increase from C$49K to C$221K (expense), Gain on right-of-use asset sublease decrease from C$164K (income) to C$0K, Depreciation increase of 36% to C$504K (expense).
Employees: 125 as of Jan 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $12.04M as of Jul 31, 2022
Annual revenue (TTM): $23.25M as of Jul 31, 2022
EBITDA (TTM): -$0.20M as of Jul 31, 2022
Net annual income (TTM): -$3.17M as of Jul 31, 2022
Free cash flow (TTM): -$1.68M as of Jul 31, 2022
Net Debt Last Fiscal Year: $9.98M as of Jul 31, 2022
Shares outstanding: 62,467,336 as of Oct 3, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization