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 |