Sector: Healthcare | Industry: Pharmaceuticals |
Company Contact | |
Address: | #304-68 Water Street VANCOUVER BC V6B 1A4 |
Tel: | N/A |
Website: | https://www.nextleafsolutions.com |
IR: | See website |
Key People | ||
Emma Andrews President, Chief Executive Officer, Director | Sam Kassem Chief Financial Officer, Director |
Business Overview |
Nextleaf Solutions Ltd. is a Canada-based company, which is a federally regulated manufacturer and distributor of cannabis vapes and oils under its brand, Glacial Gold. The Company is a cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. It commercializes its intellectual property portfolio through IP licensing, production of cannabidiol (CBD) and tetrahydrocannabinol (THC) oils, through its subsidiary, Nextleaf Labs Ltd. (Labs), and selling products through provincial distribution boards for the adult-use market under the brand Glacial Gold. It sells its branded products to government distributors and authorized retailers in four provinces in Canada. Its patented ingredient processing technology transforms unsold cannabis and hemp biomass into distillate at an industrial scale. Its other subsidiary is Nextleaf Innovations Ltd., which operates as an extraction solutions company. |
Financial Overview |
For the three months ended 31 December 2023, Nextleaf Solutions Ltd revenues increased from C$1.2M to C$3.2M. Net income totaled C$133K vs. loss of C$559K. Revenues reflect Revenue increase from C$1.4M to C$4.1M. Net Income reflects Convertible note financing fee decrease from C$105K (expense) to C$0K, Administrative expenses decrease of 15% to C$99K (expense), Accretion/interest on convertible debent decrease from C$18K (expense) to C$0K. |
Employees: | 26 as of Sep 30, 2020 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $21.32M as of Dec 31, 2023 |
Annual revenue (TTM): | $10.20M as of Dec 31, 2023 |
EBITDA (TTM): | $1.44M as of Dec 31, 2023 |
Net annual income (TTM): | $0.92M as of Dec 31, 2023 |
Free cash flow (TTM): | $0.23M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $0.11M as of Dec 31, 2023 |
Shares outstanding: | 160,992,134 as of Mar 8, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |