Global Food and Ingredients Ltd. (V:PEAS)
Business Focus: Fishing & Farming (NEC)
| Sector: Consumer Non-Cyclicals | Industry: Fishing & Farming |
| Company Contact | |
| Address: | 43 Colborne Street, Suite 400, Null Toronto ON M5E 1E3 |
| Tel: | N/A |
| Website: | https://www.gfiglobalfood.com |
| IR: | See website |
| Key People | ||
| David Hanna President, Chief Executive Officer, Director | William Murray Chief Financial Officer | Jason Phillips Vice President - Operations |
| Marie Amazan Vice President, President of YoFiit, GFI Brands Inc. | Prashant Jairaj Vice President, Consumer Packaged Goods | Michael Moussa Vice President, Ingredients |
| Jaime Rueda Vice President, President of North Lily Foods Inc, | Amber Macarthur Chief Commercial Officer, Director | Jeffrey Gebert Corporate Secretary |
| Business Overview |
| Global Food and Ingredients Ltd. is a Canadian plant-based food and ingredients company. The Company connects the local farm to the global supply chain for peas, beans, lentils, chickpeas and other high-protein specialty crops. It has four primary business lines: Plant-Based Core Ingredients, Value-Added Ingredients, Plant-Based Pet Food Ingredients and Downstream Products. Plant-Based Core Ingredients products include peas, lentils, chickpeas, edible beans, specialty crops, split peas and pet food ingredients. Its premium plant-based ingredients are offered through its North Lily and North Lily Organic brands, through private label or bulk as needed by its customers. Value-Added Ingredients includes split-peas, high protein pulse flours, pea protein concentrate, pea fiber and blended and ground pet food mixes. It buys directly from its network of farmers, processes its products locally at its four processing facilities in Western Canada and ships to 37 countries across the world. |
| Financial Overview |
| For the nine months ended 31 December 2023, Global Food and Ingredients Ltd revenues decreased 19% to C$76.1M. Net loss before extraordinary items decreased 42% to C$4.2M. Revenues reflect Plant based ingredients (ING) segment decrease of 77% to C$21.6M, Plant based consumer packaged goods (CPG) segment decrease of 90% to C$51K, Asia segment decrease of 82% to C$4.1M, Europe segment decrease of 41% to C$1.2M. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $40.24M as of Dec 31, 2023 |
| Annual revenue (TTM): | $105.40M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.23M as of Dec 31, 2023 |
| Net annual income (TTM): | -$5.31M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.66M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $32.81M as of Dec 31, 2023 |
| Shares outstanding: | 65,080,169 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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