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Canntab Therapeutics Limited (C:PILL)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 1 Adelaide St E Suite 801
Tel: N/A
IR: See website
Key People
Larry Latowsky
Executive Chairman of the Board, Chief Executive Officer
Jeff Renwick
President, Head of Manufacturing, Director
Richard Goldstein
Chief Financial Officer, Director
Joshi Laxminarayan
Chief Scientific Officer
Barry Polisuk
Secretary, Director
Business Overview
Canntab Therapeutics Ltd, formerly Telferscot Resources Inc, is a Canada-based company engaged in alternatywe medicine sector. The Company is dedicated to the research and development of oral dosage therapeutic formulations of cannabis and a range of oral dosage products that treat different ailments by delivering a uniform dosage of medicinal cannabis extract. The Company developed bi-layered tablets that offer an immediate dosage and therefore immediate release of active ingredients, combined with its patent pending extended release formulations. Its Gel Capsules offer doctors and patients a uniform amount of THC/CBD oil extract, in a quick dissolving gel capsule. The Companys flash melt tablets are designed to dissolve immediately when placed under the tongue. They deliver an dosage to the patient, offering instant relief.
Financial Overview
For the fiscal year ended 31 May 2021, CanntabTherapeutics Ltd revenues decreased from C$133K to C$0K.Net loss increased 70% to C$4.4M. Revenues reflect adecrease in demand for the Company's products and servicesdue to unfavorable market conditions. Higher net lossreflects Professional fees increase from C$199K to C$959K(expense), Depreciation increase of 91% to C$511K(expense).
Reporting Currency: Canadian Dollars
Enterprise value: $24.89M as of May 31, 2021
Annual revenue (TTM): $0.00M as of May 31, 2021
EBITDA (TTM): -$2.78M as of May 31, 2021
Net annual income (TTM): -$4.42M as of May 31, 2021
Free cash flow (TTM): -$3.19M as of May 31, 2021
Net Debt Last Fiscal Year: $0.08M as of May 31, 2021
Shares outstanding: 35,938,437 as of May 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization