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Psyched Wellness Ltd. (C:PSYC)

Business Focus: Health Food Stores

Sector:  Consumer Cyclicals Industry:  Miscellaneous Specialty Retailers
 
Company Contact
Address: 2905 - 77 King Street West
TORONTO ON M5K 1G8
Tel: N/A
Website: https://psyched-wellness.com
IR: See website
Key People
N/A    
Business Overview
Psyched Wellness Ltd. is a Canada-based health supplements company. The Company is engaged in the distribution of mushroom-derived products and associated consumer packaged goods. The Company creates organic, natural, and lab-tested mushroom products to promote health and wellness of people globally. The Company is in the process of developing a line of Amanita muscaria-derived water-based extracts, teas, and capsules. Amanita muscaria helps to reduce stress, ease muscular tension, and promote restorative sleep. The Company's wholly owned subsidiary is Psyched Wellness Corp.
Financial Overview
For the nine months ended 31 August 2023, Psyched Wellness Ltd revenues increased from C$1K to C$258K. Net loss decreased 32% to C$2.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Research costs decrease of 92% to C$82K (expense), Stock-based compensation decrease of 63% to C$429K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $5.56M as of Aug 31, 2023
Annual revenue (TTM): $0.27M as of Aug 31, 2023
EBITDA (TTM): -$2.56M as of Aug 31, 2023
Net annual income (TTM): -$3.19M as of Aug 31, 2023
Free cash flow (TTM): -$3.33M as of Aug 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 232,777,550 as of Sep 1, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization