Sector: Healthcare | Industry: Healthcare Facilities & Services |
Company Contact | |
Address: | 789 West Pender Street, Suite 810 TORONTO ON V6C 1H2 |
Tel: | N/A |
Website: | https://www.redwhitebloom.com |
IR: | See website |
Key People | ||
Colby De Zen President, Director | Brad Rogers Chief Executive Officer, Director |
Business Overview |
Red White & Bloom Brands Inc. is a Canada-based multi-state cannabis operator and house of brands in the United States legal cannabis sector. The Company's Distribution segment includes subsidiaries that are licensed to manufacture, process and/or distribute Company-branded cannabis products and accessories directly to licensed retailers in the states of Michigan and California where the sale of cannabis products is legal. The Company's Licensing segment includes subsidiaries that own intellectual property associated with the Company's PV and Platinum trademarks and brands. The Company also contracts with distributors in legal states to license the use of its brands in the above noted branded, non-tetrahydrocannabinol (THC) inputs. Its Retail segment sells both Company-branded and third-party cannabis products and accessories to the adult-use and medical use markets in the states of Florida and Michigan where the sale of cannabis product offerings by licensed retailers is legal. |
Financial Overview |
For the nine months ended 30 September 2023, Red White & Bloom Brands Inc revenues decreased 15% to C$69.1M. Net loss applicable to common stockholders excluding extraordinary items decreased 34% to C$21.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Foreign exchange increase from C$7.6M (expense) to C$3.4M (income). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $220.07M as of Sep 30, 2023 |
Annual revenue (TTM): | $85.59M as of Sep 30, 2023 |
EBITDA (TTM): | -$5.70M as of Sep 30, 2023 |
Net annual income (TTM): | -$227.86M as of Sep 30, 2023 |
Free cash flow (TTM): | -$1.93M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $247.45M as of Sep 30, 2023 |
Shares outstanding: | 470,221,901 as of Jan 25, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |