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Red White & Bloom Brands Inc. (C:RWB)

Business Focus: Medical Farming

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