Shiny Health & Wellness Corp. (formerly ShinyBud Corp.) (V:SNYB)
Business Focus: Cannabis Product Retailers
| Sector: Consumer Non-Cyclicals | Industry: Drug Retailers |
| Company Contact | |
| Address: | 150 York Street, #1008 Toronto TORONTO ON M5H 3S5 |
| Tel: | N/A |
| Website: | https://www.shinyhealthandwellness.com/overview/default.aspx |
| IR: | See website |
| Key People | ||
| Kevin Reed Chairman of the Board | Meris Kott Interim Chief Executive Officer, Director | Micah Dass Independent Executive Vice Chairman |
| Jude Pinto Chief Financial Officer, Chief Information Officer, Corporate Secretary | Josh Cooksley Executive Vice President, Corporate Development and Investor Relations | |
| Business Overview |
| Shiny Health & Wellness Corp. is a Canada-based independent cannabis and pharmacy retailer. The Company operates ShinyBud Cannabis Co., a brand of adult-use dispensaries. ShinyBud Cannabis Co. is a multi-banner cannabis retailer with 24 corporate stores and 16 licensed stores strategically located across Ontario in markets less saturated with cannabis retailers. ShinyBud Cannabis Co. offers a range of Canadian cannabis products ranging from dried flowers, edibles, vapes, among others. The Company's other subsidiaries include SNYB Franchising Inc., Shinybud Adfund Corp, and Mihi Health and Wellness Inc. |
| Financial Overview |
| For the nine months ended 31 October 2023, Shiny Health & Wellness Corp revenues decreased 26% to C$16.9M. Net loss increased from C$3.8M to C$9.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Impairment - Intangibles increase from C$81K to C$6M (expense), FV/Uls Adjust on Derivatives for Hedging decrease of 94% to C$184K (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $13.00M as of Oct 31, 2023 |
| Annual revenue (TTM): | $23.72M as of Oct 31, 2023 |
| EBITDA (TTM): | -$1.47M as of Oct 31, 2023 |
| Net annual income (TTM): | -$18.06M as of Oct 31, 2023 |
| Free cash flow (TTM): | -$0.26M as of Oct 31, 2023 |
| Net Debt Last Fiscal Year: | $7.73M as of Oct 31, 2023 |
| Shares outstanding: | 15,519,156 as of Apr 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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