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Sproutly Canada, Inc. (C:SPR)

Business Focus: Alternative Medicine Facilities

Sector:  Healthcare Industry:  Healthcare Facilities & Services
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 3318 - 1055 Dunsmuir Street
Tel: N/A
IR: See website
Key People
Business Overview
Sproutly Canada Inc, formerly Stone Ridge Exploration Corp, is a Canada-based company engaged in the alternative medicine sector. The Company, through its indirect wholly owned subsidiary Toronto Herbal Remedies Inc., is an Access to Cannabis for Medical Purposes Regulations (ACMPR) Licensed Producer of cannabis. The Company's mission is to be a vertically integrated cannabis consumer products company, bringing together pharma-grade cultivation, distribution solutions, and technologies to the cannabis industry. Sproutly Canada Inc owns and operates an approximately 16,000 square feet production facility located centrally in the Greater Toronto Area (GTA) utilizing production technology and methods designed to pharma-grade standards. The Company's strategy is focused on developing and deploying technologies to formulate and market cannabis products.
Financial Overview
For the nine months ended 30 November 2019, Sproutly Canada Inc revenues increased from C$0K to C$775K. Net loss decreased 15% to C$7.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Listing expense decrease from C$4.7M (expense) to C$0K, FV Adjustments on Biological Assets decrease from C$28K (expense) to C$2.9M (income).
Reporting Currency: Canadian Dollars
Enterprise value: $17.65M as of Nov 30, 2019
Annual revenue (TTM): $0.77M as of Nov 30, 2019
EBITDA (TTM): -$8.95M as of Nov 30, 2019
Net annual income (TTM): -$10.38M as of Nov 30, 2019
Free cash flow (TTM): -$7.56M as of Nov 30, 2019
Net Debt Last Fiscal Year: $9.19M as of Nov 30, 2019
Shares outstanding: 228,003,615 as of May 15, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization