Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

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
VANCOUVER BC V7X 1L2
Tel: N/A
Website: https://www.sproutly.ca
IR: See website
Key People
N/A    
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