Sector: Healthcare | Industry: Pharmaceuticals |
Company Contact | |
Address: | 5451 - 275 Street LANGLEY BC V4W 3X8 |
Tel: | N/A |
Website: | https://www.adastraholdings.ca |
IR: | See website |
Key People | ||
Lachlan Mcleod Interim Chief Executive Officer, Chief Financial Officer, Company Secretary |
Business Overview |
Adastra Holdings Ltd. is a Canada-based company, which is engaged in the supply and manufacturing of ethnobotanical and cannabis products. The Company serves medical markets and is engaged in therapeutic applications. The Company's Phyto Extractions and Endgame Extracts brands distribute cannabis concentrate products through retailers at approximately 2,000 locations across Canada. As a Health Canada licensed facility, it specializes in extraction, distillation and manufacturing of a range of cannabis-derived products. It partners with healthcare professionals and practitioners within the regulated environment to create products suitable for the medical cannabis market. Its subsidiaries include Adastra Labs Holdings (2019) Ltd., Adastra Labs Inc., 1178562 B.C. Ltd., Adastra Brands Inc., Chemia Analytics Inc., 1225140 B.C. Ltd and 1204581 B.C. Ltd. |
Financial Overview |
For the fiscal year ended 31 December 2023, Adastra Holdings Ltd revenues increased 67% to C$22.2M. Net loss decreased 17% to C$3.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Impairment of goodwill decrease from C$1.7M (expense) to C$0K, Loss on termination of license agreement decrease of 71% to C$443K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $14.02M as of Dec 31, 2023 |
Annual revenue (TTM): | $22.22M as of Dec 31, 2023 |
EBITDA (TTM): | $0.12M as of Dec 31, 2023 |
Net annual income (TTM): | -$3.54M as of Dec 31, 2023 |
Free cash flow (TTM): | $1.18M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $2.26M as of Dec 31, 2023 |
Shares outstanding: | 55,970,547 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |