Adastra Holdings Ltd. (C:XTRX)
Business Focus: Alternative Medicine
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Company News
Oct 11, 2023 08:30 ET
Adastra Holdings Provides Corporate Update Following 2023 Growup Awards Victory as Brand of The Year
LANGLEY, BC / ACCESSWIRE / October 11, 2023 / Adastra Holdings Ltd. (CSE:XTRX) (FRA:D2EP) ("Adastra" or the "Company"), a leading cannabis processor and producer of two top Canadian concentrates brands, with a focus on product innovation and commercialization for adult-use and medical markets, is pleased to provide the following corporate update, highlighting the achievements accomplished thus far in 2023 and outlining the various initiatives planned for the remainder of the year.
Aug 24, 2023 17:15 ET
Adastra Holdings Receives Dual Nominations at 2023 Growup Awards and Gala
Growup Recognizes Excellence in Cannabis Brands and Industry Contributions
Valuation Ratios
Industry
Sector
Beta
-0.33
--
--
Price to Sales - TTM
0.66
2.18
2.63
Price to Book - most recent quarter
0.82
0.86
1.62
Price to Cash Flow per share - TTM
--
17.17
11.03
Price to Free Cash Flow per share - TTM
6.35
15.25
18.37
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Nov 15, 2023 | 2,045 | -3,311 |
| Oct 31, 2023 | 5,356 | 4,453 |
| Oct 15, 2023 | 903 | 539 |
Business Summary
| Sector: Healthcare | Industry: Pharmaceuticals |
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.
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