General Cannabis Corp (PK:CANN)

Sector:  Industrials Industry:  Business Support Services
 
See Regulatory Filings on SEC
Company Contact
Address: 6565 E Evans Ave
DENVER CO 80224-2351
Tel: N/A
Website: www.generalcann.com
IR: See website
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Key People
Carl Joseph Williams
Independent Chairman of the Board
Steve Gutterman
Chief Executive Officer, Director
Diane Jones
Chief Financial Officer, Principal Accounting Officer
Brett M. Wendt
Executive Vice President, General Counsel
Jessica Bast
Controller
 
Business Overview
General Cannabis Corporation offers various products and services to companies in the cannabis industry. The Company's integrated solution ranges from operational and compliance consulting to security and marketing to financing needs. The Company's segments include Security and Cash Management Services; Marketing and Products; Consulting and Advisory, and Finance and Real Estate. The Security and Cash Management Services segment includes the operations of Iron Protection Group, LLC. The Marketing and Products segment includes the operations of Chiefton Supply Co. (Chiefton), an apparel and design company. The Consulting and Advisory segment offers consulting services, such as obtaining licenses, compliance, cultivation and logistical support, to the cannabis industry through Next Big Crop. The Finance and Real Estate segment includes real estate leasing; Shared Office Space, Networking and Event Services, and Industry Finance and Equipment Leasing Services.
Financial Overview
For the nine months ended 30 September 2020, GeneralCannabis Corp revenues increased from $2.5M to $5M. Netloss applicable to common stockholders excludingextraordinary items decreased 53% to $4.5M. Revenuesreflect Cultivation segment increase from $0K to $1.3M,Operations Consulting and Products segment increase of 49%to $3.6M. Lower net loss reflects Gain on warrantderivative liability increase from $421K to $2.4M (income).
Employees: 76 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $73.31M as of Sep 30, 2020
Annual revenue (TTM): $6.17M as of Sep 30, 2020
EBITDA (TTM): -$7.08M as of Sep 30, 2020
Net annual income (TTM): -$11.00M as of Sep 30, 2020
Free cash flow (TTM): -$5.36M as of Sep 30, 2020
Net Debt Last Fiscal Year: $1.50M as of Sep 30, 2020
Shares outstanding: 59,838,929 as of Nov 10, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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