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
Steve Gutterman
Chief Executive Officer, Director
Jessica Bast
Principal Financial Officer and Principal Account Officer, Vice President, Controller
Brett M. Wendt
Executive Vice President, General Counsel
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 three months ended 31 March 2020, General Cannabis Corp revenues increased from $795K to $1.7M. Net loss before extraordinary items decreased 55% to $1.9M. Revenues reflect Capital Investments segment increase of 13% to $17K. Lower net loss reflects Amortization of debt discount decrease of 94% to $66K (expense), Share-based expense decrease of 62% to $573K (expense).
Employees: 76 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $24.49M as of Mar 31, 2020
Annual revenue (TTM): $4.54M as of Mar 31, 2020
EBITDA (TTM): -$7.85M as of Mar 31, 2020
Net annual income (TTM): -$13.84M as of Mar 31, 2020
Free cash flow (TTM): -$5.25M as of Mar 31, 2020
Net Debt Last Fiscal Year: $2.15M as of Mar 31, 2020
Shares outstanding: 56,116,869 as of Jun 25, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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