Heritage Cannabis Holdings Corp. (C:CANN*CA)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 929 Mainland St
VANCOUVER BC V6B 1S3
Tel: N/A
Website: https://heritagecann.com
IR: See website
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Key People
Donald Ziraldo
Chairman of the Board
Clinton B. Sharples
Chief Executive Officer
Kristina Khersonski
Chief Financial Officer, Corporate Secretary
Daniel Phaure
Chief Operating Officer
Michael Tkautz
Vice President - Business Development
Christopher Roy Spooner
Chief Science Officer
Elizabeth Thomas
Corporate Secretary
   
Business Overview
Heritage Cannabis Holdings Corp, formerly Umbral Energy Corp, is Canada-based company engaged in the alternative medicine sector. The Company is a marijuana issuer having an approximately 70% interest in PhyeinMed Inc, a Health Canada late stage applicant under the Access to Cannabis for Medical Purposes Regulations (ACMPR). Heritage Cannabis Holdings Corp is a parent and development company. The Company's strategic plan is to acquire Cannabis related companies.
Financial Overview
For the six months ended 30 April 2020, Heritage Cannabis Holdings Corp revenues increased from C$0K to C$4.5M. Net loss decreased 44% to C$3.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Share-based payments decrease of 89% to C$320K (expense), Consulting fees decrease of 50% to C$459K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $28.76M as of Apr 30, 2020
Annual revenue (TTM): $8.08M as of Apr 30, 2020
EBITDA (TTM): -$8.45M as of Apr 30, 2020
Net annual income (TTM): -$9.72M as of Apr 30, 2020
Free cash flow (TTM): -$22.69M as of Apr 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 473,718,024 as of Apr 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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