Sector: Healthcare | Industry: Pharmaceuticals |
Company Contact | |
Address: | 77 King Street West, Suite 2905, P.O. Box 121 TORONTO ON M5K 1H1 |
Tel: | N/A |
Website: | https://high-fusion.com |
IR: | See website |
Key People | ||
Adam K. Szweras Chairman of the Board, Secretary | John Durfy Chief Executive Officer, Director | Robert Wilson Chief Financial Officer | Billy A. Morrison Chief Technology Officer, Director |
Business Overview |
Vertical Peak Holdings Inc. (Vertical Peak) is focused on developing and manufacturing branded products in the cannabis industry with a specific focus on flower, pre-rolls, vapes, edibles and oil extracts for medical and adult recreational use. The Company operates and controls licenses in California, which include manufacturing, retail and cultivation operations in California. Vertical Peak's main portfolio includes the OutCo and Thrive brands. |
Financial Overview |
For the nine months ended 30 April 2023, Vertical Peak Holdings Inc revenues increased 43% to C$6.7M. Net loss applicable to common stockholders excluding extraordinary items decreased 47% to C$4.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Impairment of Intangibles Excl Goodwill decrease from C$2.2M (expense) to C$0K. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $12.33M as of Apr 30, 2023 |
Annual revenue (TTM): | $8.28M as of Apr 30, 2023 |
EBITDA (TTM): | -$6.50M as of Apr 30, 2023 |
Net annual income (TTM): | -$14.92M as of Apr 30, 2023 |
Free cash flow (TTM): | -$0.84M as of Apr 30, 2023 |
Net Debt Last Fiscal Year: | $11.72M as of Apr 30, 2023 |
Shares outstanding: | 196,753,981 as of May 12, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |