Gaia Grow Corp. (C:GAIA*CA)

Business Focus: Pharmaceuticals (NEC)

Sector:  Healthcare Industry:  Pharmaceuticals
 
Company Contact
Address: 303, 750 West Pender Street
VANCOUVER BC V6C 2T7
Tel: N/A
Website: https://www.gaiagrow.com
IR: See website
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Key People
James Tworek
President, Director
Frederick Pels
Chief Executive Officer, Director
 
Business Overview
Gaia Grow Corp. is a Canada-based hemp producer company. The Company, through its wholly owned subsidiary Tru Extracts (Calgary) Ltd. (TruExtracts), is focused on developing, formulating and commercializing cannabinoid-containing end-user facing products, such as edibles, prerolls and concentrates. TruExtracts Laboratories is a cannabis and hemp processors, with an approximately 12,500 square foot facility in Calgary. The facility is Health Canada licensed and fully operational, with an expansion capability of an additional 16,000 additional square feet. TruExtracts services include toll processing, tetrahydrocannabinol (THC), cannabidiol (CBD) extractions and isolates, as well as white label service and cannabis THC and CBD products.
Financial Overview
For the nine months ended 30 September 2022, Gaia Grow Corp revenues increased from C$7K to C$129K. Net loss increased 99% to C$3.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Payroll increase of 66% to C$255K (expense), Professional fees increase of 39% to C$262K (expense), Interest increase of 64% to C$156K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1.16M as of Sep 30, 2022
Annual revenue (TTM): $0.13M as of Sep 30, 2022
EBITDA (TTM): -$1.62M as of Sep 30, 2022
Net annual income (TTM): -$8.18M as of Sep 30, 2022
Free cash flow (TTM): -$1.15M as of Sep 30, 2022
Net Debt Last Fiscal Year: $1.20M as of Sep 30, 2022
Shares outstanding: 23,003,411 as of Dec 7, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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