GLG Life Tech Corporation (T:GLG*CA)
Business Focus: Food Ingredients
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| Company Contact | |
| Address: | Suite 280 - 13071 Vanier Place RICHMOND BC V6V 2J1 |
| Tel: | N/A |
| Website: | https://www.glglifetech.com |
| IR: | See website |
| Key People | ||
| Luke Y. Zhang Chairman of the Board, Chief Executive Officer | Edward Wang Chief Financial Officer | Simon Springett Chief Operating Officer, Director |
| Business Overview |
| GLG Life Tech Corporation is a producer of stevia extract and monk fruit extract. The Company specializes in the research and development, growing, refining and production of natural sweeteners for distribution to the global food and beverage industry. The Company's business operates through the Natural Sweeteners Products segment. The Natural Sweeteners Products segment is the manufacturing and sales of refined forms of stevia and monk fruit, which has operations in China and North America. Its retail business includes Sweet Time Stevia Extract and Sweet Time Sucralose. This portfolio provides customers with unparalleled zero calorie sweetener options and custom formulations tailored to its customers' specific calorie reduction needs. Its stevia products line includes RebPure, TasteBoost, BevSweet and BakeZeroCal. Its Monk fruit products line include Monk Sweet and Monk Gold. The Company's products also include REB M GOLD. Its subsidiary is Anhui Runhai Biotechnology Co., Ltd. |
| Financial Overview |
| For the nine months ended 30 September 2023, GLG Life Tech Corp revenues decreased 25% to C$5.9M. Net loss decreased 3% to C$16.6M. Revenues reflect North America segment decrease of 41% to C$4.4M, China segment decrease of 96% to C$20K. Basic Earnings per Share excluding Extraordinary Items increased from -C$0.45 to -C$0.43. |
| Employees: | 86 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $113.41M as of Sep 30, 2023 |
| Annual revenue (TTM): | $8.99M as of Sep 30, 2023 |
| EBITDA (TTM): | $0.32M as of Sep 30, 2023 |
| Net annual income (TTM): | -$32.45M as of Sep 30, 2023 |
| Free cash flow (TTM): | $1.27M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $114.35M as of Sep 30, 2023 |
| Shares outstanding: | 38,394,223 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.