Jacksam Corp (PK:JKSM)

Business Focus: Industrial Machinery & Equipment

Sector:  Industrials Industry:  Industrial Machinery & Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: 3100 AIRWAY AVENUE, SUITE 138
COSTA MESA CA 92626
Tel: N/A
Website: jacksamcorp.com
IR: See website
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Key People
Mark Adams
President, Chief Executive Officer, Interim Chief Financial Officer, Director
   
Business Overview
Jacksam Corporation is a technology company, which is focused on the development and commercialization of products of vaporizer cartridge filling and capping, pre-roll filling, and automation systems. The Company serves the medical and recreational cannabis, hemp and cannabidiol (CBD) segments of the e-cigarette, vaporizer and pre-roll markets. Its product line primarily consists of the 710 Shark cartridge filling machine, the 710 Captain cartridge capping machine, the PreRoll-ER automated pre-roll & cone filling machine, and cartridges. The Company's customers are primarily businesses operating in jurisdictions. These businesses include medical and recreational cannabis multi-state operators (MSOs), dispensaries, large and small-scale processors, growers, and distributors. The Company utilizes its direct sales force, its strategic partners sales force, independent sales representatives, its Website, and a range of referral network to sell its products.
Financial Overview
For the nine months ended 30 September 2023, Jacksam Corp revenues decreased 67% to $1.2M. Net loss applicable to common stockholders increased 55% to $609K. Revenues reflect Machine sales segment decrease of 80% to $486K, Consumable product sales segment decrease of 77% to $298K. Higher net loss reflects Derivative gain (loss) decrease from $436K (income) to $331K (expense). Basic Earnings per Share excluding Extraordinary Items totaled to -$0.01.
Employees: 7 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $2.38M as of Sep 30, 2023
Annual revenue (TTM): $1.61M as of Sep 30, 2023
EBITDA (TTM): -$0.71M as of Sep 30, 2023
Net annual income (TTM): -$1.83M as of Sep 30, 2023
Free cash flow (TTM): -$0.13M as of Sep 30, 2023
Net Debt Last Fiscal Year: $1.11M as of Sep 30, 2023
Shares outstanding: 81,088,719 as of Dec 20, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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