Sector: Consumer Non-Cyclicals | Industry: Drug Retailers |
See Regulatory Filings on SEDAR |
Company Contact | |
Address: | 9080 University Crescent, Suite 308 BURNABY BC V5A 0B7 |
Tel: | N/A |
Website: | https://worldclassextractions.com |
IR: | See website |
Key People | ||
Anthony Durkacz Chairman of the Board | Leo Chamberland President | Rosy Mondin Chief Executive Officer, Director | Zara Kanji Chief Financial Officer |
Business Overview |
World Class Extractions Inc. is a Canada-based company with a focus on the evolving cannabis and hemp industries. Its segments include corporate and development; development and deployment of extraction technology and services, and delivery. The Company operates through its subsidiaries, including Pineapple Express Deliver Inc. (PED) and Soma Labs Scientific Inc. (Soma Labs). Its PED offers delivery of government regulated products, including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan. Its Soma Labs is a designer, manufacturer, and supplier of extraction and processing equipment and solutions. |
Financial Overview |
For the nine months ended 31 January 2022, World Class Extractions Inc revenues decreased 99% to C$100K. Net loss before extraordinary items increased from C$2.6M to C$6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Impairment loss increase from C$16K to C$157K (expense), Interest Income decrease of 96% to C$5K (income). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $10.47M as of Jan 31, 2022 |
Annual revenue (TTM): | $2.74M as of Jan 31, 2022 |
EBITDA (TTM): | -$0.95M as of Jan 31, 2022 |
Net annual income (TTM): | -$7.72M as of Jan 31, 2022 |
Free cash flow (TTM): | -$0.98M as of Jan 31, 2022 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 634,868,097 as of Jan 31, 2022 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |