Vencanna Ventures Inc. (C:VENI*CA)

Business Focus: Venture Capital

Sector:  Financials Industry:  Investment Management & Fund Operators
 
Company Contact
Address: Suite 200, 622 5 Avenue SW
CALGARY AB T2P 0M6
Tel: N/A
Website: https://vencanna.com
IR: See website
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Key People
Jonathan Robert Sharun
Executive Chair of the Board, Chief Financial Officer
David Gordon Mcgorman
Chief Executive Officer, Director
 
Business Overview
Vencanna Ventures Inc. is a Canada-based merchant capital firm. The Company provides capital for early-stage global cannabis initiatives, including state-compliant opportunities in the United States. The Company is engaged in offering investors a diversified and high-growth cannabis investment strategy. It proposes to achieve this through strategic investments and acquisitions spanning the entire cannabis value chain, encompassing cultivation, processing, distribution, retail, and ancillary businesses, with a particular focus in the United States. The Company holds a 60% interest in a cultivation application and a 54% interest in a dispensary application. It holds Cannavative Group (Cannavative), which offers an extensive range of extracted items, including the Motivator infused pre-roll and Resin8 vape.
Financial Overview
For the nine months ended 31 January 2024, Vencanna Ventures Inc revenues decreased 43% to C$409K. Net loss applicable to common stockholders increased 76% to C$348K. Revenues reflect FV/UlsAdjust on Derivatives for Hedging. decrease from C$181K to -C$98K, Unrealized gain/(loss) on foreign exchan decrease from C$179K to -C$64K. Higher net loss reflects Interest and bank charges increase of 6% to C$155K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1.11M as of Jan 31, 2024
Annual revenue (TTM): $0.04M as of Jan 31, 2024
EBITDA (TTM): -$0.77M as of Jan 31, 2024
Net annual income (TTM): -$0.98M as of Jan 31, 2024
Free cash flow (TTM): -$1.49M as of Jan 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 181,283,390 as of Jan 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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