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 |
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 |