VIVO Cannabis Inc. (V:VIVO*CA)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: Stn Main
PO Box 157
Tel: N/A
IR: See website
Key People
Paul Lucas
Independent Chairman of the Board
Richa Love
Chief Medical Officer
Barry Fishman
Chief Executive Officer, Director
Michael Scott Bumby
Chief Financial Officer
Andreas Sander
President, European Operations, and Managing Director of ABcann Germany GmbH
Daniel Laflamme
Chief Operating Officer, Director
Sung Kang
Chief Marketing Officer
Andrew LaCroix
Vice President - International Business and General Counsel
Ying Guan
Vice President, General Manager - Napanee Operations, Corporate Secretary
Gary J. McMullen
Vice President - Napanee operations
Business Overview
Vivo Cannabis Inc, formerly ABcann Global Corp, is a Canada-based company engaged in the alternative medicine sector. It is a vertically-integrated, cannabis business with a collection of brands targeting consumer segments and needs across both medical and recreational channels, both in Canada and other international markets. The Company's portfolio includes the following brands: Beacon Medical, a standardized pharma-grade cannabis; Fireside Cannabis, tailored to the social user, as well as Lumina Wellness, a wellness-focused cannabis product line. Its wholly owned subsidiary, Harvest Medicine, is an established medical cannabis clinic. The Company holds production and sales licences from Health Canada, and it operates an indoor cultivation facility in Napanee, Ontario, Canada.
Financial Overview
For the three months ended 31 March 2020, VIVO Cannabis Inc revenues increased 62% to C$8.2M. Net loss totaled C$11.1M vs. income of C$5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Unrealized loss (gain) on other financia increase from C$8.9M (income) to C$2.7M (expense).
Employees: 259 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $53.48M as of Mar 31, 2020
Annual revenue (TTM): $26.37M as of Mar 31, 2020
EBITDA (TTM): -$11.91M as of Mar 31, 2020
Net annual income (TTM): -$46.77M as of Mar 31, 2020
Free cash flow (TTM): -$31.45M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 275,441,589 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization