Sector: Consumer Non-Cyclicals | Industry: Food Processing |
Company Contact | |
Address: | c/o Bentall 5 550 Burrard Street, Suite 1008 VANCOUVER BC V6C 2B |
Tel: | N/A |
Website: | https://www.plantinghopecompany.com |
IR: | See website |
Key People | ||
Julia Stamberger Chairman of the Board, Chief Executive Officer | Susan Waltersflood Chief Operating Officer |
Business Overview |
The Planting Hope Company Inc. is a Canada-based food technology company focused on leveraging ingredient, formulation and packaging technology to develop sustainable food and beverage solutions. The principal business of the Company is to develop, launch and scale nutritious and sustainable consumer packaged foods and beverages in the natural food products segment of the United States, Canada and internationally. The Company's brands include Hope and Sesame Sesamemilk, Veggicopia, Mozaics and RightRice. Hope and Sesame Sesamemilk is a plant-based milk, which is made from plant sources, such as nuts, grains and beans. Mozaics Real Veggie Chips is an alternative to traditional potato and corn-based chips and snack foods, featuring real veggies. Veggicopia provides plant-based snacking, including single-serving dip cups and snack olives. RightRice is an alternative to traditional rice and flavoured rice blends that offer starch as nutrition. |
Financial Overview |
For the nine months ended 30 September 2023, Planting Hope Co Inc revenues decreased 22% to $5.6M. Net loss increased 62% to $7.4M. Revenues reflect Wholesale segment decrease of 45% to $2.6M, Non Traditional segment decrease of 95% to $15K, U.S segment decrease of 18% to $7.8M. Higher net loss reflects Change in value of financial instruments decrease from $4.7M (income) to $0K. |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $11.10M as of Sep 30, 2023 |
Annual revenue (TTM): | $10.08M as of Sep 30, 2023 |
EBITDA (TTM): | -$16.09M as of Sep 30, 2023 |
Net annual income (TTM): | -$14.46M as of Sep 30, 2023 |
Free cash flow (TTM): | -$8.27M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $8.56M as of Sep 30, 2023 |
Shares outstanding: | 77,961,178 as of Jan 24, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |