Sector: Consumer Cyclicals | Industry: Miscellaneous Specialty Retailers |
Company Contact | |
Address: | 7941 Jane Street, Unit 2 CONCORD ON L4K 2M7 |
Tel: | N/A |
Website: | delota.com |
IR: | See website |
Key People | ||
Mark Pelchovitz Executive Chairman of the Board | Cameron Wickham Chief Executive Officer, Executive Vice Chairman, Corporate Secretary | Ankit Gosain Chief Financial Officer |
Daniel Pelchovitz Chief Executive Officer of Company'€™s Cannabis Division, Director | Christina Pan Chief Operating Officer |
Business Overview |
Delota Corp. is a Canada-based cannabis and vape retailer. The Company is engaged in selling cannabis products, vape and nicotine-related products, herbal vaporizers, other smoking cessation products, and accessories where regulations permit. The Company operates the retail brands 180 Smoke and Offside Cannabis. 180 Smoke is a specialty vape chain with approximately 28 retail locations across the province and has an e-commerce presence. 180 Smoke has over 130,000 in-store accounts at its brick-and-mortar locations and over 190,000 online accounts through its e-commerce platform. Offside Cannabis is a value-centered dispensary brand providing retail and online services. Its Offside Cannabis has five licensed locations in Niagara Falls (two), Pickering, and Hamilton. |
Financial Overview |
For the nine months ended 31 October 2023, Delota Corp revenues increased 26% to C$23.9M. Net loss totaled C$1M vs. income of C$7.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Gain on acquisition decrease from C$8.1M (income) to C$0K, Salaries and wages increase of 14% to C$4.9M (expense), Office and general increase of 24% to C$1.7M (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $10.07M as of Oct 31, 2023 |
Annual revenue (TTM): | $30.83M as of Oct 31, 2023 |
EBITDA (TTM): | $1.37M as of Oct 31, 2023 |
Net annual income (TTM): | -$1.23M as of Oct 31, 2023 |
Free cash flow (TTM): | $2.30M as of Oct 31, 2023 |
Net Debt Last Fiscal Year: | $5.17M as of Oct 31, 2023 |
Shares outstanding: | 28,985,330 as of Feb 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |