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Vitality Products Inc. (V:VPI)

Business Focus: Pharmaceuticals (NEC)

Sector:  Healthcare Industry:  Pharmaceuticals
 
Company Contact
Address: Suite 304, 837 West Hastings Street
VANCOUVER BC V6C 3N6
Tel: 1-604-5911322
Website: https://www.vitality.ca
IR: See website
Key People
Cheryl A. Grant
President, Chief Executive Officer, Director
W. Douglas Grant
Chief Financial Officer, Vice President, Secretary, Director
 
Business Overview
Vitality Products Inc. is a Canada-based company, which is in the business of manufacturing, marketing, and distributing natural health products, including vitamins, minerals and nutritional supplements. The Company is focused on key growth categories in natural health. Its product categories include iron, the essentials, sleep and stress and collagen. Its iron products include Power Iron + Spirulina and Daily Iron + Spirulina. The essential products include Time Release Super Multi+, Time Release B Complex + C 600 Mg, Digest+ and Trace Minerals + Chlorella. The sleep and stress products include Relax+, Magnesium + Chamomile Capsules - Adults, Magnesium + Chamomile and others. Its collagen products include Marine Collagen + Biotin, Marine Collagen + Cranberry and Marine Collagen + Rose. The Company maintains a distribution facility in British Columbia and an investment property in Whatcom County, Washington. Its products are sold in over 600 stores.
Financial Overview
For the nine months ended 31 October 2023, Vitality Products Inc revenues decreased 8% to C$616K. Net loss decreased 43% to C$239K. Revenues reflect Canada segment decrease of 5% to C$589K, United States segment decrease of 46% to C$26K. Lower net loss reflects Consulting Fees decrease of 46% to C$63K (expense), Wages and salary decrease of 15% to C$277K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1.76M as of Oct 31, 2023
Annual revenue (TTM): $0.78M as of Oct 31, 2023
EBITDA (TTM): -$0.27M as of Oct 31, 2023
Net annual income (TTM): -$0.36M as of Oct 31, 2023
Free cash flow (TTM): -$0.16M as of Oct 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 41,411,285 as of Oct 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization