Coho Collective Kitchens Inc. (V:COHO)
Business Focus: Restaurants & Bars (NEC)
| Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
| Company Contact | |
| Address: | 1623 Pandora Street VANCOUVER BC V5L 0B1 |
| Tel: | N/A |
| Website: | https://www.cohocommissary.com |
| IR: | See website |
| Key People | ||
| Andrew Barnes Chief Executive Officer, Co-Founder, Director | Amrit Maharaj Co-Founder, Chief Operating Officer, Director | Jennifer Chan Chief Marketing Officer | Bernadette Dsilva Corporate Secretary |
| Business Overview |
| Coho Collective Kitchens Inc. is a Canada-based commercial real estate and food technology company. The Company provides private and shared kitchen and production space to food-based businesses ranging from start-ups to restaurant groups seeking turnkey solutions and business services. The Company operates fast-casual restaurants and shared-kitchen facilities. Its principal business activities are the provision of commercial commissary/Ghost Kitchens and rental of these kitchens to food-based businesses in Canada. Its services include access to share-kitchen facilities, access to marketing services, access to pre-negotiated deals with suppliers, and business consultation services. Its brands include Coho Commissary, Purebread and Brassica. Coho Commissary helps food business across six locations across British Columbia. Purebread is a handmade bakery with breads, treats and savories for breakfast, lunch, and dinner. The Company's subsidiaries include Coho Commissary Inc. and others. |
| Financial Overview |
| For the nine months ended 31 December 2023, Coho Collective Kitchens Inc revenues increased from C$1.9M to C$6.7M. Net loss increased 3% to C$4.7M. Revenues reflect Retail increase from C$614K to C$4.7M, Rental increase of 53% to C$2M. Higher net loss reflects Salaries and benefits increase of 64% to C$3.4M (expense), Occupancy cost increase from C$596K to C$1.2M (expense), Amortization increase of 56% to C$1.4M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $24.87M as of Dec 31, 2023 |
| Annual revenue (TTM): | $7.28M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.78M as of Dec 31, 2023 |
| Net annual income (TTM): | -$6.22M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$5.68M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $23.53M as of Dec 31, 2023 |
| Shares outstanding: | 115,783,402 as of Mar 27, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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