Added to YB: 2024-06-14
Pitch date: 2024-06-11
OILS.CN [neutral]
Nextleaf Solutions Ltd.
-52.38%
current return
Author Info
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Company Info
Nextleaf Solutions Ltd., a cannabis extraction technology company, engages in the manufacture and distribution of cannabinoid vapes, oils, and softgels in Canada.
Market Cap
CAD 16.1M
Pitch Price
CAD 0.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.19
P/E
-20.00
EV/Sales
1.37
Sector
Pharmaceuticals
Category
growth
NextLeaf Solutions $OILS.C (2.5/5)
OILS.CN: Q2 revenue +57% YoY to $3.4M, YTD +97% to $6.62M. Gross margin improved to 27.8% vs 14.1% PY. However, operating expenses tripled, resulting in a wider $880k loss YTD. SBC 37% of opex. Current ratio 1.3, debt-free. Cash flow positive but worse than PY. 161M shares out with further dilution. Disappointing results compared to peers like HASH. Downgraded to 2.5 stars.
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