Avicanna Inc

Avicanna Inc

AVCN · TO · Healthcare / Drug Manufacturers - Specialty & Generic

0.10CAD+0.01 (+17.65%)

Price History

Full chart

Market Stats

Previous Close0.085
Open0.09
Day Range0.09 – 0.10
52-Week Range0.095 – 0.298
Volume110.51K
Market Cap13.44M
P/E (TTM)0.00
Forward P/E0.00
EPS-0.02
Dividend Yield0.00%
Beta0.34
50-Day Avg0.1214
200-Day Avg0.1528

About

Avicanna Inc., a commercial-stage biopharmaceutical company, engages in the research, development, advancement, and commercialization of evidence-based cannabinoid-based products and formulations for medical and pharmaceutical markets in Canada and internationally. It provides medical cannabis formulary products, including oral, sublingual, topical, and transdermal deliveries with various ratios of cannabinoids under the RHO Phyto brand; and indication-specific cannabinoid-based candidates to address unmet medical needs in the areas of dermatology, chronic pain, and various neurological disorders, as well as Trunerox, an indication-specific drug treatment for seizure associated with Lennox-Gastaut Syndrome and Dravet Syndrome. The company also offers active pharmaceutical ingredients comprising various cannabidiol, tetrahydrocannabinol, and cannabigerol for use in the development and production of food, cosmetics, medical, and pharmaceutical products under the Aureus Santa Marta brand. In addition, it operates MyMedi.ca, a medical cannabis care platform that offers a diverse portfolio of products and bilingual pharmacist-led patient support programs, specialty services to veterans, as well as provides educational resources to the medical community to facilitate the incorporation of medical cannabis into health care regimens; and collaborates with public and private payers for adjudication and reimbursement. The company has a research and collaboration agreement with a multinational European based pharmaceutical company to assess its proprietary SEDDS technology in combination with Collaborator's various drug delivery and pharmaceutical formats. Avicanna Inc. was incorporated in 2016 and is headquartered in Toronto, Canada.

Company Details

  • SectorHealthcare
  • IndustryDrug Manufacturers - Specialty & Generic
  • CEOMr. Aras Azadian B.Econ, Mba
  • Employees112
  • Headquarters480 University Avenue, Toronto, ON, Canada, M5G 1V2, Canada
  • Websitehttps://www.avicanna.com

Leadership

  • Mr. Aras Azadian B.Econ, MbaCo-Founder, CEO & Director
  • Mr. Nick Hilborn C.A., CPAChief Financial Officer
  • Mr. Stephen KimChief Legal Officer, General Counsel & Corporate Secretary
  • Ms. Ivana MaricExecutive Vice President of Marketing
  • Dr. Karolina UrbanExecutive Vice President of Scientific & Medical Affairs
  • Dr. Carlos Enrique Maldonado MueteSVP of Clinical Development

Financials

Income Statement

Currency: CAD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue026.66K117.97K168.25K1.57M3.27M4.05M16.79M25.46M25.48M
Growth (%)--+342.49%+42.62%+833.12%+108.22%+23.83%+314.80%+51.62%+0.08%
Cost of Revenue--172.71K76.11K2.14M437.09K2.93M10.13M12.56M12.64M
Gross Profit-26.66K-54.73K92.14K-570.00K2.83M1.11M6.66M12.90M12.84M
Gross Margin-100.00%-46.40%54.76%-36.31%86.63%27.54%39.66%50.66%50.41%
Operating Expense-2.61M8.39M23.32M18.42M14.24M11.53M14.59M17.58M15.56M
Operating Income-29.83K-2.59M-8.45M-23.22M-18.99M-11.41M-10.41M-7.93M-4.68M-2.72M
Operating Margin--9697.64%-7159.39%-13803.10%-1209.43%-349.13%-257.16%-47.25%-18.38%-10.66%
EBITDA-29.83K-2.52M-7.12M-22.27M-33.70M-15.13M-12.18M-7.36M-2.43M-1.97M
EBITDA Margin--9460.43%-6032.84%-13234.91%-2146.43%-462.80%-300.79%-43.80%-9.54%-7.74%
Net Income-29.83K-2.60M-7.10M-22.21M-32.86M-16.77M-14.73M-8.74M-3.62M-2.84M
Net Income Margin--9750.46%-6017.58%-13202.22%-2093.12%-513.15%-364.01%-52.07%-14.21%-11.16%
R&D023.68K456.62K1.22M376.27K304.31K276.94K330.66K178.16K256.42K
R&D as % of Total Revenue-88.81%387.06%723.32%23.97%9.31%6.84%1.97%0.70%1.01%
Interest Expense00054.76K263.11K738.06K1.67M610.26K333.65K51.84K
Interest Expense % of Total Revenue-0.00%0.00%32.55%16.76%22.58%41.30%3.63%1.31%0.20%

Balance Sheet

Currency: CAD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets93.00K2.12M28.18M45.16M30.16M22.30M17.62M21.97M20.12M21.24M
Total Liabilities122.76K1.28M1.80M15.29M16.25M15.39M14.16M14.00M10.38M9.86M
Total Equity-29.76K841.07K18.31M22.39M6.02M1.15M-383.56K-112.50K2.31M2.84M
Cash91.45K1.18M69.30K441.76K1.27M31.00K1.19M477.20K448.03K280.63K
Total Debt110.00K-14.44K1.27M1.94M1.66M3.21M1.80M109.23K-
Net Debt18.55K-1.18M-54.85K829.21K671.18K1.63M2.02M1.33M-338.80K-280.63K

Cash Flow

Currency: CAD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-18.55K-2.13M-4.99M-19.45M-13.97M-11.66M-7.44M-1.40M-2.55M-1.18M
Investing Cash Flow-663.69K-663.69K-7.04M-7.49M-2.71M760.83K810.24K-3.05M-402.57K-255.84K
Financing Cash Flow110.00K3.88M10.92M27.31M17.39M10.06M9.90M3.55M3.41M963.17K
Capital Expenditure512.36K512.36K3.92M7.49M1.46M789.23K66.78K557.56K402.57K255.87K
Free Cash Flow-18.55K-2.65M-8.91M-26.94M-15.43M-12.45M-7.50M-1.96M-2.95M-1.44M
FCF to OCF100.00%124.02%178.51%138.51%110.43%106.77%100.90%139.71%115.81%121.66%

Earnings

Report DateNov 14, 2019Dec 31, 2019May 26, 2020Aug 13, 2020Nov 11, 2020Dec 31, 2020Mar 31, 2021Sep 3, 2021Nov 12, 2021Mar 30, 2022May 11, 2022Aug 15, 2022Nov 11, 2022Mar 30, 2023May 15, 2023Aug 14, 2023Nov 14, 2023May 13, 2024Aug 14, 2024Nov 14, 2024May 14, 2025Aug 14, 2025Nov 13, 2025May 13, 2026Aug 13, 2026Nov 13, 2026
EPS Estimate--0.15-0.09-0.26--0.08-0.04-0.08-0.04-0.06-0.05---0.06-0.06-0.06-0.06---------
EPS Actual-0.28-0.34-0.01-0.25-0.35-0.18-0.14-0.18-0.07-0.18-0.02-0.08-0.05-0.18-0.18-0.18-0.18-0.03-0.02-0.010.00-0.01-0.01-0.01-0.01-
Surprise--126.67%88.89%3.85%--125.00%-250.00%-125.00%-75.00%-200.00%60.00%---200.00%-200.00%-200.00%-200.00%---------
TimingAfter-hours--After-hoursPre-market--After-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap13.44M
Enterprise Value14.08M
Trailing P/E0.00
Forward P/E0.00
Price / Sales0.53
Price / Book3.07
EPS-0.02
Book Value0.034
Revenue (TTM)25.31M
Gross Profit (TTM)13.82M
EBITDA-3.11M
Profit Margin-14.75%
Operating Margin-18.86%
Return on Equity-30.04%
Return on Assets-9.95%
Shares Outstanding134.38M
Shares Float117.65M
Beta0.34
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%