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Heritage Cannabis Holdings Corp C.CANN

Alternate Symbol(s):  HERTF

Heritage Cannabis Holdings Corp. is a Canada-based cannabis company offering products to both the medical and recreational legal cannabis markets in Canada and the United States. It focuses on extraction and the creation of extract and extract-derivative products and brands for adult use and cannabis-based medical solutions. It has a portfolio of cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, Thrifty, Adults Only, feelgood., the CB4 suite of medical products in Canada and ArthroCBD in the United States. In Canada, it operates through its subsidiaries, Heritage Cannabis West Corporation (Heritage West) and Heritage Cannabis East Corporation (Heritage East). Heritage West holds a Health Canada issued cultivation, processing, and medical and adult use sales license, as well as an industrial hemp license, a cannabis oil sales license, and a cannabis research license. In the United States, it operates through, Opticann Inc., an oral and topical cannabinoid company.


CSE:CANN - Post by User

Post by lscfaon Oct 01, 2023 1:16pm
215 Views
Post# 35663973

Fins on sedar

Fins on sedar

excise taxes as a % of revenue declining, probably due to more U.S. sales where taxation not as stupid as in Canada.



 

Qtr ending 

Revenue

Net Revenue

Excise Taxes

Gross profit

Gross margin

CFO

Jul 23

11,032,568

8,113,995

2,918,573

3,626,293

32.9%

(622,951)

Apr 23

10,165,939

7,379,043

2,786,896

3,304,658

32.5%

(1,347,356)

Jan 23

9,446,995

6,323,412

3,123,583

2,051,161

21.7%

(1,849,547)

Oct 22

11,148,059

8,038,105

3,109,954

426,112

3.8%

(5,796,112)

Jul 22

10,799,784

7,495,885

3,303,899

2,470,839

22.9%

(1,432,746)

Apr 22

10,452,313

7,491,184

2,961,129

3,184,806

30.5%

29,656

Jan 22

9,596,141

6,541,211

3,054,930

1,884,761

19.6%

(1,602,206)

Oct 21

6,134,334

4,649,025

2,483,917

(2,680,629)

(43.7%)

(4,363,301)

Jul 21

5,111,945

4,314,314

797,631

1,245,245

24.4%

(3,255,121)

Apr 21

4,604,798

3,575,175

1,029,623

1,491,262

32.4%

(1,490,299)

Jan21

1,827,373

1,520,616

306,657

510,255

27.9%

(1,971,587)

 

 

Excise tax / revenue

Qtr ending 

26.5%

Jul 23

27.4%

Apr 23

33.1%

Jan 23

27.9%

Oct 22

30.6%

Jul 22

28.3%

Apr 22

31.8%

Jan 22

40.5%

Oct 21

 

 

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