RE:RE:RE:RE:RedecanShareholders held Redecan privately.
Your personal experience with Wappa may not have been to your liking. Do note that Redecan Wappa is on the
OCS's Best Sellers List.
https://ocs.ca/collections/bestsellers?product=6632185333580&sort_by=products&page=2 As for Redecan, by themselves they were the most
Profitable LP in Canada. They are probably one of the only LP's to also have higher Gross Margin this year over last year. Would have been nice for Tilray to scoop that asset however the Price Hexo paid was somewhat inflated.
Redecan financial highlights
- Revenue of C$73.6 million for 2020 and $24.7 million in Q1 2021, representing an increase of 146 per cent over Q1 2020
- Unadjusted EBITDA of $28.9 million for 2020 and $12.4 million for Q1 2021
- Income from operations of $8.3 million and net earnings of $6.9 million in Q1 2021
- Income from operations of $16.7 million and net earnings of $11.6 million in 2020
- Gross margins of 51 per cent in 2020 and 58 per cent in Q1 2021
- PPE was $84.1 million as of December 31, 2020, the lowest among Canada’s top six licensed producers
HopefulJuan wrote: Redecan would have had shareholders but was not listed as a public company to my knowledge. I gave up on them after choking on the no buzz Wappa they were selling. They had to know it was no good but tried selling it anyway. Many choices.