Cash flow C21 Investments Inc.

Equities

CXXI

CA12675Q1019

Pharmaceuticals

Market Closed - Canadian Securities Exchange Other stock markets 03:59:44 2024-09-16 pm EDT			5-day change	1st Jan Change
0.3300 ^CAD	+6.45%		+8.20%	+3.12%

Aug. 16	C21 Investments Reports Q1 Net Loss, no Comparable Figures Available	MT
Aug. 16	C21 Investments Inc. Reports Earnings Results for the First Quarter Ended June 30, 2024	CI

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Published financial data: C21 INVESTMENTS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2020	2021	2022	2023	2024
Revenues	37.71M	36.13M	32.98M	28.89M	26.79M
Total Revenues	37.71M	36.13M	32.98M	28.89M	26.79M
Cost of Goods Sold, Total	24.38M	18.86M	14.17M	17.13M	17.58M
Gross Profit	13.32M	17.27M	18.81M	11.76M	9.21M
Selling General & Admin Expenses, Total	10.61M	7.14M	9.06M	6.09M	6.21M
Stock-Based Compensation (IS)	493K	494K	-	-	-
Depreciation & Amortization - (IS)	3.41M	2.11M	-	1.37M	1.24M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses, Total	14.5M	9.74M	9.06M	7.46M	7.45M
Operating Income	-1.18M	7.52M	9.75M	4.3M	1.75M
Interest Expense, Total	-4.3M	-4.49M	-1.31M	-457K	-35.21K
Interest And Investment Income	2.35K	-	-	-	-
Net Interest Expenses	-4.3M	-4.49M	-1.31M	-457K	-35.21K
Other Non Operating Income (Expenses)	5.02M	-5.51M	8.68M	695K	174K
EBT, Excl. Unusual Items	-458K	-2.47M	17.13M	4.54M	1.93M
Merger & Related Restructuring Charges	-332K	-1.2M	-	-	-
Impairment of Goodwill	-22.38M	-	-	-	-
Gain (Loss) On Sale Of Assets	-	56.19K	-	-	-11.66K
Asset Writedown	-5.68M	-117K	-	-	-1.2M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-346K	504K
EBT, Incl. Unusual Items	-28.84M	-3.74M	17.13M	4.19M	1.93M
Income Tax Expense	3.71M	2.37M	3.97M	2.81M	2.24M
Earnings From Continuing Operations	-32.56M	-6.11M	13.16M	1.38M	-309K
Earnings Of Discontinued Operations	-	-	-2.24M	-1.09M	-138K
Net Income to Company	-32.56M	-6.11M	10.92M	293K	-446K
Net Income - (IS)	-32.56M	-6.11M	10.92M	293K	-446K
Net Income to Common Incl Extra Items	-32.56M	-6.11M	10.92M	293K	-446K
Net Income to Common Excl. Extra Items	-32.56M	-6.11M	13.16M	1.38M	-309K
Per Share Items
Net EPS - Basic	-0.42	-0.06	0.09	0	-0.03
Basic EPS - Continuing Operations	-0.42	-0.06	0.11	0.01	-0.03
Basic Weighted Average Shares Outstanding	76.68M	105M	118M	120M	120M
Net EPS - Diluted	-0.42	-0.06	0.09	0	-0.03
Diluted EPS - Continuing Operations	-0.42	-0.06	0.11	0.01	-0.03
Diluted Weighted Average Shares Outstanding	76.68M	105M	121M	123M	120M
Normalized Basic EPS	-0	-0.01	0.09	0.02	0.01
Normalized Diluted EPS	-0	-0.01	0.09	0.02	0
Supplemental Items
EBITDA	2.22M	9.62M	10.85M	5.67M	2.5M
EBITA	1.52M	8.99M	11.13M	5.64M	2.92M
EBIT	-1.18M	7.52M	9.75M	4.3M	1.75M
EBITDAR	-	-	11.44M	6.26M	523K
Effective Tax Rate - (Ratio)	-12.88	-63.26	23.19	67.04	116.01
Current Foreign Taxes	3.71M	2.37M	3.43M	2.87M	3.06M
Total Current Taxes	3.71M	2.37M	3.43M	2.87M	3.06M
Deferred Foreign Taxes	-	-	547K	-56.92K	-827K
Total Deferred Taxes	-	-	547K	-56.92K	-827K
Normalized Net Income	-286K	-1.55M	10.71M	2.84M	1.2M
Interest on Long-Term Debt	4.3M	4.49M	1.31M	457K	35.21K
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.12M	166K	-	83.67K	129K
General and Administrative Expenses	9.49M	6.97M	-	1.61M	1.53M
Net Rental Expense, Total	-	-	591K	591K	106K
Imputed Operating Lease Interest Expense	-	-	268K	140K	15.62K
Imputed Operating Lease Depreciation	-	-	323K	451K	618K
Stock-Based Comp., SG&A Exp. (Total)	-	-	366K	209K	22.13K
Stock-Based Comp., Other (Total)	493K	494K	-	-	-
Total Stock-Based Compensation	493K	494K	366K	209K	22.13K

Fiscal Period: January	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.08M	6.24M	3.07M	1.89M	3.26M
Total Cash And Short Term Investments	3.08M	6.24M	3.07M	1.89M	3.26M
Accounts Receivable, Total	421K	182K	198K	401K	238K
Other Receivables	22.01K	28K	11.94K	10.83K	16.37K
Total Receivables	443K	210K	210K	412K	254K
Inventory	7.6M	6.76M	4.05M	4.17M	2.87M
Prepaid Expenses	543K	932K	773K	882K	593K
Other Current Assets, Total	-	1.44M	2.18M	1.38M	1.16M
Total Current Assets	11.66M	15.58M	10.28M	8.74M	8.14M
Gross Property Plant And Equipment	11.04M	16.33M	14.78M	14.42M	14.09M
Accumulated Depreciation	-2.54M	-2.65M	-1.03M	-1.35M	-1.96M
Net Property Plant And Equipment	8.49M	13.68M	13.75M	13.07M	12.14M
Goodwill	28.54M	28.54M	28.54M	28.54M	28.54M
Other Intangibles, Total	12.7M	10.96M	9.22M	7.89M	6.29M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	9.02K	23.36K	122K
Deferred Charges Long-Term	6.98K	-	-	-	-
Other Long-Term Assets, Total	46.11K	47.74K	49.01K	46.87K	-
Total Assets	61.45M	68.81M	61.85M	58.31M	55.23M
Liabilities
Accounts Payable, Total	1.14M	1.38M	1.4M	1.84M	1.46M
Accrued Expenses, Total	2.35M	1.3M	1.11M	467K	524K
Current Portion of Long-Term Debt	29.44M	8.6M	8.24M	3.18M	1.16M
Current Portion of Leases	1.13M	438K	326K	399K	387K
Current Income Taxes Payable	3.71M	3.38M	3.66M	7.74M	10.23M
Unearned Revenue Current, Total	-	-	-	94.07K	288K
Other Current Liabilities	846K	629K	-	1.25M	1M
Total Current Liabilities	38.62M	15.72M	14.73M	14.97M	15.05M
Long-Term Debt	1.63M	8.57M	2.03M	-	-
Long-Term Leases	3.87M	9.69M	8.95M	8.55M	9.12M
Deferred Tax Liability Non Current	-	-	-	-	15.96K
Other Non Current Liabilities	3.75M	9.49M	1.16M	467K	84.87K
Total Liabilities	47.87M	43.47M	26.87M	24M	24.25M
Common Stock, Total	76.03M	92.24M	105M	105M	105M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-70.51M	-76.62M	-68.51M	-69.47M	-72.85M
Comprehensive Income and Other	8.06M	9.72M	-1.74M	-1.66M	-1.64M
Total Common Equity	13.58M	25.34M	34.98M	34.32M	30.97M
Total Equity	13.58M	25.34M	34.98M	34.32M	30.97M
Total Liabilities And Equity	61.45M	68.81M	61.85M	58.31M	55.23M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	96.62M	118M	120M	120M	120M
ECS Total Common Shares Outstanding	89.39M	117M	120M	120M	120M
Book Value / Share	0.15	0.22	0.29	0.29	0.26
Tangible Book Value	-27.66M	-14.16M	-2.78M	-2.11M	-3.85M
Tangible Book Value Per Share	-0.31	-0.12	-0.02	-0.02	-0.03
Total Debt	36.07M	27.3M	19.54M	12.14M	10.66M
Net Debt	32.99M	21.06M	16.47M	10.24M	7.4M
Debt Equivalent Oper. Leases	-	-	4.73M	4.73M	5.07M
Account Code - Inventory Valuation	3	3	-	6	6
Inventories - Raw Materials, Total	-	-	177K	123K	181K
Inventories - Work In Process, Total	2.31M	3.25M	2.03M	2.49M	1.14M
Inventories - Finished Goods, Total	3.88M	2.17M	1.85M	1.56M	1.55M
Inventories - Others	1.41M	1.34M	-	-	-
Land - (BS)	1.37M	2.7M	1.33M	1.33M	500K
Machinery, Total	2.18M	1.73M	2.81M	2.93M	2.79M
Full Time Employees	116	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.98K	-	-	-	-

Fiscal Period: January	2020	2021	2022	2023	2024
Net Income	-32.56M	-6.11M	10.92M	293K	-446K
Depreciation & Amortization - CF	2.28M	1.91M	-77.76K	524K	72.73K
Amortization of Goodwill and Intangible Assets - (CF)	2.7M	1.46M	1.37M	1.34M	1.17M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	4.98M	3.38M	1.29M	1.86M	1.24M
Amortization of Deferred Charges, Total - (CF)	729	729	-	-	-
(Gain) Loss From Sale Of Asset	-	-56.19K	-	-	11.66K
Asset Writedown & Restructuring Costs	28.05M	1.32M	-	-	1.2M
Stock-Based Compensation (CF)	493K	494K	366K	209K	22.13K
Net Cash From Discontinued Operations	-	-	-1.6M	-71.29K	41.17K
Other Operating Activities, Total	5.94M	12.92M	-4.4M	1.39M	-326K
Change In Accounts Receivable	-36.02K	233K	-94.41K	-202K	-308K
Change In Inventories	1.4M	1.26M	-1.36M	-294K	-448K
Change In Accounts Payable	-2.83M	-429K	1.57M	185K	2.14M
Change in Unearned Revenues	-	-	-	94.07K	-84.01K
Change In Income Taxes	-	-2.7M	280K	2.87M	3.06M
Change in Other Net Operating Assets	62.71K	-388K	-125K	-434K	595K
Cash from Operations	5.51M	9.92M	6.84M	5.9M	5.47M
Capital Expenditure	-510K	-228K	-2.56M	-442K	-309K
Cash Acquisitions	-4.03M	-976K	-	-	-
Sale (Purchase) of Intangible assets	-	100K	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-	-	1.17M	51.36K	400K
Cash from Investing	-4.54M	-1.1M	-1.39M	-391K	-309K
Long-Term Debt Issued, Total	654K	5.47M	-	-	-
Total Debt Issued	654K	5.47M	-	-	-
Long-Term Debt Repaid, Total	-10.93M	-8.75M	-7.29M	-6.12M	-2.03M
Total Debt Repaid	-10.93M	-8.75M	-7.29M	-6.12M	-2.03M
Issuance of Common Stock	6.46M	98.95K	533K	-	-
Other Financing Activities, Total	-3.29M	-2.52M	-1.09M	-564K	-45.55K
Cash from Financing	-7.1M	-5.7M	-7.84M	-6.68M	-45.55K
Foreign Exchange Rate Adjustments	144K	36.06K	-767K	-1.36K	-2.19K
Net Change in Cash	-5.99M	3.16M	-3.17M	-1.18M	5.11M
Supplemental Items
Cash Interest Paid	3.29M	2.52M	3.41M	506K	51.56K
Cash Income Tax Paid (Refund)	-	-	3.15M	-	1.25M
Levered Free Cash Flow	4.04M	3.52M	2.35M	7.5M	4.93M
Unlevered Free Cash Flow	6.73M	6.33M	3.16M	7.79M	4.95M
Change In Net Working Capital	-2.5M	2.12M	2.03M	-3.47M	-3.12M
Net Debt Issued / Repaid	-10.27M	-3.28M	-7.29M	-6.12M	-2.03M

Fiscal Period: January	2020	2021	2022	2023	2024
Profitability
Return on Assets	-1.06	7.22	9.48	4.47	1.65
Return on Total Capital	-1.22	9.19	11.69	5.44	2.11
Return On Equity %	-187.82	-31.38	45.19	4.06	-9.86
Return on Common Equity	-187.82	-31.38	45.19	4.06	-9.86
Margin Analysis
Gross Profit Margin %	35.33	47.8	57.03	40.69	34.38
SG&A Margin	28.13	19.76	27.45	21.09	23.19
EBITDA Margin %	5.9	26.62	32.9	19.63	9.34
EBITA Margin %	4.04	24.87	33.73	19.51	10.91
EBIT Margin %	-3.13	20.82	29.58	14.88	6.55
Income From Continuing Operations Margin %	-86.34	-16.9	39.9	4.78	-1.15
Net Income Margin %	-86.34	-16.9	33.1	1.01	-1.67
Net Avail. For Common Margin %	-86.34	-16.9	39.9	4.78	-1.15
Normalized Net Income Margin	-0.76	-4.28	32.46	9.82	4.5
Levered Free Cash Flow Margin	10.71	9.75	7.12	25.97	17.43
Unlevered Free Cash Flow Margin	17.84	17.51	9.59	26.95	17.51
Asset Turnover
Asset Turnover	0.54	0.55	0.51	0.48	0.5
Fixed Assets Turnover	4.12	3.26	2.55	2.15	2.23
Receivables Turnover (Average Receivables)	173.12	119.83	220.12	96.3	95.77
Inventory Turnover (Average Inventory)	2.99	2.63	4.2	4.16	5.45
Short Term Liquidity
Current Ratio	0.3	0.99	0.7	0.58	0.54
Quick Ratio	0.09	0.41	0.22	0.15	0.23
Operating Cash Flow to Current Liabilities	0.14	0.63	0.46	0.39	0.36
Days Sales Outstanding (Average Receivables)	2.11	3.05	1.66	3.79	3.81
Days Outstanding Inventory (Average Inventory)	122.23	139.32	86.88	87.64	67.03
Average Days Payable Outstanding	19.9	25.59	32.72	34.32	32.01
Cash Conversion Cycle (Average Days)	104.44	116.79	55.82	57.11	38.82
Long Term Solvency
Total Debt/Equity	265.61	107.73	55.86	35.37	34.43
Total Debt / Total Capital	72.65	51.86	35.84	26.13	25.61
LT Debt/Equity	40.51	72.06	31.39	24.93	29.45
Long-Term Debt / Total Capital	11.08	34.69	20.14	18.42	21.9
Total Liabilities / Total Assets	77.9	63.18	43.44	41.15	43.91
EBIT / Interest Expense	-0.27	1.68	7.46