Charlotte’s Web Strain Owners Stanley Brothers Have Filed to Go Public in Canada
Stanley Brothers Holdings has filed a preliminary prospectus for an initial public offering (IPO) and to list on the Canadian Securities Exchange (CSE). The IPO is being led by the underwriter Canaccord Genuity.
There is no information on the company’s IPO price, but information on Stanley Brothers Holdings’ finances has been released to the public for the first time.
The newly public financial information showed the company performed $40 million in sales in 2017. In the same year the company reported earnings before interest, taxes, depreciation and amortization (EBITDA) of $14.1 million.
In Q1 of 2018 the company had a growth of 84% with an EBITDA of $4.5 million. For the rest of 2018 the company is projecting sales of $65-80 million and an EBITDA of $23-30 million.
The company’s projected earnings for their 2019 sales year is $120-170 million with an adjusted EBITDA margins of 35% to 37%.
Charlotte’s Web Strain Owner’s Stanley Brothers Have Filed to Go Public in Canada
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