Indus Holdings (CSE: INDS) (OTCQX: INDXF) Investor Dashboard

Indus Holdings
CSE Ticker: INDS
Market Focus: United States
Classification: Vertically Integrated
Country: United States
Employees: ~300 (October 2020)
Established: 2014
CEO: Mark Ainsworth


Fiscal Year-End: Dec, 31
Auditor: GreenGrowth CPAs
Exchanges: CSE, OTCQX
Sector:  Consumer Staples
Headquarters: Salinas, CA

Financials 9/30/20

Cash on hand: $6.5 million
Fixed Investment: $41.7 million
Shareholders’ Equity: $21.5 million
Revenues – Last Quarter: $14.1 million
Adj. Gross Margin: 41.5%
EPS : $0.01

Capital Structure 12/21/20

Last Financing: C$34.5 million units at C$1.50
Shares: 46.7 million
Warrants: 83.0 million
Options:  6.7 million
Diluted Shares: 227.5 million

Company Brief

Indus Holdings, Inc. (Follow Company) is a vertically-integrated cannabis operator that today has a strict laser-focus on California, which the company understands very well. Indus is delivering brands that offer exceptional value that simply makes sense for consumers. After recently doubling down on cultivation in California, the company is looking to scale up to one million sq. ft. to drive profitability higher. Indus is one of the few cannabis operators in CA than spans across cultivation, manufacturing as well as distribution, which allows the company to offer competitive pricing to dispensaries, which in turn boosts market share.

Founded in 2014 and based in Salinas, California, Indus has with advanced production capabilities, including cultivation, extraction, manufacturing, brand sales & marketing and distribution. The company’s award-winning brands include Cypress Cannabis, House Weed, The Original Pot Co., MOON, Humble Flower, and Kaizen Medicinals.

Featured Video

Indus Holdings at the Canaccord Genuity Conference on October, 2020


  • Focused exclusively on the California market
  • 225,000-square-foot cultivation facility in Monterey County, 15,000-square-foot manufacturing and laboratory facility in Salinas and a 20,000-square-foot distribution facility in Salinas
  • Manufacturing capabilities across all form factors
  • Distribution network that touches 600+ dispensaries

Growth Strategy

  • Indus focuses on “exceptional value at a great price” to win market share and drive growth
  • Q3 2020 marks the first quarter in the company’s history with positive adjusted EBITDA
  • Plans to drive growth through increased cultivation capacity and an expansion of brand and distribution footprint
  • Expecting to pursue M&A opportunities in California


  • Ability to produce over 300 SKUs such as concentrates, beverages, oils, topicals, edibles, chocolates, mints, sublinguals, candies, etc
  • Covers 85% of retail through its own distribution that includes over 20 compliant vehicles
  • Manufactures its own brands as well as on behalf of others
  • Automated, on-demand supply chain logistics platform

Institutional Analyst Coverage

Bobby Burleson
Canaccord Genuity

Doug Cooper
Beacon Securities

Curated Stories & News

Visit Indus Holdings, Inc.

New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. Indus Holdings, Inc. is a client of NCV Media, LLC. Read our full disclaimer.