Indus Holdings (CSE: INDS) (OTCQX: INDXF) Investor Dashboard
| ➔ Indus Holdings | |||||
|---|---|---|---|---|---|
| CSE Ticker: | INDS | ||||
| OTCQB Ticker: | INDXF | ||||
| Market Focus: | United States |
| Classification: | Vertically Integrated |
| Country: | United States |
| Employees: | ~300 (October 2020) |
| Established: | 2014 |
| CEO: | Mark Ainsworth |
Summary
| 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
Highlights
- 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
Differentiators
- 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.
at www.indusholdingco.com.
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