Saturday, July 5, 2025

Latest

TPCO Holdings Reports Pro-Forma Q4 Revenues Of $40.2 Million, Loss Of $94.0 Million

TPCO Holdings (NEO: GRAM) this morning released its financial results for the fourth quarter and full fiscal year of 2020, with the results herein provided on a pro-forma basis as a result of the combination of the firm occurring after the end of the period. For the fourth quarter, the company reported revenues of $40.2 million along with a net loss of $94.0 million before taxes.

For the full fiscal year, on a pro-forma basis the company reported revenues of $188.7 million, along with a net loss before taxes of $151.2 million.

For the fourth quarter, revenues of $40.2 million were offset by cost of sales of $37.3 million, resulting in a gross profit of $3.2 million. Operating expenses meanwhile totaled $78.7 million, with general and administrative expenses amount to $32.7 million, while sales and marketing amounted to $46.0 million.

Further impacting the quarter were other expenses of $18.5 million, including underwriting commissions of $20.1 million, which culminated in a net loss for the quarter on a pro-forma basis of $94.0 million. On an adjusted EBITDA basis, the company posted a loss of $17.7 million.

For the full fiscal year, pro-forma revenues of $188.7 million were offset by cost of sales of $156.5 million, resulting in a gross profit of $32.8 million. Operating expenses meanwhile amounted to $137.6 million, consisting of general and administrative expenses of $89.2 million and sales and marketing of $48.3 million.

Other expenses for the year amounted to $48.4 million, resulting in a net loss before income taxes of $151.2 million. On an adjusted EBITDA basis the firm posted a loss of $35.6 million.

Looking to the balance sheet, on a pro-forma basis the company reported cash and cash equivalents of $337.9 million, as well as inventories of $25.5 million and receivables of $4.2 million. Total current assets as of December 31, 2020, on a pro-forma basis sat at $399.4 million.

On the other side of things, accounts payable currently sits at $15.0 million, while accrued and other liabilities are pegged at $29.1 million. Contingent considerations makes up the largest portion of the current liabilities however, which sits at $199.7 million, while a brand strategy liability is listed at $18.5 million. Total current liabilities amounted to $277.9 million on a pro-forma basis.

TPCO Holdings last traded at $9.13 on the Neo.


FULL DISCLOSURE: TPCO Holdings is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover TPCO Holdings on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Torex Gold Acquires Reyna Silver For CASH!

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

The Parent Company Invests $50 Million In Glass House, Signs LOI’s For Supply Arrangements, Retail Distribution

TPCO Holdings (NEO: GRAM.u), whom does business as The Parent Company, is evidently looking to...

Monday, May 17, 2021, 09:41:47 AM

The Parent Company Posts $33.2 Million In Revenue, $33.5 Million Net Loss In Q1 2022

TPCO Holding Corp. (NEO: GRAM), also known as The Parent Company, announced on late Monday...

Tuesday, May 17, 2022, 10:07:00 AM

TPCO Holdings: Craig-Hallum Initiates Coverage With US$16 Price Target

The second firm to initiate coverage on TPCO Holdings Corp (NEO: GRAM.u) (OTC: GRAMF) since...

Tuesday, February 23, 2021, 11:52:00 AM

TPCO Holdings Walks From US$50 Million Investment In Glass House

It appears that a partnership between two recent SPAC deals isn’t going to go through...

Friday, July 2, 2021, 08:26:24 AM

Subversive Capital Closes Qualifying Transaction, Becomes The Parent Company

Subversive Capital Acquisition Corp has transitioned to that of TPCO Holdings Corp (NEO: GRAM.u) (OTC:...

Friday, January 15, 2021, 09:19:32 AM