AmeriCann Reports Record Quarter and Fiscal Year-End Financial Results
AmeriCann Reports Record Quarter and Fiscal Year-End Financial Results
The Company achieved positive quarterly net income and substantial EBITDA growth
該公司實現了正的季度淨收入和EBITDA的大幅增長
BOSTON, Dec. 08, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- AmeriCann Inc. (OTCQB: ACAN) (the "Company"), a cannabis company that develops state-of-the-art cultivation, product manufacturing and distribution facilities, released financial and operational results for its fiscal year and quarter ending September 2021.
波士頓，2021年12月8日(環球通訊社)--Via InvestorWire--americann Inc.(場外交易市場代碼：ACAN)是一家開發最先進的種植、產品製造和分銷設施的大麻公司，該公司公佈了截至2021年9月的財政年度和季度的財務和運營業績。
Financial Overview
財務概述
The Company achieved four consecutive quarters of increased operating revenue, culminating in positive net income for the quarter ending September 2021. Revenue from operations increased approximately 303% for the year ended September 2021 relative to the year ended September 2020, an increase of $1,525,039. The operating revenue for the quarter ended September 2021 was approximately 156% greater than the September quarter in 2020.
該公司實現了連續四個季度的營業收入增長，最終在截至2021年9月的季度實現了正的淨收入。與截至2020年9月的年度相比，截至2021年9月的年度來自運營的收入增長了約303%，增加了1,525,039美元。截至2021年9月的季度，營業收入比2020年9月這個季度增長了約156%。
The increase in financial performance is attributable to greater revenue received from products produced and manufactured at Building 1, the Company's initial building at its Massachusetts Cannabis Center development in Freetown, Massachusetts.
財務業績的提高歸因於公司在馬薩諸塞州弗里敦的馬薩諸塞州大麻中心開發項目1號樓生產和製造的產品收入增加。1號樓是該公司在馬薩諸塞州弗里敦開發的馬薩諸塞州大麻中心的首批大樓。
Building 1 is a 30,000-square-foot cultivation greenhouse and processing facility that utilizes AmeriCann's proprietary "Cannopy" cultivation system. Building 1 is fully occupied by Bask Inc., an existing Massachusetts licensed vertically integrated cannabis operator.
1號樓是一個佔地3萬平方英尺的栽培温室和加工設施，利用美國人專有的“Cannopy”種植系統。1號樓完全被現有的馬薩諸塞州特許垂直整合大麻運營商BASK Inc.佔據。
AmeriCann receives base rent and a revenue participation fee of 15% of all gross monthly sales of cannabis, cannabis-infused products and non-cannabis products produced at the Massachusetts Cannabis Center. As operations commenced and accelerated at Building 1, AmeriCann established many milestones for its financial performance.
Americann收到基本租金和馬薩諸塞州大麻中心生產的大麻、注入大麻的產品和非大麻產品每月總銷售額的15%的收入參與費。隨着1號樓的運營開始和加速，americann為其財務業績建立了許多里程碑。
Highlights for the Quarter Ended Sept. 30, 2021
截至9月1日的季度亮點。2021年3月30日
- Accelerating revenue, net income and adjusted operating EBITDA driven by the performance of the Company's Massachusetts Cannabis Center.
- Quarterly revenue increased 26% sequentially and 156% year-over-year to $735,076.
- The Company's quarterly net income increased year-over-year by $860,203 to $42,438.
- Adjusted operating EBITDA grew by $865,399 sequentially year-over-year to $370,276.
- Adjusted operating EBITDA margins were 50.4% for the quarter.
- Quarterly gross margins were 98.3%.
- 在公司馬薩諸塞州大麻中心業績的推動下，收入、淨收入和調整後的營業EBITDA加速增長。
- 季度收入環比增長26%，同比增長156%，至735,076美元。
- 該公司的季度淨收入比去年同期增加了860,203美元，達到42,438美元。
- 調整後的營業EBITDA同比增長865,399美元，達到370,276美元。
- 本季度調整後的營業EBITDA利潤率為50.4%。
- 季度毛利率為98.3%。
See definitions of non-GAAP measures later in this release.
請參閲本版本後面的非GAAP度量的定義。
Highlights for the Fiscal Year Ended Sept. 30, 2021
截至9月1日的財年亮點。2021年3月30日
- Revenue increased 303% year-over-year to $2,028,551.
- Adjusted operating EBITDA grew by $1,996,206 year-over-year to $494,830.
- Annual gross margins were 96%.
- 收入同比增長303%，達到2028,551美元。
- 調整後的營業EBITDA同比增長1,996,206美元，達到494,830美元。
- 年度毛利率為96%。
Management Commentary
管理評論
"AmeriCann's financial performance and strong cash flow for the quarter reflect the strength of our operations," stated President Tim Keogh. "The fact that we achieved positive net income with just the initial phase at our Massachusetts Cannabis Center having been completed is an excellent indicator of the future financial success for the Company."
總裁蒂姆·基奧説：“American ann公司本季度的財務表現和強勁的現金流反映了我們業務的實力。”我們在馬薩諸塞州大麻中心剛剛完成第一階段的情況下就實現了正的淨收入，這一事實是公司未來財務成功的一個極好的指標。“
AmeriCann is in the final design phase of the expansion of its MCC development in Freetown, Massachusetts. AmeriCann has secured cultivation and manufacturing licenses for Building 2 – the next phase of the Massachusetts Cannabis Center. Building 2 calls for approximately 400,000 additional square feet of cannabis cultivation, manufacturing and distribution infrastructure.
Americann正處於其在馬薩諸塞州弗里敦的MCC開發擴建的最後設計階段。Americann已經獲得了2號樓的種植和製造許可證，這是馬薩諸塞州大麻中心的下一階段。2號樓需要增加大約40萬平方英尺的大麻種植、製造和分銷基礎設施。
"The strong top-line growth reflects four consecutive quarters of accelerating revenue. Additionally, our focus on cost efficiency has produced some of the strongest adjusted operating EBITDA margins in the industry," said CFO Ben Barton. "Building upon and expanding our current facilities should produce even stronger financial results."
首席財務官本·巴頓表示：“營收的強勁增長反映出收入連續四個季度加速增長。此外，我們對成本效率的關注產生了業內一些最強勁的調整後營業EBITDA利潤率。”在現有設施的基礎上進行建設和擴展應該會產生更強勁的財務業績。“
Additional Key Developments
其他主要發展
- AmeriCann recently released a video highlighting the high-tech, sustainable designs at the Massachusetts Cannabis Center and Building 1, which can be found HERE.
- The manufacturing of cannabis-infused products, including the recently launched 1906 branded "Drops," has increased dramatically in Building 1.
- Manufactured infused products produced at Building 1 have achieved success as some of the bestselling cannabis brands in Massachusetts in their respective categories.
- In September 2021, the Massachusetts market exceeded $144 million in cannabis sales. The total sales for the first nine months of 2021 were greater than $1.1 billion, putting the market on track for $1.56 billion in total sales for 2021. The strength of the Massachusetts market is reflected in the Commonwealth having the highest average purchase prices in the nation and the second-highest price per gram within U.S. adult-use markets.
- The sale of cannabis in Massachusetts has exceeded $2.3 billion in legal cannabis since adult-use sales commenced in late 2018.
- AmeriCann's Plans for Building 2 at the Massachusetts Cannabis Center will accommodate both Bask and AmeriCann in dedicated cultivation spaces. Additionally, AmeriCann will operate a centralized product manufacturing facility in Building 2 designed to support the entire 1-million-square-foot MCC campus.
- AmeriCann was awarded two licenses from the Massachusetts Cannabis Control Commission — one for cannabis cultivation and one for cannabis product manufacturing.
- 美國人最近發佈了一段視頻，重點介紹了馬薩諸塞州大麻中心和1號樓的高科技、可持續設計，可以在這裏找到。
- 在1號樓，注入大麻的產品的生產，包括最近推出的1906年品牌的“Drops”，都有了戲劇性的增長。
- 在1號樓生產的人工注入產品已經取得了成功，成為馬薩諸塞州各自類別中一些最暢銷的大麻品牌。
- 2021年9月，馬薩諸塞州市場的大麻銷售額超過1.44億美元。2021年前9個月的總銷售額超過11億美元，使市場有望在2021年實現15.6億美元的總銷售額。馬薩諸塞州市場的強勁體現在英聯邦擁有全國最高的平均購買價格和美國成人使用市場中每克第二高的價格。
- 自2018年末開始成人用大麻銷售以來，馬薩諸塞州合法大麻的銷售已經超過23億美元。
- 美國人計劃在馬薩諸塞州大麻中心建造2號樓，在專門的種植空間裏同時容納陽光人和美國人。此外，americann將在2號樓運營一個集中的產品製造設施，以支持整個100萬平方英尺的MCC園區。
- Americann從馬薩諸塞州大麻控制委員會(Massachusetts Cannabis Control Commission)獲得了兩個許可證-一個是大麻種植許可證，另一個是大麻產品製造許可證。
About AmeriCann
關於美國人
AmeriCann (OTCQB:ACAN) develops and leases cannabis cultivation, processing and product manufacturing facilities.
Americann(場外交易市場代碼：ACAN)開發和租賃大麻種植、加工和產品製造設施。
AmeriCann uses greenhouse technology, which is superior to the current industry standard of growing cannabis in warehouse facilities under artificial lights. According to industry experts, by capturing natural sunlight, greenhouses use 25% fewer lights, and utility bills are up to 75% less than in typical warehouse cultivation facilities. As such, AmeriCann's Cannopy System enables cannabis to be produced with a greatly reduced carbon footprint, making the final product less expensive. Additionally, greenhouse construction costs are nearly half of warehouse construction costs.
美國人使用温室技術，這比目前在人工燈光下在倉庫設施中種植大麻的行業標準更好。根據業內專家的説法，通過捕捉自然陽光，温室使用的燈光減少了25%，水電費比典型的倉庫種植設施減少了75%。因此，americann的Cannopy系統使大麻的生產大大減少了碳足跡，從而降低了最終產品的成本。此外，温室建設成本幾乎佔倉庫建設成本的一半。
AmeriCann is also designing GMP-certified cannabis extraction and product manufacturing infrastructure. The Company has secured licenses to produce cannabis-infused products, including beverages, edibles, topicals and concentrates. AmeriCann plans to operate a marijuana product manufacturing business at the Massachusetts Cannabis Center.
Americann還在設計GMP認證的大麻提取和產品製造基礎設施。該公司已經獲得了生產注入大麻的產品的許可證，包括飲料、食品、外用藥物和濃縮物。Americann計劃在馬薩諸塞州大麻中心經營一家大麻產品製造企業。
Forward-Looking Statements
前瞻性陳述
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook" and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may" and "could," are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional uncertainties that could impact the Company's forward-looking statements, please see the Company's Registration Statement on Form S-1 which may be viewed at www.sec.gov.
本新聞稿包含修訂後的1933年證券法第27A節和修訂後的1934年證券交易法(“交易法”)第21E節所指的“前瞻性陳述”(這兩節被採納為1995年私人證券訴訟改革法的一部分)。在“相信”、“預期”、“估計”、“預期”、“打算”、“計劃”、“項目”、“前景”、“展望”等詞語之前、之後或以其他方式包括“相信”、“預期”、“估計”、“預期”、“展望”和類似詞語或表述的陳述，或未來或條件動詞，如“將”、“應該”、“將”、“可能”和“可能”，通常是前瞻性的，而不是歷史事實。這些前瞻性陳述涉及已知和未知的風險、不確定因素和其他因素，這些風險、不確定因素和其他因素可能導致公司的實際結果、業績或成就與任何預期的結果、業績或成就大不相同。無論是由於新信息、未來事件或其他原因，公司沒有任何修改任何前瞻性陳述的意圖，也沒有義務修改任何前瞻性陳述。有關可能影響公司前瞻性陳述的其他不確定因素，請參閲公司S-1表格中的註冊聲明，該聲明可在www.sec.gov上查看。
About Non-GAAP Financial Measures
關於非GAAP財務指標
The Company uses "adjusted EBITDA" as a non-GAAP financial measure to evaluate financial performance such as period-to-period comparisons. This non-GAAP measure is not defined under U.S. GAAP and should be considered in addition to, not as a substitute for, indicators of financial performance reported in accordance with U.S. GAAP. The Company may use non-GAAP measures that are not comparable to measures with similar titles reported by other companies. Also, in the future, the Company may disclose different non-GAAP financial measures in order to help investors more meaningfully evaluate and compare the Company's future results of operations to its previously reported results. The Company encourages investors to review its financial statements and publicly filed reports in their entirety and not rely on any single financial measure. The section titled "Reconciliation of Non-GAAP Financial Measures" includes a detailed description of this measure as well as a reconciliation to its most similar U.S. GAAP measure.
該公司使用“調整後的EBITDA”作為非GAAP財務衡量標準來評估財務業績，例如期間與期間的比較。這一非GAAP指標沒有在美國GAAP中定義，應該被認為是根據美國GAAP報告的財務業績指標的補充指標，而不是替代指標。該公司可能使用與其他公司報告的類似名稱的非GAAP計量不可比的非GAAP計量。此外，在未來，公司可能會披露不同的非GAAP財務指標，以幫助投資者更有意義地評估和比較公司未來的經營業績和之前公佈的業績。該公司鼓勵投資者全面審查其財務報表和公開提交的報告，不依賴任何單一的財務衡量標準。題為“非GAAP財務衡量標準的對賬”一節包括對這一衡量標準的詳細描述，以及與其最相似的美國GAAP衡量標準的對賬。
Reconciliation of Non-GAAP Financial Measures
非公認會計準則財務指標的對賬
The Company defines adjusted EBITDA as net income adjusted to exclude the impact of interest expense, interest income, income taxes, depreciation, depletion and amortization, stock-based compensation, impairment, and the plus or minus change in fair value of derivative assets or liabilities. The Company believes adjusted EBITDA is relevant because it is a measure of cash flow available to fund capital expenditures and service debt and is a metric used by some industry analysts to provide a comparison of its results with its peers. The following table presents a reconciliation of the Company's non-GAAP financial measures to the nearest GAAP measure.
該公司將調整後的EBITDA定義為調整後的淨收入，不包括利息支出、利息收入、所得税、折舊、損耗和攤銷、基於股票的補償、減值以及衍生資產或負債的公允價值正負變化的影響。該公司認為，調整後的EBITDA是相關的，因為它是可用於為資本支出和償債提供資金的現金流的衡量標準，也是一些行業分析師用來提供其與同行業績比較的衡量標準。下表顯示了該公司的非GAAP財務指標與最近的GAAP指標的對賬情況。
| AMERICANN, INC. | |||||||||||||||||
| Quarter Ending September 30, 2021 Highlights | |||||||||||||||||
| September 2021 Q vs. June 2021 Q | |||||||||||||||||
| Quarters ended | |||||||||||||||||
| September 30, 2021 | June 30, 2021 | $ Change | % Change | ||||||||||||||
| Rental income - related party | $ | 735,076 | $ | 584,546 | $ | 150,530 | 26 | % | |||||||||
| Net (loss) income | $ | 42,438 | $ | (98,955 | ) | $ | 141,393 | 143 | % | ||||||||
| Interest income | (3,985 | ) | (4,392 | ) | 407 | 9 | % | ||||||||||
| Interest expense | 206,148 | 215,667 | (9,519 | ) | -4 | % | |||||||||||
| Interest expense - related party | 13,194 | 13,051 | 143 | 1 | % | ||||||||||||
| Depreciation and amortization | 112,481 | 112,711 | (230 | ) | 0 | % | |||||||||||
| EBITDA | $ | 370,276 | $ | 238,082 | $ | 132,194 | 56 | % | |||||||||
| EBITDA | $ | 370,276 | $ | 238,082 | $ | 132,194 | 55.5 | % | |||||||||
| EBITDA Margin | 50.4 | % | 40.7 | % | 87.8 | % | |||||||||||
| Gross Margin | 98.3 | % | 98.7 | % | -0.4 | % | |||||||||||
| September 2021 Q vs. Sept 2020 Q | |||||||||||||||||
| Quarters ended | |||||||||||||||||
| September 30, 2021 | September 30, 2020 | $ Change | % Change | ||||||||||||||
| Rental income - related party | $ | 735,076 | $ | 287,562 | $ | 447,514 | 156 | % | |||||||||
| Net (loss) income | $ | 42,438 | $ | (817,765 | ) | $ | 860,203 | 105 | % | ||||||||
| Interest income | (3,985 | ) | (7,524 | ) | 3,539 | 47 | % | ||||||||||
| Interest expense | 206,148 | 203,983 | 2,165 | 1 | % | ||||||||||||
| Interest expense - related party | 13,194 | 13,195 | (1 | ) | 0 | % | |||||||||||
| Depreciation and amortization | 112,481 | 112,788 | (307 | ) | 0 | % | |||||||||||
| EBITDA | $ | 370,276 | $ | (495,323 | ) | $ | 865,599 | 175 | % | ||||||||
| EBITDA | $ | 370,276 | $ | (495,323 | ) | $ | 865,599 | 175 | % | ||||||||
| EBITDA Margin | 50.4 | % | -172.2 | % | 222.6 | % | |||||||||||
| Gross Margin | 98.3 | % | 97.0 | % | 1.3 | % | |||||||||||
| Fiscal Years ending September 2021 vs. Sept 2020 | |||||||||||||||||
| Years ended | |||||||||||||||||
| September 30, 2021 | September 30, 2020 | $ Change | % Change | ||||||||||||||
| Rental income - related party | $ | 2,028,551 | $ | 503,512 | $ | 1,525,039 | 303 | % | |||||||||
| Net (loss) income | (862,893 | ) | (709,343 | ) | (153,550 | ) | -22 | % | |||||||||
| Interest income | (18,305 | ) | (333,681 | ) | 315,376 | 95 | % | ||||||||||
| Interest expense | 873,143 | 760,704 | 112,439 | 15 | % | ||||||||||||
| Interest expense - related party | 52,348 | 95,766 | (43,418 | ) | -45 | % | |||||||||||
| Depreciation and amortization | 450,537 | 446,853 | 3,684 | 1 | % | ||||||||||||
| EBITDA | $ | 494,830 | $ | 260,299 | $ | 234,531 | 90 | % | |||||||||
| Recovery of loss from provision for doubtful accounts | - | (1,761,675 | ) | 1,761,675 | 100 | % | |||||||||||
| Adjusted EBITDA | $ | 494,830 | $ | (1,501,376 | ) | $ | 1,996,206 | 133 | % | ||||||||
| Adjusted EBITDA Margin | 24.4 | % | -298.0 | % | 322.4 | % | |||||||||||
| Gross Margin | 96.0 | % | 96.0 | % | 0.0 | % | |||||||||||
| 美國人公司(americann，Inc.) | |||||||||||||||||
| 截至2021年9月30日的季度亮點 | |||||||||||||||||
| 2021年9月Q與2021年6月Q | |||||||||||||||||
| 季度結束 | |||||||||||||||||
| 2021年9月30日 | 2021年6月30日 | $CHANGE | %變化 | ||||||||||||||
| 租金收入關聯方 | $ | 735,076 | $ | 584,546 | $ | 150,530 | 26 | % | |||||||||
| 淨(虧損)收入 | $ | 42,438 | $ | (98,955 | ) | $ | 141,393 | 143 | % | ||||||||
| 利息收入 | (3,985 | ) | (4,392 | ) | 407 | 9 | % | ||||||||||
| 利息支出 | 206,148 | 215,667 | (9,519 | ) | -4 | % | |||||||||||
| 利息支出關聯方 | 13,194 | 13,051 | 143 | 1 | % | ||||||||||||
| 折舊及攤銷 | 112,481 | 112,711 | (230 | ) | 0 | % | |||||||||||
| EBITDA | $ | 370,276 | $ | 238,082 | $ | 132,194 | 56 | % | |||||||||
| EBITDA | $ | 370,276 | $ | 238,082 | $ | 132,194 | 55.5 | % | |||||||||
| EBITDA利潤率 | 50.4 | % | 40.7 | % | 87.8 | % | |||||||||||
| 毛利率 | 98.3 | % | 98.7 | % | -0.4 | % | |||||||||||
| 2021年9月Q與2020年9月Q | |||||||||||||||||
| 季度結束 | |||||||||||||||||
| 2021年9月30日 | 2020年9月30日 | $CHANGE | %變化 | ||||||||||||||
| 租金收入關聯方 | $ | 735,076 | $ | 287,562 | $ | 447,514 | 156 | % | |||||||||
| 淨(虧損)收入 | $ | 42,438 | $ | (817,765 | ) | $ | 860,203 | 105 | % | ||||||||
| 利息收入 | (3,985 | ) | (7,524 | ) | 3,539 | 47 | % | ||||||||||
| 利息支出 | 206,148 | 203,983 | 2,165 | 1 | % | ||||||||||||
| 利息支出關聯方 | 13,194 | 13,195 | (1 | ) | 0 | % | |||||||||||
| 折舊及攤銷 | 112,481 | 112,788 | (307 | ) | 0 | % | |||||||||||
| EBITDA | $ | 370,276 | $ | (495,323 | ) | $ | 865,599 | 175 | % | ||||||||
| EBITDA | $ | 370,276 | $ | (495,323 | ) | $ | 865,599 | 175 | % | ||||||||
| EBITDA利潤率 | 50.4 | % | -172.2 | % | 222.6 | % | |||||||||||
| 毛利率 | 98.3 | % | 97.0 | % | 1.3 | % | |||||||||||
| 截至2021年9月的財政年度與2020年9月 | |||||||||||||||||
| 截止的年數 | |||||||||||||||||
| 2021年9月30日 | 2020年9月30日 | $CHANGE | %變化 | ||||||||||||||
| 租金收入關聯方 | $ | 2,028,551 | $ | 503,512 | $ | 1,525,039 | 303 | % | |||||||||
| 淨(虧損)收入 | (862,893 | ) | (709,343 | ) | (153,550 | ) | -22 | % | |||||||||
| 利息收入 | (18,305 | ) | (333,681 | ) | 315,376 | 95 | % | ||||||||||
| 利息支出 | 873,143 | 760,704 | 112,439 | 15 | % | ||||||||||||
| 利息支出關聯方 | 52,348 | 95,766 | (43,418 | ) | -45 | % | |||||||||||
| 折舊及攤銷 | 450,537 | 446,853 | 3,684 | 1 | % | ||||||||||||
| EBITDA | $ | 494,830 | $ | 260,299 | $ | 234,531 | 90 | % | |||||||||
| 從呆賬準備中追討損失 | - | (1,761,675 | ) | 1,761,675 | 100 | % | |||||||||||
| 調整後的EBITDA | $ | 494,830 | $ | (1,501,376 | ) | $ | 1,996,206 | 133 | % | ||||||||
| 調整後的EBITDA利潤率 | 24.4 | % | -298.0 | % | 322.4 | % | |||||||||||
| 毛利率 | 96.0 | % | 96.0 | % | 0.0 | % | |||||||||||
Contact Information:
Corporate:
info@americann.co
www.americann.co
@ACANinfo on Twitter
@AmeriCann on Facebook
@AmeriCannInc on Instagram
聯繫方式：
公司：
郵箱：info@americann.co
Www.americann.co
@Twitter上的ACANinfo
@Facebook上的@americann
@ameriCannInc.在Instagram上
Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
企業通信
IBN(InvestorBrandNetwork)
加利福尼亞州洛杉磯
Www.InvestorBrandNetwork.com
310.299.1717辦事處
電子郵箱：Editor@InvestorBrandNetwork.com