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
该公司实现了正的季度净收入和EBITDA的大幅增长
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.
波士顿，2021年12月8日(环球通讯社)--Via InvestorWire--americann Inc.(场外交易市场代码：ACAN)是一家开发最先进的种植、产品制造和分销设施的大麻公司，该公司公布了截至2021年9月的财政年度和季度的财务和运营业绩。
Financial Overview
财务概述
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.
该公司实现了连续四个季度的营业收入增长，最终在截至2021年9月的季度实现了正的净收入。与截至2020年9月的年度相比，截至2021年9月的年度来自运营的收入增长了约303%，增加了1,525,039美元。截至2021年9月的季度，营业收入比2020年9月这个季度增长了约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.
财务业绩的提高归因于公司在马萨诸塞州弗里敦的马萨诸塞州大麻中心开发项目1号楼生产和制造的产品收入增加。1号楼是该公司在马萨诸塞州弗里敦开发的马萨诸塞州大麻中心的首批大楼。
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号楼是一个占地3万平方英尺的栽培温室和加工设施，利用美国人专有的“Cannopy”种植系统。1号楼完全被现有的马萨诸塞州特许垂直整合大麻运营商BASK Inc.占据。
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收到基本租金和马萨诸塞州大麻中心生产的大麻、注入大麻的产品和非大麻产品每月总销售额的15%的收入参与费。随着1号楼的运营开始和加速，americann为其财务业绩建立了许多里程碑。
Highlights for the Quarter Ended Sept. 30, 2021
截至9月1日的季度亮点。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%.
- 在公司马萨诸塞州大麻中心业绩的推动下，收入、净收入和调整后的营业EBITDA加速增长。
- 季度收入环比增长26%，同比增长156%，至735,076美元。
- 该公司的季度净收入比去年同期增加了860,203美元，达到42,438美元。
- 调整后的营业EBITDA同比增长865,399美元，达到370,276美元。
- 本季度调整后的营业EBITDA利润率为50.4%。
- 季度毛利率为98.3%。
See definitions of non-GAAP measures later in this release.
请参阅本版本后面的非GAAP度量的定义。
Highlights for the Fiscal Year Ended Sept. 30, 2021
截至9月1日的财年亮点。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%.
- 收入同比增长303%，达到2028,551美元。
- 调整后的营业EBITDA同比增长1,996,206美元，达到494,830美元。
- 年度毛利率为96%。
Management Commentary
管理评论
"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."
总裁蒂姆·基奥说：“American ann公司本季度的财务表现和强劲的现金流反映了我们业务的实力。”我们在马萨诸塞州大麻中心刚刚完成第一阶段的情况下就实现了正的净收入，这一事实是公司未来财务成功的一个极好的指标。“
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正处于其在马萨诸塞州弗里敦的MCC开发扩建的最后设计阶段。Americann已经获得了2号楼的种植和制造许可证，这是马萨诸塞州大麻中心的下一阶段。2号楼需要增加大约40万平方英尺的大麻种植、制造和分销基础设施。
"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."
首席财务官本·巴顿表示：“营收的强劲增长反映出收入连续四个季度加速增长。此外，我们对成本效率的关注产生了业内一些最强劲的调整后营业EBITDA利润率。”在现有设施的基础上进行建设和扩展应该会产生更强劲的财务业绩。“
Additional Key Developments
其他主要发展
- 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.
- 美国人最近发布了一段视频，重点介绍了马萨诸塞州大麻中心和1号楼的高科技、可持续设计，可以在这里找到。
- 在1号楼，注入大麻的产品的生产，包括最近推出的1906年品牌的“Drops”，都有了戏剧性的增长。
- 在1号楼生产的人工注入产品已经取得了成功，成为马萨诸塞州各自类别中一些最畅销的大麻品牌。
- 2021年9月，马萨诸塞州市场的大麻销售额超过1.44亿美元。2021年前9个月的总销售额超过11亿美元，使市场有望在2021年实现15.6亿美元的总销售额。马萨诸塞州市场的强劲体现在英联邦拥有全国最高的平均购买价格和美国成人使用市场中每克第二高的价格。
- 自2018年末开始成人用大麻销售以来，马萨诸塞州合法大麻的销售已经超过23亿美元。
- 美国人计划在马萨诸塞州大麻中心建造2号楼，在专门的种植空间里同时容纳阳光人和美国人。此外，americann将在2号楼运营一个集中的产品制造设施，以支持整个100万平方英尺的MCC园区。
- Americann从马萨诸塞州大麻控制委员会(Massachusetts Cannabis Control Commission)获得了两个许可证-一个是大麻种植许可证，另一个是大麻产品制造许可证。
About AmeriCann
关于美国人
AmeriCann (OTCQB:ACAN) develops and leases cannabis cultivation, processing and product manufacturing facilities.
Americann(场外交易市场代码：ACAN)开发和租赁大麻种植、加工和产品制造设施。
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.
美国人使用温室技术，这比目前在人工灯光下在仓库设施中种植大麻的行业标准更好。根据业内专家的说法，通过捕捉自然阳光，温室使用的灯光减少了25%，水电费比典型的仓库种植设施减少了75%。因此，americann的Cannopy系统使大麻的生产大大减少了碳足迹，从而降低了最终产品的成本。此外，温室建设成本几乎占仓库建设成本的一半。
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还在设计GMP认证的大麻提取和产品制造基础设施。该公司已经获得了生产注入大麻的产品的许可证，包括饮料、食品、外用药物和浓缩物。Americann计划在马萨诸塞州大麻中心经营一家大麻产品制造企业。
Forward-Looking Statements
前瞻性陈述
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.
本新闻稿包含修订后的1933年证券法第27A节和修订后的1934年证券交易法(“交易法”)第21E节所指的“前瞻性陈述”(这两节被采纳为1995年私人证券诉讼改革法的一部分)。在“相信”、“预期”、“估计”、“预期”、“打算”、“计划”、“项目”、“前景”、“展望”等词语之前、之后或以其他方式包括“相信”、“预期”、“估计”、“预期”、“展望”和类似词语或表述的陈述，或未来或条件动词，如“将”、“应该”、“将”、“可能”和“可能”，通常是前瞻性的，而不是历史事实。这些前瞻性陈述涉及已知和未知的风险、不确定因素和其他因素，这些风险、不确定因素和其他因素可能导致公司的实际结果、业绩或成就与任何预期的结果、业绩或成就大不相同。无论是由于新信息、未来事件或其他原因，公司没有任何修改任何前瞻性陈述的意图，也没有义务修改任何前瞻性陈述。有关可能影响公司前瞻性陈述的其他不确定因素，请参阅公司S-1表格中的注册声明，该声明可在www.sec.gov上查看。
About Non-GAAP Financial Measures
关于非GAAP财务指标
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.
该公司使用“调整后的EBITDA”作为非GAAP财务衡量标准来评估财务业绩，例如期间与期间的比较。这一非GAAP指标没有在美国GAAP中定义，应该被认为是根据美国GAAP报告的财务业绩指标的补充指标，而不是替代指标。该公司可能使用与其他公司报告的类似名称的非GAAP计量不可比的非GAAP计量。此外，在未来，公司可能会披露不同的非GAAP财务指标，以帮助投资者更有意义地评估和比较公司未来的经营业绩和之前公布的业绩。该公司鼓励投资者全面审查其财务报表和公开提交的报告，不依赖任何单一的财务衡量标准。题为“非GAAP财务衡量标准的对账”一节包括对这一衡量标准的详细描述，以及与其最相似的美国GAAP衡量标准的对账。
Reconciliation of Non-GAAP Financial Measures
非公认会计准则财务指标的对账
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.
该公司将调整后的EBITDA定义为调整后的净收入，不包括利息支出、利息收入、所得税、折旧、损耗和摊销、基于股票的补偿、减值以及衍生资产或负债的公允价值正负变化的影响。该公司认为，调整后的EBITDA是相关的，因为它是可用于为资本支出和偿债提供资金的现金流的衡量标准，也是一些行业分析师用来提供其与同行业绩比较的衡量标准。下表显示了该公司的非GAAP财务指标与最近的GAAP指标的对账情况。
| 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 | % | |||||||||||
| 美国人公司(americann，Inc.) | |||||||||||||||||
| 截至2021年9月30日的季度亮点 | |||||||||||||||||
| 2021年9月Q与2021年6月Q | |||||||||||||||||
| 季度结束 | |||||||||||||||||
| 2021年9月30日 | 2021年6月30日 | $CHANGE | %变化 | ||||||||||||||
| 租金收入关联方 | $ | 735,076 | $ | 584,546 | $ | 150,530 | 26 | % | |||||||||
| 净(亏损)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 | % | |||||||||||
| 利息支出关联方 | 13,194 | 13,051 | 143 | 1 | % | ||||||||||||
| 折旧及摊销 | 112,481 | 112,711 | (230 | ) | 0 | % | |||||||||||
| EBITDA | $ | 370,276 | $ | 238,082 | $ | 132,194 | 56 | % | |||||||||
| EBITDA | $ | 370,276 | $ | 238,082 | $ | 132,194 | 55.5 | % | |||||||||
| EBITDA利润率 | 50.4 | % | 40.7 | % | 87.8 | % | |||||||||||
| 毛利率 | 98.3 | % | 98.7 | % | -0.4 | % | |||||||||||
| 2021年9月Q与2020年9月Q | |||||||||||||||||
| 季度结束 | |||||||||||||||||
| 2021年9月30日 | 2020年9月30日 | $CHANGE | %变化 | ||||||||||||||
| 租金收入关联方 | $ | 735,076 | $ | 287,562 | $ | 447,514 | 156 | % | |||||||||
| 净(亏损)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 | % | ||||||||||||
| 利息支出关联方 | 13,194 | 13,195 | (1 | ) | 0 | % | |||||||||||
| 折旧及摊销 | 112,481 | 112,788 | (307 | ) | 0 | % | |||||||||||
| EBITDA | $ | 370,276 | $ | (495,323 | ) | $ | 865,599 | 175 | % | ||||||||
| EBITDA | $ | 370,276 | $ | (495,323 | ) | $ | 865,599 | 175 | % | ||||||||
| EBITDA利润率 | 50.4 | % | -172.2 | % | 222.6 | % | |||||||||||
| 毛利率 | 98.3 | % | 97.0 | % | 1.3 | % | |||||||||||
| 截至2021年9月的财政年度与2020年9月 | |||||||||||||||||
| 截止的年数 | |||||||||||||||||
| 2021年9月30日 | 2020年9月30日 | $CHANGE | %变化 | ||||||||||||||
| 租金收入关联方 | $ | 2,028,551 | $ | 503,512 | $ | 1,525,039 | 303 | % | |||||||||
| 净(亏损)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 | % | ||||||||||||
| 利息支出关联方 | 52,348 | 95,766 | (43,418 | ) | -45 | % | |||||||||||
| 折旧及摊销 | 450,537 | 446,853 | 3,684 | 1 | % | ||||||||||||
| EBITDA | $ | 494,830 | $ | 260,299 | $ | 234,531 | 90 | % | |||||||||
| 从呆账准备中追讨损失 | - | (1,761,675 | ) | 1,761,675 | 100 | % | |||||||||||
| 调整后的EBITDA | $ | 494,830 | $ | (1,501,376 | ) | $ | 1,996,206 | 133 | % | ||||||||
| 调整后的EBITDA利润率 | 24.4 | % | -298.0 | % | 322.4 | % | |||||||||||
| 毛利率 | 96.0 | % | 96.0 | % | 0.0 | % | |||||||||||
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