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Purebread Brands Inc., a commercial real estate and food technology company, operates fast-casual cafes, bakeries, and shared-kitchen facilities in Canada. It operates through two segments: rental and Retail. The company rents out commercial kitchen spaces and providing associated business support services to food entrepreneurs and companies; sells baked goods and other food items. It provides food services through e-commerce platform. The company was formerly known as Coho Collective Kitchens Inc. and changed its name to Purebread Brands Inc. in May 2024. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public information on Purebread Brands Inc. (BRED.V) is limited, preventing a clear description of its core business or operating history. Potential long-term drivers would include revenue growth, expanded distribution and product differentiation, supported by access to capital. Investors may find the company attractive if management demonstrates execution and improves transparency, though evidence to date is scarce.
Key risks are limited disclosure, low liquidity, potential dilution from future financing and execution risk typical of small-cap issuers.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-03-31 | 2023-03-31 |
|---|---|---|
| Type | yearly | yearly |
| Date | 2024-03-31 | 2023-03-31 |
| Income before tax | -7.78M | -6.07M |
| Net income | -7.68M | -6.07M |
| Selling general administrative | 6.91M | 4.54M |
| Gross profit | 6.98M | 2.21M |
| Reconciled depreciation | 1.94M | 1.33M |
| Operating income | -5.33M | -5.13M |
| Interest expense | 2.43M | 0.95M |
| Tax provision | -0.10M | 0.00M |
| Net interest income | -2.43M | -0.95M |
| Total revenue | 10.62M | 2.55M |
| Total operating expenses | 15.95M | 7.68M |
| Cost of revenue | 3.64M | 0.34M |
| Total other income expense net | -0.02M | 0.01M |
| Net income from continuing ops | -7.68M | -6.07M |
| Breakdown | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Total assets | 29.56M | 12.99M | 7.21M |
| Intangible assets | 4.62M | 0.05M | 0.08M |
| Total liab | 32.86M | 14.30M | 7.21M |
| Total stockholder equity | -3.30M | -1.31M | 0.00M |
| Other current liab | 0.65M | - | - |
| Capital stock | 19.47M | 14.92M | 10.66M |
| Retained earnings | -25.12M | -17.44M | -11.37M |
| Good will | 6.99M | 0.00M | - |
| Cash | 0.00M | 0.25M | 0.11M |
| Total current liabilities | 16.54M | 5.37M | 2.81M |
| Net debt | 13.76M | 3.29M | 1.41M |
| Short long term debt | 10.10M | 2.30M | 0.98M |
| Total current assets | 1.45M | 0.71M | 0.57M |
| Net receivables | 0.15M | 0.21M | 0.12M |
| Long term debt | 3.66M | 1.23M | 0.54M |
| Inventory | 0.17M | 0.00M | - |
| Accounts payable | 4.44M | 2.24M | 1.38M |
| Non current assets total | 28.11M | 12.28M | 6.64M |
| Capital lease obligations | 11.90M | 8.28M | 4.12M |
| Breakdown | 2024-03-31 | 2023-03-31 |
|---|---|---|
| Type | yearly | yearly |
| Date | 2024-03-31 | 2023-03-31 |
| Net borrowings | 6.81M | 0.78M |
| Total cash from financing activities | 11.16M | 5.22M |
| Net income | -7.68M | -6.07M |
| Change in cash | -0.37M | 0.14M |
| Begin period cash flow | 0.25M | 0.11M |
| End period cash flow | -0.12M | 0.25M |
| Total cash from operating activities | -3.04M | -3.14M |
| Issuance of capital stock | 4.32M | 4.47M |
| Depreciation | 1.94M | 1.33M |
| Change to inventory | 0.09M | 0.00M |
| Sale purchase of stock | - | -0.03M |
| Capital expenditures | 0.28M | 2.09M |
| Change in working capital | 0.63M | 0.64M |
| Stock based compensation | 0.77M | 0.29M |
| Other non cash items | 1.44M | 0.72M |
| Free cash flow | -3.31M | -5.23M |
Sector: Consumer Cyclical Industry: Restaurants
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Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| BRED Purebread Brands Inc. |
- -% |
0.12 | - | - | 0.44 | - | 2.26 | -14.83 |
Purebread Brands Inc., a commercial real estate and food technology company, operates fast-casual cafes, bakeries, and shared-kitchen facilities in Canada. It operates through two segments: rental and Retail. The company rents out commercial kitchen spaces and providing associated business support services to food entrepreneurs and companies; sells baked goods and other food items. It provides food services through e-commerce platform. The company was formerly known as Coho Collective Kitchens Inc. and changed its name to Purebread Brands Inc. in May 2024. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.
1623 Pandora Street, Vancouver, BC, Canada, V5L 3V4
| Name | Title | Year Born |
|---|---|---|
| Mr. Amrit Maharaj | Co-Founder, Interim CEO, COO & Director | 1979 |
| Mr. Tatenda Muhle | Part-Time Chief Financial Officer | NA |
| Ms. Wing Hein Chan | Chief Marketing Officer | 1983 |
| Ms. Bernadette Marie D'Silva | Corporate Secretary | NA |
| Roxanne Beriault | Senior Director of Business Operations | NA |
| Mr. Amrit Maharaj | Co-Founder, COO & Director | 1980 |
| Christian Bullock | CEO & Director | NA |
| Ms. Sheryl Dhillon | Corporate Secretary | NA |
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