공시 • May 06
Adastra Holdings Ltd. Announces Director Changes, Effective April 30, 2026 Adastra Holdings Ltd. announced that Calum Maschi has been appointed as a director of the Company in place of Jonathan Edwards who has resigned as a director, effective April 30, 2026. Mr. Maschi is a construction professional with over fifteen years of experience across large scale industrial, institutional and infrastructure projects, including management roles on major projects such as LNG Canada. 공시 • Sep 26
Adastra Holdings Ltd., Annual General Meeting, Nov 19, 2025 Adastra Holdings Ltd., Annual General Meeting, Nov 19, 2025. 공시 • Feb 04
Adastra Holdings Ltd. Announces Resignation of Andrew Hale as A Director, Effective February 14, 2025 Adastra Holdings Ltd. announced that Andrew Hale has tendered his resignation as a director of the Company effective as of February 14, 2025. The Company thanks Mr. Hale for his service as a member of the board of directors. The remaining directors are in the process of identifying a candidate to fill the pending vacancy and will provide an update once available. 공시 • Oct 18
Adastra Holdings Ltd., Annual General Meeting, Dec 13, 2024 Adastra Holdings Ltd., Annual General Meeting, Dec 13, 2024. Reported Earnings • Sep 01
Second quarter 2024 earnings released: EPS: CA$0.001 (vs CA$0.019 loss in 2Q 2023) Second quarter 2024 results: EPS: CA$0.001 (up from CA$0.019 loss in 2Q 2023). Revenue: CA$6.87m (down 3.2% from 2Q 2023). Net income: CA$80.9k (up CA$1.15m from 2Q 2023). Profit margin: 1.2% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: CA$0.023 loss per share (vs CA$0.006 loss in 1Q 2023) First quarter 2024 results: CA$0.023 loss per share (further deteriorated from CA$0.006 loss in 1Q 2023). Revenue: CA$6.53m (up 13% from 1Q 2023). Net loss: CA$1.31m (loss widened 325% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$179k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$179k free cash flow). Share price has been highly volatile over the past 3 months (61% average weekly change). Market cap is less than US$10m (€7.90m market cap, or US$8.58m). 공시 • May 03
Adastra Holdings Files Form 15 Adastra Holdings Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common shares under the Securities Exchange Act of 1934, as amended. Reported Earnings • Apr 24
Full year 2023 earnings released: CA$0.063 loss per share (vs CA$0.072 loss in FY 2022) Full year 2023 results: CA$0.063 loss per share (improved from CA$0.072 loss in FY 2022). Revenue: CA$22.2m (up 67% from FY 2022). Net loss: CA$3.54m (loss narrowed 17% from FY 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 24
Full year 2023 earnings released: CA$0.063 loss per share (vs CA$0.072 loss in FY 2022) Full year 2023 results: CA$0.063 loss per share (improved from CA$0.072 loss in FY 2022). Revenue: CA$22.2m (up 67% from FY 2022). Net loss: CA$3.54m (loss narrowed 17% from FY 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Board Change • Apr 19
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Paul Morgan is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. 공시 • Apr 03
Adastra Holdings Announces Executive Changes Adastra Holdings Ltd. announced the appointment of Jon Edwards to its Board of Directors, effective April 2, 2024. With over 15 years of experience, Mr. Edwards has held various positions within the B.C. Public Service, specializing in interpreting and applying legislation for the Ministry of Justice and Housing. He holds a Bachelor of Arts in Justice Studies and a Master of Arts in Conflict Analysis and Management, both from Royal Roads University. Mr. Edwards will use his extensive experience and commitment to excellence to positively impact the Company towards continued success. Mr. Edwards will be replacing Michael Forbes on Adastra's Board of Directors. On March 29, 2024, Mr. Forbes resigned as CEO, Director and Corporate Secretary, as previously announced in a news release dated March 1, 2024. Adastra also announces that Lachlan McLeod, the Company's CFO, has been appointed Corporate Secretary, effective April 2, 2024, while maintaining his current duties as CFO. Board Change • Apr 01
High number of new directors Director Andy Hale was the last director to join the board, commencing their role in 2024. Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.011 loss per share (vs CA$0.008 loss in 3Q 2022) Third quarter 2023 results: CA$0.011 loss per share (further deteriorated from CA$0.008 loss in 3Q 2022). Revenue: CA$4.35m (up 14% from 3Q 2022). Net loss: CA$642.2k (loss widened 40% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2023 earnings released: CA$0.019 loss per share (vs CA$0.008 loss in 2Q 2022) Second quarter 2023 results: CA$0.019 loss per share (further deteriorated from CA$0.008 loss in 2Q 2022). Revenue: CA$7.10m (up 133% from 2Q 2022). Net loss: CA$1.07m (loss widened 124% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. 공시 • Jul 08
Adastra Holdings Ltd., Annual General Meeting, Sep 14, 2023 Adastra Holdings Ltd., Annual General Meeting, Sep 14, 2023. Location: 900 - 885 West Georgia Street Vancouver British Columbia Canada Reported Earnings • Jun 01
First quarter 2023 earnings released: CA$0.006 loss per share (vs CA$0.014 loss in 1Q 2022) First quarter 2023 results: CA$0.006 loss per share (improved from CA$0.014 loss in 1Q 2022). Revenue: CA$5.77m (up 152% from 1Q 2022). Net loss: CA$308.6k (loss narrowed 66% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • May 03
Full year 2022 earnings released: CA$0.072 loss per share (vs CA$0.055 loss in FY 2021) Full year 2022 results: CA$0.072 loss per share (further deteriorated from CA$0.055 loss in FY 2021). Revenue: CA$13.3m (up 136% from FY 2021). Net loss: CA$4.28m (loss widened 56% from FY 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. 공시 • Feb 15
Adastra Holdings Ltd. Announces Executive Changes Adastra Holdings Ltd. announced that Lachlan McLeod, CPA of Fehr & Associates, has been appointed Chief Financial Officer. Lachlan has experience in public practice, having worked as an auditor for a Big 4 accounting firm for four years, and has served as a fractional CFO for multiple public companies. Lachlan has a proven track record of helping businesses meet financial and regulatory reporting requirements. Lachlan is a Chartered Professional Accountant (CPA) with a Bachelor's degree in Science with an Economics major and a Business minor from the University of Victoria, and a Diploma of Accounting from the Sauder School of Business at the University of British Columbia. Lachlan replaces Oliver Foeste who will remain with Adastra in an advisory capacity to provide transitional support. The Company thanks Oliver for his services. Reported Earnings • Dec 01
Third quarter 2022 earnings released: CA$0.008 loss per share (vs CA$0.005 loss in 3Q 2021) Third quarter 2022 results: CA$0.008 loss per share (further deteriorated from CA$0.005 loss in 3Q 2021). Revenue: CA$3.80m (up 110% from 3Q 2021). Net loss: CA$459.3k (loss widened 121% from 3Q 2021). Board Change • Nov 16
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. President, CEO, Chairman & Company Secretary Michael Forbes is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2022 earnings released: CA$0.008 loss per share (vs CA$0.012 loss in 2Q 2021) Second quarter 2022 results: CA$0.008 loss per share (up from CA$0.012 loss in 2Q 2021). Revenue: CA$3.05m (up 146% from 2Q 2021). Net loss: CA$478.1k (loss narrowed 6.2% from 2Q 2021). Board Change • Aug 03
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. President, CEO, Chairman & Company Secretary Michael Forbes is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Director Georges Routhier is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 06
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Georges Routhier is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 04
President recently bought €767k worth of stock On the 31st of August, Michael Forbes bought around 1m shares on-market at roughly €0.61 per share. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Is New 90 Day High Low • Nov 17
New 90-day low: €0.30 The company is down 49% from its price of €0.59 on 19 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 24
New 90-day low: €0.41 The company is down 10.0% from its price of €0.46 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is down 8.0% over the same period. 