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True Leaf Brands

CNSX:MJ
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MJ
CNSX
CA$23M
Market Cap
  1. Home
  2. CA
  3. Pharmaceuticals & Biotech
Company description

True Leaf Brands Inc. manufactures and distributes hemp-based nutrition for pets. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
  • True Leaf Brands has significant price volatility in the past 3 months.
MJ Share Price and Events
7 Day Returns
-2.1%
CNSX:MJ
-0.2%
CA Pharmaceuticals
1.2%
CA Market
1 Year Returns
-67.6%
CNSX:MJ
-45.8%
CA Pharmaceuticals
-0.4%
CA Market
MJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
True Leaf Brands (MJ) -2.1% -11.5% -43.9% -67.6% 27.8% -
CA Pharmaceuticals -0.2% -1.8% -21.5% -45.8% 251% 334.4%
CA Market 1.2% 3.3% 0.8% -0.4% 7.4% 4.5%
1 Year Return vs Industry and Market
  • MJ underperformed the Pharmaceuticals industry which returned -45.8% over the past year.
  • MJ underperformed the Market in Canada which returned -0.4% over the past year.
Price Volatility
MJ
Industry
5yr Volatility vs Market

MJ Value

 Is True Leaf Brands undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for True Leaf Brands. This is due to cash flow or dividend data being unavailable. The share price is CA$0.23.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for True Leaf Brands's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are True Leaf Brands's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:MJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.07
CNSX:MJ Share Price ** CNSX (2019-09-19) in CAD CA$0.23
Canada Pharmaceuticals Industry PE Ratio Median Figure of 13 Publicly-Listed Pharmaceuticals Companies 18.72x
Canada Market PE Ratio Median Figure of 540 Publicly-Listed Companies 14.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of True Leaf Brands.

CNSX:MJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:MJ Share Price ÷ EPS (both in CAD)

= 0.23 ÷ -0.07

-3.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • True Leaf Brands is loss making, we can't compare its value to the CA Pharmaceuticals industry average.
  • True Leaf Brands is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does True Leaf Brands's expected growth come at a high price?
Raw Data
CNSX:MJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Pharmaceuticals Industry PEG Ratio Median Figure of 7 Publicly-Listed Pharmaceuticals Companies 1.57x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 0.95x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for True Leaf Brands, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on True Leaf Brands's assets?
Raw Data
CNSX:MJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.11
CNSX:MJ Share Price * CNSX (2019-09-19) in CAD CA$0.23
Canada Pharmaceuticals Industry PB Ratio Median Figure of 151 Publicly-Listed Pharmaceuticals Companies 2.32x
Canada Market PB Ratio Median Figure of 2,454 Publicly-Listed Companies 1.44x
CNSX:MJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:MJ Share Price ÷ Book Value per Share (both in CAD)

= 0.23 ÷ 0.11

2.1x

* Primary Listing of True Leaf Brands.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • True Leaf Brands is good value based on assets compared to the CA Pharmaceuticals industry average.
X
Value checks
We assess True Leaf Brands's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Pharmaceuticals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Pharmaceuticals industry average (and greater than 0)? (1 check)
  5. True Leaf Brands has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MJ Future Performance

 How is True Leaf Brands expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as True Leaf Brands has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
110.6%
Expected Pharmaceuticals industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is True Leaf Brands expected to grow at an attractive rate?
  • Unable to compare True Leaf Brands's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare True Leaf Brands's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare True Leaf Brands's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:MJ Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Pharmaceuticals Industry Earnings Growth Rate Market Cap Weighted Average 110.6%
Canada Pharmaceuticals Industry Revenue Growth Rate Market Cap Weighted Average 58.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:MJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:MJ Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 2 -5 -7
2019-03-31 2 -4 -6
2018-12-31 2 -4 -5
2018-09-30 2 -3 -5
2018-06-30 2 -3 -4
2018-03-31 1 -2 -4
2017-12-31 1 -2 -2
2017-09-30 1 -2 -3
2017-06-30 1 -2 -3
2017-03-31 0 -2 -2
2016-12-31 0 -1 -2
2016-09-30 0 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if True Leaf Brands is high growth as no earnings estimate data is available.
  • Unable to determine if True Leaf Brands is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:MJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from True Leaf Brands Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MJ Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.07
2019-03-31 -0.06
2018-12-31 -0.05
2018-09-30 -0.05
2018-06-30 -0.04
2018-03-31 -0.05
2017-12-31 -0.04
2017-09-30 -0.04
2017-06-30 -0.05
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if True Leaf Brands will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine True Leaf Brands's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. True Leaf Brands's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Pharmaceuticals & Biotech companies here
  3. True Leaf Brands's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess True Leaf Brands's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
True Leaf Brands has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MJ Past Performance

  How has True Leaf Brands performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare True Leaf Brands's growth in the last year to its industry (Pharmaceuticals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • True Leaf Brands does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare True Leaf Brands's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare True Leaf Brands's 1-year growth to the CA Pharmaceuticals industry average as it is not currently profitable.
Earnings and Revenue History
True Leaf Brands's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from True Leaf Brands Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MJ Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2.23 -6.62 7.09 0.13
2019-03-31 2.31 -5.51 6.29 0.14
2018-12-31 2.10 -5.35 6.07 0.15
2018-09-30 1.72 -4.58 5.18 0.07
2018-06-30 1.60 -3.69 4.29 0.08
2018-03-31 1.40 -3.97 4.48 0.06
2017-12-31 1.11 -2.50 2.86 0.01
2017-09-30 0.99 -2.58 2.86 0.06
2017-06-30 0.62 -2.56 2.69 0.05
2017-03-31 0.37 -1.74 1.75 0.05
2016-12-31 0.29 -1.62 1.62 0.07
2016-09-30 0.17 -1.21 1.21 0.03
2016-06-30 0.08 -1.05 1.02 0.02
2016-03-31 0.04 -1.04 1.00 0.02
2015-12-31 0.02 -1.48 0.97 0.02
2015-09-30 -1.39 0.87 0.02
2015-06-30 -1.43 0.89 0.04
2015-03-31 -2.17 0.76 0.03
2014-03-31 -0.10 0.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if True Leaf Brands has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if True Leaf Brands has efficiently used its assets last year compared to the CA Pharmaceuticals industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if True Leaf Brands improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess True Leaf Brands's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Pharmaceuticals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
True Leaf Brands has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MJ Health

 How is True Leaf Brands's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up True Leaf Brands's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • True Leaf Brands is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • True Leaf Brands's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of True Leaf Brands's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from True Leaf Brands Company Filings, last reported 2 months ago.

CNSX:MJ Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 10.91 4.08 2.66
2019-03-31 11.88 3.81 4.45
2018-12-31 12.38 0.06 2.39
2018-09-30 13.38 0.10 5.49
2018-06-30 14.40 0.00 7.50
2018-03-31 15.25 0.00 10.81
2017-12-31 2.00 0.08 0.90
2017-09-30 1.85 0.09 0.82
2017-06-30 2.26 0.10 1.93
2017-03-31 0.43 0.11 0.16
2016-12-31 0.60 0.12 0.26
2016-09-30 0.19 0.00 0.27
2016-06-30 0.38 0.00 0.39
2016-03-31 -0.53 0.06 0.00
2015-12-31 -0.35 0.06 0.09
2015-09-30 -0.33 0.00 0.01
2015-06-30 -0.22 0.00 0.03
2015-03-31 -0.11 0.00 0.04
2014-03-31 -0.08 0.00
  • True Leaf Brands's level of debt (37.4%) compared to net worth is satisfactory (less than 40%).
  • True Leaf Brands had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • True Leaf Brands has less than a year of cash runway based on current free cash flow.
  • True Leaf Brands has less than a year of cash runway if free cash flow continues to grow at historical rates of 77.2% each year.
X
Financial health checks
We assess True Leaf Brands's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. True Leaf Brands has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MJ Dividends

 What is True Leaf Brands's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from True Leaf Brands dividends.
If you bought CA$2,000 of True Leaf Brands shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate True Leaf Brands's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate True Leaf Brands's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:MJ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Pharmaceuticals Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as True Leaf Brands has not reported any payouts.
  • Unable to verify if True Leaf Brands's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of True Leaf Brands's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as True Leaf Brands has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess True Leaf Brands's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can True Leaf Brands afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. True Leaf Brands has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MJ Management

 What is the CEO of True Leaf Brands's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Darcy Bomford
COMPENSATION CA$221,749
AGE 53
TENURE AS CEO 5.3 years
CEO Bio

Mr. Darcy E. Bomford serves as the Chief Executive Officer and Director of True Leaf Pet Inc. Mr. Bomford has been the Chief Executive Officer since at True Leaf Medicine International Ltd. since June 09, 2014 and served as its President since June 09, 2014. He is the Founder of True Leaf Medicine International Ltd since June 09, 2014. He founded Darford International Inc. in 1987 and served as its President from May 1995 to October 17, 2012 and Chief Executive Officer until October 2012. He has three decades of executive management experience, he has a proven ability to create, lead and grow successful companies. In addition, he has experience of the pet nutrition market. He has been a Director of True Leaf Medicine International Ltd. since June 09, 2014. He served as a Director of Darford International Inc. since September 1995. He is highly adept at building brands through corporate vision, strategy and the successful development of relationships with team members and strategic partners.

CEO Compensation
  • Darcy's compensation has increased whilst company is loss making.
  • Darcy's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the True Leaf Brands management team in years:

1.2
Average Tenure
  • The average tenure for the True Leaf Brands management team is less than 2 years, this suggests a new team.
Management Team

Darcy Bomford

TITLE
Founder
COMPENSATION
CA$222K
AGE
53
TENURE
5.3 yrs

Chuck Austin

TITLE
COMPENSATION
CA$65K
AGE
82
TENURE
1 yrs

Kerry Biggs

TITLE
Chief Financial Officer
TENURE
1 yrs

Allen Fujimoto

TITLE
Senior Vice-President of Operations
TENURE
0.3 yrs

Bal Bhullar

TITLE
General Counsel

Paul Sullivan

TITLE
Director of Public Relations

Don Chisholm

TITLE
Chief Marketing Officer
TENURE
1.4 yrs

Tenzin Khangsar

TITLE
Executive Vice President
TENURE
1.2 yrs

Stephen Schroeder

TITLE
Chief Cannabis Industry Advisor
TENURE
1.5 yrs

Megan Ryan

TITLE
Sales & Marketing Manager
Board of Directors Tenure

Average tenure and age of the True Leaf Brands board of directors in years:

1.2
Average Tenure
55
Average Age
  • The average tenure for the True Leaf Brands board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Harcourt

TITLE
Chairman of the Board
AGE
76

Darcy Bomford

TITLE
Founder
COMPENSATION
CA$222K
AGE
53
TENURE
5.3 yrs

Jodi Watson

TITLE
Vice Chairman
TENURE
0.7 yrs

Kathy Kramer

TITLE
Chair of Veterinary Advisory Board
TENURE
1.1 yrs

Kevin Bottomley

TITLE
Director & Corporate Relations
TENURE
5.3 yrs

Robert Silver

TITLE
Member of Advisory Board
TENURE
4.3 yrs

Sylvain Toutant

TITLE
Director
AGE
55
TENURE
1.2 yrs

Conny Mosley

TITLE
Member of True Leaf Veterinary Advisory Board
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
12. Apr 19 Sell Darcy Bomford Individual 09. Apr 19 09. Apr 19 -400,000 CA$0.49 CA$-196,000
13. Mar 19 Sell Kevin Bottomley Individual 11. Mar 19 11. Mar 19 -10,000 CA$0.55 CA$-5,500
X
Management checks
We assess True Leaf Brands's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. True Leaf Brands has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MJ News

Simply Wall St News

Have Insiders Been Buying True Leaf Brands Inc. (CNSX:MJ) Shares This Year?

See our latest analysis for True Leaf Brands The Last 12 Months Of Insider Transactions At True Leaf Brands In the last twelve months, the biggest single sale by an insider was when the Founder, Darcy Bomford, sold CA$196k worth of shares at a price of CA$0.49 per share. … CNSX:MJ Recent Insider Trading, July 23rd 2019 True Leaf Brands Insiders Bought Stock Recently Over the last quarter, True Leaf Brands insiders have spent a meaningful amount on shares. … Insiders likely see value in True Leaf Brands shares, given these transactions (along with notable insider ownership of the company).

Simply Wall St -

MJ Company Info

Description

True Leaf Brands Inc. manufactures and distributes hemp-based nutrition for pets. It sells dog chews, dental sticks, and supplement oils under the True Hemp brand name in approximately 3,500 stores in the United States, Canada, Europe, and New Zealand, as well as through online on Amazon. The company was formerly known as True Leaf Medicine International Ltd. and changed its name to True Leaf Brands Inc. in May 2019. True Leaf Brands Inc. was founded in 2013 and is headquartered in Vernon, Canada.

Details
Name: True Leaf Brands Inc.
MJ
Exchange: CNSX
Founded: 2013
CA$23,094,782
100,412,099
Website: http://www.trueleaf.com
Address: True Leaf Brands Inc.
Unit 32,
100 Kalamalka Lake Road,
Vernon,
British Columbia, V1T 9G1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX MJ Common Shares Canadian National Stock Exchange CA CAD 12. Mar 2015
DB TLA Common Shares Deutsche Boerse AG DE EUR 12. Mar 2015
Number of employees
Current staff
Staff numbers
7
True Leaf Brands employees.
Industry
Pharmaceuticals
Pharmaceuticals & Biotech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/20 01:12
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.