DanCann Pharma A/S publishes Q3-2023 report
COPENHAGEN, Denmark, 30 November 2023 - DanCann Pharma A/S (SS: DANCAN) ("DanCann Pharma" or the "Company"), a Danish company powered by cannabinoids, hereby announce that the Company has published its report for the third quarter of 2023. The Q3-2023 report is available as an attached document to this press release and at www.dancann.com.
Summary: Group key figures Q3 2023
| DKK1000 | 01/01/23 – 30/09/23 | 01/01/22 -30/09/22 | 01/07/23 - 30/09/23 | 01/07/22 - 30/09/22 | 01/01/22 – 31/12/22 |
| Net sales | 4,462 | 3,606 | 1,625 | 1,569 | 5,707 |
| Operating profit (EBIT) | -10,470 | -12,116 | -3,087 | -2,809 | -17,586 |
| Result per share (DKK) | -0.10 | -0.37 | -0.03 | -0.10 | -0.52 |
| Equity ratio | 0.85 | 0.80 | 0.86 | 0.80 | 0.78 |
Number of shares on 30.09.2023 = 92,044,661 (28,468,289)
Result per share = Result for the period / weighted average number of shares
Equity ratio = Equity / Total assets
CEO, Jeppe Krog Rasmussen, comments:
- Our new strategic outlook pinpoints a more robust capital efficiency and a leaner operational structure that plays to our strengths and key competencies. This streamlined approach further capitalizes on our CannGros subsidiary’s profitable model.
- Fundamentally, we are deep-diving into three pivotal focus areas: enhancing market access to quality treatment, intensifying our efforts in regulatory and medical affairs, and focusing on medicinal products targeting the endocannabinoid system (ECS). Our ambition is to construct a robust portfolio, including generic and proprietary IP products, complemented by medical equipment that aids their administration and efficacy.
- Our strategic pivot resonates with our core mission. It is a testimony to a robust business model predicated on a more asset-light approach where profitability and returns are paramount to further enhancing access to medicines inspired by improving treatment availability.
TABLE OF CONTENTS:
- Words from the CEO
- Regulatory highlights during the period
- Group key figures
- About the Q3 Interim Report
- Group income statement
- Group balance sheet
- Group cash flow statement
- Parent income statement
- Parent cash flow statement
- Parent balance sheet
About DanCann Pharma A/S
DanCann Pharma A/S (SS: DANCAN) was founded in 2018 and is a Danish biopharmaceutical Company powered by cannabinoids.
DanCann Pharma A/S (SS: DANCAN) is listed on the Spotlight Stock Market in Copenhagen/Stockholm.
For more information, visit: www.dancann.com
For further information, please contact:
Jeppe Krog Rasmussen, CEO
E-mail: jkr@dancann.com
Forward-looking-statement:
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.
Forward-looking statements are subject to several risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities.
Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this presentation are made as of the date of this presentation and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
This disclosure contains information that DanCann Pharma A/S is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 30-11-2023.