Indiva

Indiva provide access to medical cannabis.

Launch date

1979

Employees

Market cap

Enterprise valuation

€17m (Public information from Jun 2024)

London Ontario (HQ)

https://www.indiva.com/

https://twitter.com/indivalife https://www.facebook.com/indivainc https://www.linkedin.com/company/indivalife

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Revenues, earnings & profits over time

CAD	2019	2020	2021	2022	2023	2024	2025
Revenues	<1m	14.7m	32.5m	34.4m	37.2m	58.8m	63.3m
% growth	1485 %	1486 %	122 %	6 %	8 %	58 %	8 %
EBITDA	(9.5m)	(11.0m)	(11.0m)	(5.9m)	(1.9m)	4.9m	5.5m
% EBITDA margin	(1027 %)	(75 %)	(34 %)	(17 %)	(5 %)	8 %	9 %
Profit	(11.4m)	(15.4m)	(15.0m)	(10.9m)	(4.9m)	-	-
% profit margin	(1234 %)	(105 %)	(46 %)	(32 %)	(13 %)	-	-
EV / revenue	31.0x	3.0x	2.2x	1.0x	1.0x	0.6x	0.5x
EV / EBITDA	-3.0x	-3.9x	-6.4x	-5.9x	-19.8x	6.8x	5.6x
R&D budget	<1m	<1m	<1m	1.0m	-	-	-
R&D % of revenue	13 %	-	1 %	3 %	-	-	-

Date	Investors	Amount	Round
Dec 2017	N/A	N/A	IPO
Dec 2019	N/A	$4.0m	Post IPO Debt
Nov 2020	Nutritional Holdings	N/A	Acquisition
Jun 2023*	Tweed Marijuana	$2.2m	Private Placement non VC
Aug 2024*	SNDL	N/A	Acquisition
Total Funding		-

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