Canyon Creek Food Company Ltd.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025May 31, 2025 | FY 2024May 31, 2024 | FY 2023May 31, 2023 | FY 2022May 31, 2022 | FY 2021May 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | -- | 13.5M | 11.9M | 9.6M | 7.2M |
| Operating Revenue | -- | 13.5M | 11.9M | 9.6M | 7.2M |
| Cost Of Revenue | -- | 11.6M | 11.4M | 8.9M | 5.4M |
| Gross Profit | -- | 1.9M | 494,108 | 669,316 | 1.7M |
| Selling General And Administration | -- | 2.8M | 1.8M | 1.5M | 982,989 |
| General And Administrative Expense | -- | 2.0M | 1.8M | 1.5M | 982,989 |
| Research And Development | -- | 12,823 | 16,102 | 20,168 | 6,065 |
| Operating Expense | -- | 2.8M | 1.8M | 1.6M | 989,054 |
| Operating Income | -- | -913,895 | -1.3M | -900,514 | 737,299 |
| EBIT | -- | -2.0M | -2.8M | -1.5M | 737,299 |
| Interest Expense | -- | 2.5M | 1.9M | 1.7M | 2.4M |
| Interest Expense Non Operating | -- | 2.5M | 1.9M | 1.7M | 2.4M |
| Net Interest Income | -- | -2.5M | -1.9M | -1.7M | -2.4M |
| Other Income Expense | -- | -1.1M | -1.5M | -627,116 | -- |
| Special Income Charges | -- | -1.1M | -1.5M | -627,116 | 0.00 |
| Pretax Income | -- | -4.5M | -4.7M | -3.2M | -1.7M |
| Tax Effect Of Unusual Items | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -- | -4.5M | -4.7M | -3.2M | -1.7M |
| Net Income From Continuing Operation Net Minority Interest | -- | -4.5M | -4.7M | -3.2M | -1.7M |
| Net Income Including Noncontrolling Interests | -- | -4.5M | -4.7M | -3.2M | -1.7M |
| Net Income Common Stockholders | -- | -4.5M | -4.7M | -3.2M | -1.7M |
| Net Income | -- | -4.5M | -4.7M | -3.2M | -1.7M |
| EBITDA | -- | -1.5M | -2.3M | -940,606 | 1.2M |
| Normalized EBITDA | -- | -459,788 | -863,055 | -313,490 | 1.2M |
| Reconciled Depreciation | -- | 454,107 | 478,221 | 587,024 | 477,202 |
| Basic EPS | -0.09 | -0.13 | -0.13 | -0.09 | -- |
| Diluted EPS | -0.09 | -0.13 | -0.13 | -0.09 | -- |
| Basic Average Shares | 35.1M | 35.1M | 35.1M | 35.1M | -- |
| Diluted Average Shares | 35.1M | 35.1M | 35.1M | 35.1M | -- |
| Total Unusual Items | -- | -1.1M | -1.5M | -627,116 | 0.00 |
| Total Unusual Items Excluding Goodwill | -- | -1.1M | -1.5M | -627,116 | 0.00 |
| Tax Rate For Calcs | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -- | -3.4M | -3.2M | -2.6M | -1.7M |
| Diluted NI Availto Com Stockholders | -- | -4.5M | -4.7M | -3.2M | -1.7M |
| Gain On Sale Of Ppe | -- | -43,137 | -1,054 | 0.00 | -- |
| Impairment Of Capital Assets | -- | 1.0M | 1.5M | 627,116 | 0.00 |
| Net Income Continuous Operations | -- | -4.5M | -4.7M | -3.2M | -1.7M |
| Net Non Operating Interest Income Expense | -- | -2.5M | -1.9M | -1.7M | -2.4M |
| Other Gand A | -- | 976,834 | 951,027 | 718,560 | 482,886 |
| Reconciled Cost Of Revenue | -- | 11.6M | 11.4M | 8.9M | 5.4M |
| Rent Expense Supplemental | -- | 220,320 | 219,972 | 98,543 | 44,034 |
| Salaries And Wages | -- | 917,923 | 868,255 | 831,102 | 500,103 |
| Selling And Marketing Expense | -- | -- | -- | -- | 51,762 |
| Total Expenses | -- | 14.4M | 13.3M | 10.5M | 6.4M |
| Total Operating Income As Reported | -- | -2.0M | -2.8M | -1.5M | -- |
| Line Item | FY 2025May 31, 2025 | FY 2024May 31, 2024 | FY 2023May 31, 2023 | FY 2022May 31, 2022 | FY 2021May 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | -- | 997.00 | 213.00 | 1,138 | 200,444 |
| Cash Cash Equivalents And Short Term Investments | -- | 997.00 | 213.00 | 1,138 | 200,444 |
| Accounts Receivable | -- | 434,404 | 419,667 | 321,122 | 267,874 |
| Receivables | -- | 434,404 | 419,667 | 321,122 | 267,874 |
| Inventory | -- | 1.1M | 841,350 | 1.6M | 594,382 |
| Prepaid Assets | -- | 58,141 | 38,888 | 125,257 | 85,768 |
| Current Assets | -- | 1.6M | 1.3M | 2.1M | 1.1M |
| Gross PPE | -- | 9.2M | 9.2M | 9.2M | 7.0M |
| Accumulated Depreciation | -- | -4.8M | -3.9M | -3.5M | -2.7M |
| Net PPE | -- | 4.4M | 5.3M | 5.7M | 4.3M |
| Total Non Current Assets | -- | 4.4M | 5.3M | 5.7M | 4.4M |
| Total Assets | -- | 6.0M | 6.6M | 7.8M | 5.5M |
| Current Debt | -- | 5.0M | 5.4M | 4.7M | 2.5M |
| Current Debt And Capital Lease Obligation | -- | 5.4M | 5.8M | 5.1M | 2.8M |
| Accounts Payable | -- | 3.9M | 3.1M | 3.4M | 1.5M |
| Payables | -- | 3.9M | 3.1M | 3.4M | 1.5M |
| Payables And Accrued Expenses | -- | 4.7M | 3.8M | 4.1M | 2.1M |
| Current Accrued Expenses | -- | 836,754 | 749,217 | 667,345 | 591,951 |
| Other Current Liabilities | -- | 708,274 | 339,219 | -- | -- |
| Current Liabilities | -- | 10.8M | 9.9M | 9.2M | 4.9M |
| Long Term Debt | -- | 17.2M | 15.2M | 14.2M | 14.2M |
| Long Term Debt And Capital Lease Obligation | -- | 19.1M | 17.4M | 16.7M | 16.6M |
| Long Term Capital Lease Obligation | -- | 2.0M | 2.1M | 2.5M | 2.5M |
| Other Non Current Liabilities | -- | 803,017 | 962,421 | -- | -- |
| Total Non Current Liabilities Net Minority Interest | -- | 36.3M | 33.4M | 30.6M | 29.4M |
| Total Liabilities Net Minority Interest | -- | 47.1M | 43.3M | 39.8M | 34.3M |
| Common Stock | -- | 12.9M | 12.9M | 12.9M | 12.9M |
| Capital Stock | -- | 12.9M | 12.9M | 12.9M | 12.9M |
| Additional Paid In Capital | -- | 182,400 | 182,400 | 182,400 | 182,400 |
| Retained Earnings | -- | -54.2M | -49.7M | -45.1M | -41.9M |
| Common Stock Equity | -- | -41.1M | -36.6M | -32.0M | -28.8M |
| Stockholders Equity | -- | -41.1M | -36.6M | -32.0M | -28.8M |
| Total Equity Gross Minority Interest | -- | -41.1M | -36.6M | -32.0M | -28.8M |
| Total Capitalization | -- | -24.0M | -21.4M | -17.8M | -14.6M |
| Net Tangible Assets | -- | -41.1M | -36.6M | -32.0M | -28.8M |
| Tangible Book Value | -- | -41.1M | -36.6M | -32.0M | -28.8M |
| Working Capital | -- | -9.2M | -8.6M | -7.1M | -3.7M |
| Invested Capital | -- | -19.0M | -16.1M | -13.1M | -12.2M |
| Total Debt | -- | 24.5M | 23.1M | 21.7M | 19.5M |
| Net Debt | -- | 22.2M | 20.6M | 18.9M | 16.4M |
| Share Issued | -- | 35.1M | 35.1M | 35.1M | 35.1M |
| Ordinary Shares Number | -- | 35.1M | 35.1M | 35.1M | 35.1M |
| Buildings And Improvements | -- | 1.1M | 1.3M | 1.5M | 1.4M |
| Capital Lease Obligations | -- | 2.4M | 2.5M | 2.8M | 2.8M |
| Current Capital Lease Obligation | -- | 396,660 | 398,093 | 325,709 | 326,223 |
| Finished Goods | -- | 90,190 | 67,612 | 112,030 | 6,166 |
| Interest Payable | -- | 836,754 | 749,217 | 667,345 | 591,951 |
| Leases | -- | 1.1M | 1.0M | 966,234 | 649,682 |
| Line Of Credit | -- | 4.7M | 5.0M | 4.4M | 2.1M |
| Machinery Furniture Equipment | -- | 237,100 | 237,100 | 238,349 | 205,214 |
| Non Current Accrued Expenses | -- | 16.4M | 15.1M | 13.9M | 12.8M |
| Non Current Prepaid Assets | -- | -- | -- | 0.00 | 81,252 |
| Other Current Borrowings | -- | 345,000 | 345,000 | 345,000 | 345,000 |
| Other Properties | -- | 6.8M | 6.7M | 6.6M | 4.7M |
| Properties | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | -- | 1.1M | 773,738 | 1.5M | 588,216 |
| Tradeand Other Payables Non Current | -- | -- | 962,421 | 0.00 | -- |
| Line Item | FY 2025May 31, 2025 | FY 2024May 31, 2024 | FY 2023May 31, 2023 | FY 2022May 31, 2022 | FY 2021May 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -- | -246,163 | -434,187 | 528,406 | 1.0M |
| Cash Flow From Continuing Operating Activities | -- | -246,163 | -434,187 | 528,406 | 1.0M |
| Depreciation And Amortization | -- | 454,107 | 478,221 | 587,024 | 477,202 |
| Depreciation Amortization Depletion | -- | 454,107 | 478,221 | 587,024 | 477,202 |
| Change In Working Capital | -- | 213,624 | 428,868 | 841,896 | -188,473 |
| Change In Receivables | -- | -14,738 | -98,545 | -53,247 | -111,983 |
| Change In Inventory | -- | -304,538 | 794,618 | -1.0M | 111,626 |
| Change In Payables And Accrued Expense | -- | 531,403 | -395,199 | 2.0M | -198,657 |
| Change In Payable | -- | 531,403 | -395,199 | 2.0M | -198,657 |
| Change In Other Current Liabilities | -- | 20,750 | 41,625 | 0.00 | -- |
| Other Non Cash Items | -- | 2.5M | 1.9M | 1.7M | 2.4M |
| Capital Expenditure | -- | -385,012 | -314,729 | -2.3M | -389,256 |
| Purchase Of PPE | -- | -385,012 | -314,729 | -2.3M | -389,256 |
| Net PPE Purchase And Sale | -- | -331,812 | -207,390 | -2.3M | -389,256 |
| Investing Cash Flow | -- | -331,812 | -207,390 | -2.2M | -507,585 |
| Cash Flow From Continuing Investing Activities | -- | -331,812 | -207,390 | -2.2M | -507,585 |
| Issuance Of Debt | -- | 2.1M | 2.2M | 2.5M | 2.0M |
| Repayment Of Debt | -- | -921,921 | -886,334 | -615,678 | -1.9M |
| Net Issuance Payments Of Debt | -- | 1.2M | 1.3M | 1.9M | 38,230 |
| Financing Cash Flow | -- | 578,759 | 640,652 | 1.5M | -317,999 |
| Cash Flow From Continuing Financing Activities | -- | 578,759 | 640,652 | 1.5M | -317,999 |
| Changes In Cash | -- | 784.00 | -925.00 | -199,306 | 200,444 |
| Beginning Cash Position | -- | 213.00 | 1,138 | 200,444 | 0.00 |
| End Cash Position | -- | 997.00 | 213.00 | 1,138 | 200,444 |
| Free Cash Flow | -- | -631,175 | -748,916 | -1.8M | 636,772 |
| Asset Impairment Charge | -- | 1.0M | 1.5M | 627,116 | 0.00 |
| Cash Dividends Paid | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Account Payable | -- | 531,403 | -395,199 | 2.0M | -198,657 |
| Change In Prepaid Assets | -- | -19,253 | 86,369 | -39,489 | 10,541 |
| Depreciation | -- | 454,107 | 478,221 | 587,024 | 477,202 |
| Gain Loss On Sale Of PPE | -- | 43,137 | 1,054 | 0.00 | -- |
| Interest Paid Cff | -- | -636,185 | -627,953 | -407,346 | -356,229 |
| Long Term Debt Issuance | -- | 1.9M | 1.1M | 0.00 | 2.0M |
| Long Term Debt Payments | -- | -385,858 | -396,755 | -332,374 | -336,876 |
| Net Income From Continuing Operations | -- | -4.5M | -4.7M | -3.2M | -1.7M |
| Net Long Term Debt Issuance | -- | 1.6M | 653,245 | -332,374 | 1.6M |
| Net Other Investing Changes | -- | -- | -- | 81,252 | -118,329 |
| Net Short Term Debt Issuance | -- | -349,198 | 615,360 | 2.2M | -1.6M |
| Operating Gains Losses | -- | 43,137 | 1,054 | -- | -- |
| Sale Of PPE | -- | 53,200 | 107,339 | 0.00 | -- |
| Short Term Debt Issuance | -- | 186,865 | 1.1M | 2.5M | 0.00 |
| Short Term Debt Payments | -- | -536,063 | -489,579 | -283,304 | -1.6M |