General Cannabis Corp. (CANN) financial statements (2020 and earlier)

Company profile

Business Address 6565 EAST EVANS AVENUE
DENVER, CO 80224
State of Incorp. CO
Fiscal Year End December 31
SIC 7381 - Detective, Guard, and Armored Car Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1851000
Cash and cash equivalents1851000
Receivables000000 
Inventory, net of allowances, customer advances and progress billings   000
Inventory   000 
Prepaid expense10100 0
Other undisclosed current assets110  0 
Total current assets:2961000
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset0
Property, plant and equipment2112220
Long-term investments and receivables0  0   
Accounts and financing receivable, after allowance for credit loss   0   
Due from related parties0      
Intangible assets, net (including goodwill) 0002 
Goodwill    0  
Intangible assets, net (excluding goodwill) 0002  
Regulated entity, other noncurrent assets     0 
Deferred costs     0 
Other undisclosed noncurrent assets00 (1) (0) 
Total noncurrent assets:2211320
Other undisclosed assets   1   
TOTAL ASSETS:51183421
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1110000
Accounts payable 00    
Taxes payable 00    
Interest and dividends payable0 000  
Other undisclosed accounts payable and accrued liabilities101 (0)00
Debt2 1 120
Deferred compensation liability0 0000 
Derivative instruments and hedges, liabilities2  23 4 
Deferred revenue and credits00   
Other undisclosed current liabilities161 2(2) 
Total current liabilities:66424440
Noncurrent Liabilities
Long-term debt and lease obligation   1 10
Long-term debt, excluding current maturities   1 10
Liabilities, other than long-term debt     0 
Deferred compensation liability, classified     0 
Other undisclosed noncurrent liabilities0  1000
Total noncurrent liabilities:0  2010
Total liabilities:66426460
Stockholders' equity
Stockholders' equity attributable to parent, including:(1)54(23)(0)(4)0
Common stock0000001
Additional paid in capital60563826164 
Accumulated deficit(61)(52)(35)(49)(16)(8) 
Other undisclosed stockholders' equity attributable to parent      (1)
Total stockholders' equity:(1)54(23)(0)(4)0
TOTAL LIABILITIES AND EQUITY:51183421

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues654320 
Revenue, net4320 
Cost of revenue(8)(6)(3)(6)(16)(0) 
Cost of goods and services sold(1)(1)(3)(5)1(0) 
Gross profit:(2)(1)0(3)(14)0 
Operating expenses(9)(10)(7)(4)7(3) 
Other operating income, net     7 
Other undisclosed operating loss     (7) 
Operating loss:(11)(11)(7)(7)(7)(3) 
Nonoperating income (expense)(3)(6)(1)(26)1(8) 
Investment income, nonoperating    (0)(3) 
Other nonoperating income (expense)(3)(6)(1)(26)2(4) 
Interest and debt expense(1)(0)(0)(0)0(0) 
Loss from continuing operations before equity method investments, income taxes:(15)(17)(9)(33)(6)(11) 
Loss from equity method investments  (1)    
Loss from continuing operations before income taxes:(15)(17)(9)(33)(6)(11) 
Income tax expense   (0)(0)  
Other undisclosed income from continuing operations     4 
Loss before gain (loss) on sale of properties:(15)(17)(9)(33)(6)(7) 
Other undisclosed net income (loss)0010(3)  
Net loss:(15)(17)(8)(33)(9)(7) 
Other undisclosed net income attributable to parent0      
Net loss attributable to parent:(14)(17)(8)(33)(9)(7) 
Other undisclosed net loss available to common stockholders, basic(1)      
Net loss available to common stockholders, diluted:(15)(17)(8)(33)(9)(7) 

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(15)(17)(8)(33)(9)(7) 
Comprehensive loss, net of tax, attributable to parent:(15)(17)(8)(33)(9)(7) 

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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