General Cannabis Corp. (CANN) financial statements (2021 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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 08510
Cash and cash equivalents 08510
Receivables 00000
Inventory, net of allowances, customer advances and progress billings    00
Inventory    00
Prepaid expense 10100
Disposal group, including discontinued operation 0    
Assets held-for-sale, not part of disposal group 0    
Other undisclosed current assets 010  
Total current assets: 29610
Noncurrent Assets
Property, plant and equipment 21122
Long-term investments and receivables 0  0 
Accounts and financing receivable, after allowance for credit loss 0  0 
Intangible assets, net (including goodwill)  0002
Goodwill     0
Intangible assets, net (excluding goodwill)  0002
Other undisclosed noncurrent assets 00 (1) 
Total noncurrent assets: 22113
Other undisclosed assets    1 
TOTAL ASSETS: 411834
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 11100
Accounts payable 100  
Taxes payable 000  
Interest and dividends payable 0 000
Other undisclosed accounts payable and accrued liabilities 001 (0)
Deferred revenue 1
Debt 2 1 1
Deferred compensation liability 0 000
Derivative instruments and hedges, liabilities 5  23 
Disposal group, including discontinued operation 0    
Deferred revenue and credits00 
Other liabilities 0    
Other undisclosed current liabilities 061 2
Total current liabilities: 964244
Noncurrent Liabilities
Long-term debt and lease obligation    1 
Long-term debt, excluding current maturities    1 
Other undisclosed noncurrent liabilities    10
Total noncurrent liabilities:    20
Total liabilities: 964264
Stockholders' equity
Stockholders' equity attributable to parent (6)54(23)(0)
Common stock 00000
Additional paid in capital 6156382616
Accumulated deficit (67)(52)(35)(49)(16)
Total stockholders' equity: (6)54(23)(0)
TOTAL LIABILITIES AND EQUITY: 411834

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 45432
Revenue, net432
Cost of revenue (2)(6)(3)(6)(16)
Cost of goods and services sold (2)(1)(3)(5)1
Gross profit: 1(1)0(3)(14)
Operating expenses (10)(10)(7)(4)7
Operating loss: (9)(11)(7)(7)(7)
Nonoperating income (expense) (5)(6)(1)(26)1
Other nonoperating income (expense) (5)(6)(1)(26)2
Interest and debt expense 0(0)(0)(0)0
Loss from continuing operations before equity method investments, income taxes: (14)(17)(9)(33)(6)
Loss from equity method investments   (1)  
Loss from continuing operations before income taxes: (14)(17)(9)(33)(6)
Income tax expense    (0)(0)
Loss from continuing operations: (14)(17)(9)(33)(6)
Loss from discontinued operations (2)    
Loss before gain (loss) on sale of properties: (15)(17)(9)(33)(6)
Other undisclosed net income (loss) (0)010(3)
Net loss attributable to parent: (15)(17)(8)(33)(9)
Other undisclosed net loss available to common stockholders, basic (2)    
Net loss available to common stockholders, diluted: (18)(17)(8)(33)(9)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (15)(17)(8)(33)(9)
Comprehensive loss, net of tax, attributable to parent: (15)(17)(8)(33)(9)

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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