United Cannabis Corp (CNAB) financial statements (2021 and earlier)

Company profile

Business Address 301 COMMERCIAL RD.
GOLDEN, CO 80401
State of Incorp. CO
Fiscal Year End December 31
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments 66582611311832132
Cash and cash equivalents 66582611311832132
Receivables 259 5162509
Inventory, net of allowances, customer advances and progress billings 2,55243   
Inventory 2,55243    
Prepaid expense    56177 
Deferred costs    32  
Other current assets 3523    
Total current assets: 3,51089216426954941
Noncurrent Assets
Property, plant and equipment 2,120200   18
Long-term investments and receivables   88293732 
Long-term investments   88293732 
Intangible assets, net (including goodwill) 5,1095,009323218
Goodwill 4,8394,839    
Intangible assets, net (excluding goodwill) 271171323218 
Other undisclosed noncurrent assets 2,154972    
Total noncurrent assets: 9,3836,18112032675018
TOTAL ASSETS: 12,8937,0732845941,29959
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,303382801,0331,019 
Accounts payable 1,1633722510427 
Accrued liabilities 1391055929551 
Employee-related liabilities     434 
Interest and dividends payable     7 
Debt 584712677577550
Derivative instruments and hedges, liabilities    384  
Due to related parties 1,155261171   
Deferred revenue and credits180180380500 
Other undisclosed current liabilities 3,075310 108(441) 
Total current liabilities: 5,5901,1805572,6801,85350
Noncurrent Liabilities
Liabilities, other than long-term debt  24204384444 
Deferred revenue and credits24204384444 
Total noncurrent liabilities:  24204384444 
Total liabilities: 5,5901,2047613,0632,29750
Stockholders' equity
Stockholders' equity attributable to parent, including: 7,5675,919(477)(2,469)(998)9
Preferred stock 22    
Common stock 46,94021,1878,8863,0391,5392
Additional paid in capital      164
Accumulated deficit (39,374)(15,270)(9,362)(5,508)(2,625)(157)
Other undisclosed stockholders' equity attributable to parent     88 
Stockholders' equity attributable to noncontrolling interest (264)(50)    
Total stockholders' equity: 7,3035,869(477)(2,469)(998)9
TOTAL LIABILITIES AND EQUITY: 12,8937,0732845941,29959

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 7,245362715563187106
Revenue, net    106
Cost of revenue (5,841)(135)(343)(150)(7)(63)
Cost of goods and services sold    (1) (63)
Gross profit: 1,40422837241218043
Operating expenses (22,655)(5,416)(1,139)(1,834)(1,994)(109)
Other undisclosed operating income      63
Operating loss: (21,251)(5,188)(767)(1,422)(1,814)(3)
Nonoperating expense   (3,087)(1,462)(595) 
Investment income, nonoperating   (1,894)(24)6 
Interest and debt expense (195)(310)(692)(108)(98) 
Loss from continuing operations before equity method investments, income taxes: (21,446)(5,499)(4,546)(2,991)(2,507)(3)
Other undisclosed income (loss) from continuing operations before income taxes (2,873)(705) 10898 
Loss from continuing operations: (24,319)(6,204)(4,546)(2,883)(2,409)(3)
Loss from discontinued operations     (59) 
Net loss: (24,319)(6,204)(4,546)(2,883)(2,468)(3)
Net income attributable to noncontrolling interest 214296    
Other undisclosed net income attributable to parent   692   
Net loss available to common stockholders, diluted: (24,105)(5,908)(3,854)(2,883)(2,468)(3)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss: (24,319)(6,204)(4,546)(2,883)(2,468)(3)
Comprehensive loss: (24,319)(6,204)(4,546)(2,883)(2,468)(3)
Comprehensive income, net of tax, attributable to noncontrolling interest 214296    
Comprehensive loss, net of tax, attributable to parent: (24,105)(5,908)(4,546)(2,883)(2,468)(3)

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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