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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6658261131183213276
Cash and cash equivalents6658261131183213276
Receivables259 5162509 
Inventory, net of allowances, customer advances and progress billings2,55243   9
Inventory2,55243    9
Prepaid expense   56177 
Deferred costs   32   
Other current assets3523    
Other undisclosed current assets      5
Total current assets:3,5108921642695494191
Noncurrent Assets
Property, plant and equipment2,120200   18 
Long-term investments and receivables  88293732  
Long-term investments  88293732  
Intangible assets, net (including goodwill)5,1095,009323218
Goodwill4,8394,839     
Intangible assets, net (excluding goodwill)271171323218  
Other undisclosed noncurrent assets2,154972    17
Total noncurrent assets:9,3836,1811203267501817
TOTAL ASSETS:12,8937,0732845941,29959108
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,303382801,0331,019 33
Accounts payable1,1633722510427 33
Accrued liabilities1391055929551  
Employee-related liabilities    434  
Interest and dividends payable    7  
Debt584712677577550 
Derivative instruments and hedges, liabilities   384   
Due to related parties1,155261171    
Deferred revenue and credits180180380500  
Other undisclosed current liabilities3,075310 108(441) 64
Total current liabilities:5,5901,1805572,6801,8535096
Noncurrent Liabilities
Liabilities, other than long-term debt 24204384444  
Deferred revenue and credits24204384444  
Total noncurrent liabilities: 24204384444  
Total liabilities:5,5901,2047613,0632,2975096
Stockholders' equity
Stockholders' equity attributable to parent, including:7,5675,919(477)(2,469)(998)912
Preferred stock22     
Common stock46,94021,1878,8863,0391,53922
Additional paid in capital     164164
Accumulated deficit(39,374)(15,270)(9,362)(5,508)(2,625)(157)(153)
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)912
TOTAL LIABILITIES AND EQUITY:12,8937,0732845941,29959108

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues7,24536271556318710684
Revenue, net    10684
Cost of revenue(5,841)(135)(343)(150)(7)(63) 
Cost of goods and services sold   (1) (63) 
Gross profit:1,4042283724121804384
Operating expenses(22,655)(5,416)(1,139)(1,834)(1,994)(109)(115)
Other undisclosed operating income     63 
Operating loss:(21,251)(5,188)(767)(1,422)(1,814)(3)(31)
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)(31)
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)(31)
Loss from discontinued operations    (59)  
Net loss:(24,319)(6,204)(4,546)(2,883)(2,468)(3)(31)
Net income attributable to noncontrolling interest214296     
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)(31)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(24,319)(6,204)(4,546)(2,883)(2,468)(3)(31)
Comprehensive loss:(24,319)(6,204)(4,546)(2,883)(2,468)(3)(31)
Comprehensive income, net of tax, attributable to noncontrolling interest214296     
Comprehensive loss, net of tax, attributable to parent:(24,105)(5,908)(4,546)(2,883)(2,468)(3)(31)

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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