XTXXF on OTC

Adastra Holdings Ltd.

Canadian pharmaceutical preparations company based in Langley2

In its 2023 annual report (Form 20-F) the company says: “We are a corporation incorporated under the Business Corporations Act (British Columbia) in British Columbia, Canada under the name "Adastra Holdings Ltd." with an authorized share structure of unlimited number of common shares without par value. Our registered and records office is located at 900 - 885 West Georgia Street, Vancouver, British Columbia V6C 3H1, Canada. We are an extraction and processing solutions company.”8 Its shares trade on OTC under the symbol XTXXF.2

$0.01 up 0.00 (0.00%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

13.3MRevenue, fiscal 20224
-4.3MNet income, fiscal 20224

Compare with PyroGenesis Canada Inc., MEDICURE INC or MindWalk, or pick any stock.

  • TickerXTXXF on OTC2
  • IndustryPharmaceutical Preparations2
  • HeadquartersToronto, Canada2
  • Incorporated inBritish Columbia, Canada5
  • Business address5451 - 275 Street, Langley, A1 V4W3X85
  • Filer categoryNon-accelerated filer5
  • Legal formCorporation2
  • LEI549300GQAR5UWZYQE1382
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address200 Bay Street, M5J 2J2 Toronto, Canada2
  • Registered withMinistry of Government and Consumer Services, 14541952

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2022

46.0%Gross margin4
-6.0%Operating margin4
-32.2%Net margin4
136.2%Revenue growth, 20224
-23.5%Return on equity4
694.1K CADFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue54¢7.2M CAD
  • Other costs43¢5.7M CAD
  • Interest3¢343.9K CAD
  • Income tax0¢56.0K CAD

Out of 13.3M CAD in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Capital spending47¢625.0K CAD
  • Kept or used elsewhere53¢694.1K CAD

Out of 1.3M CAD of cash from operations.4

Financial statements

Revenue413.3M CAD in 2022+432% since 2020
05.0M CAD10.0M CAD15.0M CAD2020: 2.5M CAD2.5M CAD20202021: 5.6M CAD5.6M CAD2021+125%2022: 13.3M CAD13.3M CAD2022+136%
Gross profit46.1M CAD in 2022+678% since 2020
02.0M CAD4.0M CAD6.0M CAD8.0M CAD2020: 785.6K CAD785.6K CAD20202021: 1.9M CAD1.9M CAD2021+147%2022: 6.1M CAD6.1M CAD2022+214%
Operating income4-800.0K CAD in 2022−89% since 2020
-8.0M CAD-6.0M CAD-4.0M CAD-2.0M CAD02020: -7.2M CAD-7.2M CAD20202021: -2.4M CAD-2.4M CAD2021−67%2022: -800.0K CAD-800.0K CAD2022−67%
Net income4-4.3M CAD in 2022−44% since 2020
-8.0M CAD-6.0M CAD-4.0M CAD-2.0M CAD02020: -7.6M CAD-7.6M CAD20202021: -2.7M CAD-2.7M CAD2021−64%2022: -4.3M CAD-4.3M CAD2022+56%
Fiscal year2019202020212022
Revenue2.5M CAD45.6M CAD413.3M CAD4
Cost of revenue3.7M CAD47.2M CAD4
Gross profit785.6K CAD41.9M CAD46.1M CAD4
Research and development89.3K CAD40 CAD4
Operating income-7.2M CAD4-2.4M CAD4-800.0K CAD4
Interest276.6K CAD4343.9K CAD4
Income before tax-2.8M CAD4-4.3M CAD4
Income tax-15.0K CAD4-56.0K CAD4
Net income-7.6M CAD4-2.7M CAD4-4.3M CAD4
Earnings per share-0 CAD/shares4-0 CAD/shares4-0 CAD/shares4
Earnings per share (diluted)-0 CAD/shares4-0 CAD/shares4-0 CAD/shares4
Shares (weighted, basic)50.2M shares459.2M shares4
Shares (weighted, diluted)50.2M shares459.2M shares4

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What it owns

What Adastra Holdings Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net9.7M CAD4 Dec 31, 20229.8M CAD4 Dec 31, 2021−0.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill9.4M CAD4 Dec 31, 202211.1M CAD4 Dec 31, 2021−15.1%
Intangible assets, net (excluding goodwill)3.1M CAD4 Dec 31, 20223.5M CAD4 Dec 31, 2021−11.5%

Inventory

ItemLatestA year beforeChange
Inventory, total4.0M CAD4 Dec 31, 20221.8M CAD4 Dec 31, 2021+119.1%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorMichael Forbes named Sep 6, 20227
  • Executive OfficerOliver Smoke Foeste named Sep 6, 20227
  • DirectorJohn Smoke Wallin named Sep 6, 20227
  • DirectorPaul G. Morgan named Sep 6, 20227

Timeline

  1. Dec 14, 2000Founded Adastra Holdings Ltd. is founded2

Filings

41 filings to the SEC since October 2021: 2 annual reports, 1 private raises, 38 other. The latest 20:

  1. May 1, 202415-12G EDGAR
  2. Dec 6, 20236-K EDGAR
  3. Aug 18, 20236-K EDGAR
  4. May 31, 20236-K EDGAR
  5. May 17, 202320-F EDGAR
  6. May 4, 20236-K EDGAR
  7. May 4, 20236-K EDGAR
  8. Apr 26, 2023NT 20-F EDGAR
  9. Apr 14, 20236-K EDGAR
  10. Mar 20, 20236-K EDGAR
  11. Mar 6, 20236-K EDGAR
  12. Feb 23, 20236-K EDGAR
  13. Feb 16, 20236-K EDGAR
  14. Feb 15, 20236-K EDGAR
  15. Nov 30, 20226-K EDGAR
  16. Sep 6, 2022D EDGAR
  17. Sep 1, 20226-K EDGAR
  18. Aug 29, 20226-K EDGAR
  19. May 31, 20226-K EDGAR
  20. May 23, 20226-K EDGAR

The 41 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 19, 2022Filed a private offering of securities7 Form D: $173,205 offered in all Form D

SEC filer profile

How Adastra Holdings Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAdastra Holdings Ltd.1
  • CIK0001891512
  • Employer ID (EIN)12-09096271
  • Filer statusNon-accelerated filer1
  • Incorporated inBritish Columbia, Canada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2834 Pharmaceutical Preparations1
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
  • Business address5451 - 275 Street, Langley, A1 V4W3X81
  • Phone778-715-50111
  • Shares outstanding55,970,547 as of Dec 31, 20224
  • On EDGAR sinceNov 8, 20211
  • Filings41 in all: 6-K (20), UPLOAD (6), 20FR12G/A (4), CORRESP (4), 20-F (2), NT 20-F (2), 15-12G (1), 20FR12G (1)1
    All 9 form types

    D (1)

  • Latest filingsAnnual report (20-F) May 17, 2023