Company research
GL Brands, Inc.
CIK 1581545Updated Sep 26, 2026
Securities
Historical securities (1)
GRLB · NASDAQ · equity · closed Jun 29, 2021Name history
Freedom Leaf Inc. · through Nov 18, 2019Arkadia International · through Jan 23, 2015
GRLB price & chart
Historical security
This listing closed Jun 29, 2021. Live provider charts are shown only for current listings.
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Recent filings
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Financials
FY 2019 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 18,226,575Source | 8,399,538Source | 990,819Source | 18,170Source |
| Property, Plant and Equipment, NetUSD | 221,722Source | 4,786,050Source | 0Source | — |
| GoodwillUSD | 15,127,749Source | 70,000Source | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 549,927Source | 1,522,574Source | 10,820Source | 7,464Source |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 170,371Source | 161,975Source | 0Source | 500Source |
| Inventory, NetUSD | 1,084,157Source | 201,689Source | 0Source | 2,465Source |
| Assets, CurrentUSD | 2,327,177Source | 1,025,514Source | 641,915Source | 7,122Source |
| Prepaid Expense and Other Assets, CurrentUSD | 616,814Source | 578,864Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 9,335,585Source | 5,381,141Source | 653,001Source | 302,560Source |
| Commitments and ContingenciesUSD | 0Source | 0Source | 150,000Source | — |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 948Source | 948Source | 948Source | 948Source |
| Common Stock, Value, IssuedUSD | 310,597Source | 185,370Source | 111,102Source | 94,439Source |
| Additional Paid in CapitalUSD | 30,842,385Source | 12,377,907Source | 4,996,756Source | 3,800,699Source |
| Retained Earnings (Accumulated Deficit)USD | -22,323,223Source | -9,540,976Source | -4,920,988Source | -4,010,338Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 17,592Source | 3,833Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | 8,848,299Source | 3,027,082Source | 187,818Source | -284,390Source |
| Liabilities and EquityUSD | 18,226,575Source | 8,399,538Source | 990,819Source | 18,170Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 9,248,585Source | 939,229Source | 174,256Source | 176,310Source |
| Accounts Payable, CurrentUSD | — | — | 15,789Source | 46,936Source |
| Other Liabilities, NoncurrentUSD | — | 0Source | 188,075Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 42,691Source | -8,684Source | — | — |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 129,525Source | 20,261Source | — | — |
| Accrued Liabilities, CurrentUSD | — | — | 31,891Source | 29,853Source |
| Deferred Compensation EquityUSD | — | — | 0Source | 170,137Source |
| Deferred Revenue, CurrentUSD | 1,698,515Source | — | — | — |
| Long-term DebtUSD | 1,905,982Source | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 1,818,982Source | — | — | — |
cash flow · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -12,730,872Source | -4,619,988Source | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,357,446Source | 170,916Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 0Source | 114,658Source | 750,990Source | 2,258,863Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -8,798Source | 99,310Source | -500Source | 3,020Source |
| Increase (Decrease) in InventoriesUSD | -127,164Source | 77,489Source | -2,465Source | 2,465Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | -160,405Source | 42,225Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -3,442,723Source | -1,100,802Source | -435,450Source | — |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 82,689Source | — | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -108,289Source | -384,436Source | -4,312Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 0Source | 47,878Source | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 3,649,417Source | 1,405,635Source | 440,502Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 0Source | 0Source | — | 0Source |
| Income Taxes Paid, NetUSD | — | — | — | 0Source |
| Additional Financial Items | ||||
| AmortizationUSD | — | — | -741Source | — |
| Share-based Payment Arrangement, ExpenseUSD | 34,302,685Source | — | — | — |
| Amortization of Intangible AssetsUSD | 687,187Source | 332,964Source | 741Source | 515Source |
| DepreciationUSD | 474,682Source | 63,698Source | — | — |
| Depreciation, Amortization and Accretion, NetUSD | 1,324,413Source | 379,227Source | — | — |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 0Source | -2,355Source | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | -707,523Source | — | — | — |
| Gain (Loss) on Disposition of AssetsUSD | -580,458Source | -295,400Source | — | — |
| Gain (Loss) on InvestmentsUSD | 0Source | -12,141Source | — | — |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | 780,884Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | 100,000Source | -1,063,610Source | — | — |
| General and Administrative ExpenseUSD | 9,105,658Source | 2,237,301Source | 1,421,224Source | 2,685,025Source |
| GoodwillUSD | 15,127,749Source | 70,000Source | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 780,884Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -12,782,247Source | -4,619,989Source | — | — |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Inventory Write-downUSD | 21,007Source | 36,039Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -12,782,247Source | -4,628,672Source | -910,650Source | -3,011,220Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -51,375Source | 8,684Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -12,730,872Source | -4,628,673Source | — | — |
| Nonoperating Income (Expense)USD | -1,474,419Source | -1,507,458Source | — | — |
| Operating ExpensesUSD | 13,626,577Source | 3,523,803Source | — | — |
| Proceeds from Contributed CapitalUSD | 0Source | 0Source | 21,082Source | 0Source |
| Proceeds from Issuance of Common StockUSD | — | — | 150,000Source | — |
| Unrealized Gain (Loss) on DerivativesUSD | -125,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Total RevenueUSD | 2,318,749Source | 411,272Source | 817,457Source | 118,473Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -11,307,828Source | -3,112,531Source | -769,769Source | -2,717,267Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -51,375Source | 8,684Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -12,782,247Source | -4,628,672Source | -910,650Source | -3,011,220Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 687,187Source | 332,964Source | 741Source | 515Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | 170,916Source | — | — |
| Gain (Loss) on InvestmentsUSD | 0Source | -12,141Source | — | — |
| General and Administrative ExpenseUSD | 9,105,658Source | 2,237,301Source | 1,421,224Source | 2,685,025Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -12,782,247Source | -4,619,989Source | — | — |
| Interest ExpenseUSD | 88,347Source | 29,105Source | 47,221Source | 3,779Source |
| Interest Income, OperatingUSD | 270Source | 10,345Source | 7,002Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -12,730,872Source | -4,628,673Source | — | — |
| Nonoperating Income (Expense)USD | -1,474,419Source | -1,507,458Source | — | — |
| Operating ExpensesUSD | 13,626,577Source | 3,523,803Source | — | — |
| Other IncomeUSD | — | 12,483Source | — | — |
| Selling and Marketing ExpenseUSD | 636,634Source | 49,656Source | 41,712Source | 18,335Source |