Notable Internal Investment & Financial Insights of GURU Organic Energy Corp

Headquartered in Montreal, GURU Organic Energy Corp (GURU:CA) is a Canadian beverage company specializing in the production, marketing, and distribution of energy drinks in both Canadian and U.S. markets.

Listed on the Toronto Stock Exchange, the company boasts a market cap of nearly CAD 65.7 million and offers organic energy drinks through an extensive distribution network of over 25,000 points of sale. 

Internal Investment in GURU

Eric Yves Graveline, a seasoned industry professional with 30+ years in investment banking and management, is currently an independent director at a Beverage company. 

On October 31, he increased his position in the company by acquiring 40,000 common shares at an average price of 2.09 CAD per share, totaling about 83,600 CAD. This move gains significance as the stock has surged more than 7% since his trade in just a single day and within one month the stock has soared more than 40%.

Financial Position Q3 '23 

On September 14th, the beverage company released its Q3 earnings report, showcasing a strong quarterly performance supported by higher sales velocity and impressive results from the successful launch of "Theanine Fruit Punch" across Canada.

During Q3, the company experienced a remarkable 15% growth in net revenue, reaching a record-breaking $8.9 million, a substantial increase compared to the $7.7 million in Q3 2022. Additionally, the company reported a gross profit of $4.5 million, representing a significant upswing from the $4.2 million recorded in Q3 2022.

Furthermore, the company maintains a robust financial position with $48.7 million in cash and cash equivalents, along with unused credit facilities, reflecting prudent balance sheet management.

Market Outlook

This year, the organic beverage company experienced significant developments in its business. It was appointed as the official energy drink partner for the Canadian Elite Basketball League (CEBL) and the CEBL Championship Weekend for the 2023 season. Additionally, the company formed a partnership with Gradey Dick, a rookie for the Toronto Raptors and their first-round pick in the 2023 NBA draft.

Regarding its financial status, GURU received a Buy rating from the private banking company "Roth Capital Partners" and the investment banking company "Stifel Canada," with target prices of 5.75 and 3.50, respectively.