Added to YB: 2025-05-23
Pitch date: 2025-05-21
PRME.CN [bearish]
Prime Drink Group Corp.
+56%
current return
Author Info
No bio for this author
Company Info
Prime Drink Group Corp., together with its subsidiaries, develops and acquires spring water sources in North America.
Market Cap
CAD 42.4M
Pitch Price
CAD 0.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
-37.86
P/E
-5.54
EV/Sales
70.50
Sector
Water Utilities
Category
turnaround
Olivier Primeau Prime Drink Group: Built on Hype, Not Cash Flow
PRME.CN short: Avoid this beverage co. Revenue down 43% to $16M, losses ballooned to $12M. Poor acquisitions (Triani at 2.5x EBITDA now in receivership w/$54M debt), excessive dilution (shares +145% since 2024), related party deals. Water rights (3.35B liters) potential savior but depends on regulatory changes. Mgmt lacks public co experience.
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