Formerly | Rainmaker Resources Ltd |
---|---|
TSX-V: NDVA | |
Industry | Legal Cannabis |
Founders | Koby Smutylo, Max Marion, and Niel Marotta |
Headquarters | London, Ontario |
Website | https://www.indiva.com |
Indiva is a publicly traded company based in London, Ontario. The company operates in the Canadian cannabis industry, producing and supplying cannabis and cannabis products for both the legal recreational and medical markets. [1] [2] [3] Indiva was founded in 2015 by Koby Smutylo, Max Marion, and Niel Marotta. [ citation needed ]
Indiva currently produces and supplies THC & CBD dried cannabis flower, pre-rolls, capsules and edibles. [4] [5]
In April 2018, Indiva entered a licensed joint-venture with Deepcell and Ruby Edibles to produce cannabis-infused salt and sugar. [6] Indiva also has relationships with Bhang chocolates and Wana gummies. [7] [8] [9] [10] [11] [12] In January 2019, Indiva completed an equity investment of 9.9% in Cannabis Retailer RetailGo (RGI). [13]
A cannabis edible, also known as a cannabis-infused food or simply an edible, is a food item that contains decarboxylated cannabinoids from cannabis extract as an active ingredient. Although edible may refer to either a food or a drink, a cannabis-infused drink may be referred to more specifically as a liquid edible or drinkable. Edibles are a way to consume cannabis. Unlike smoking, in which cannabinoids are inhaled into the lungs and pass rapidly into the bloodstream, peaking in about ten minutes and wearing off in a couple of hours, cannabis edibles may take hours to digest, and their effects may peak two to three hours after consumption and persist for around six hours. The food or drink used may affect both the timing and potency of the dose ingested.
Second Cup Cafe. is a Canadian restaurant chain, coffee retailer, and roaster. Its headquarters are in Mississauga, Ontario. Its stores sell hot and cold beverages, pastries, snacks, pre-packaged food items, hot and cold sandwiches, and drinkware, including mugs and tumblers.
Cannabis in Canada is legal for both recreational and medicinal purposes. Cannabis was originally prohibited in 1923 until medicinal use of cannabis was legalized nationwide under conditions outlined in the Marihuana for Medical Purposes Regulations issued by Health Canada, which regulated medical cannabis effective 30 July 2001, and was later superseded by the Access to Cannabis for Medical Purposes Regulations, which also permitted seed, grain, and fibre production under licence by Health Canada.
Leafly is a website focused on cannabis use and education. The company says it has more than 120 million annual visitors and over 10 million monthly active users. Leafly provides a wide range of information on cannabis including 1.5 million consumer product reviews, more than 9,000 cannabis articles and resources, and over 5,000 verified strains in its database. Leafly additionally provides 4,500+ retailers and 8,000+ cannabis brands with e-commerce tools such as digital storefronts, embedded menus, point-of-sale integrations, targeted advertising, and more. The company is headquartered in Seattle, Washington and from 2012 to 2019 was owned by Privateer Holdings, a private equity firm focused on the emerging legal cannabis industry. Leafly is now a publicly traded company with 160 employees.
MedMen Enterprises was a United States-based cannabis company. At its peak, it had operations in California, Nevada, Arizona, Florida, Illinois, New York, and Massachusetts. MedMen owns and operates 29 retail stores and 6 cultivation facilities and is currently licensed to expand its footprint to 65 retail locations. Its stock began trading on the Canadian Securities Exchange under the ticker symbol MMEN in 2018. The CSE suspended trading of MedMen's stocks on January 8, 2024 pursuant to cease trade orders from the Ontario Securities Commission and British Columbia Securities Commission, and the stocks were delisted on May 16, 2024. MedMen was also traded over-the-counter in the United States under the ticker symbol MMNFF. MedMen is based in Culver City, California and has more than 1,000 employees.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Chuck Rifici is a Canadian entrepreneur, former CEO of Tweed Marijuana Inc, and former CFO of the Liberal Party of Canada. He has been tagged "the godfather of Canadian weed".
CanniMed Therapeutics Inc. is a Canadian public licensed producer of medical cannabis. It is primarily focused on cannabis oil. The company's predecessor, Prairie Plant Systems, was established in 1988 and is located in Saskatoon, Saskatchewan. In 2013 CanniMed became the first cannabis producer to be licensed under Health Canada regulations that were issued that year. It went public in 2016, and in March 2018 almost all of its stock was acquired by a rival producer, Aurora Cannabis, following a hostile takeover to which company management finally consented.
Tokyo Smoke is a Canadian recreational cannabis retail brand owned by OEG Inc. that operates in the provinces of Manitoba, Ontario, Newfoundland and Labrador, and Saskatchewan. It was co-founded by father and son Lorne and Alan Gertner in 2015.
Cannabis in Alberta became legalized on October 17, 2018 following the coming into force of federal Bill C-45. Production, distribution and consumption of cannabis had been prohibited in Canada since 1923. While some other provinces distribute cannabis through publicly owned retail monopolies, Alberta allows private companies to sell cannabis at licensed retail storefronts and online. Private retailers must purchase cannabis from the provincial wholesaler, the AGLC. Originally, the Alberta government was the sole entity permitted to retail cannabis online within the province but as of March 8, 2022, private retailers are permitted to do so and the province has since exited the retail business.
Cannabis in Ontario is legal for both medical and recreational purposes. Cannabis in Canada has been legal for medicinal purposes since 2001 under conditions outlined in the Access to Cannabis for Medical Purposes Regulations, issued by Health Canada, while seed, grain, and fibre production are permitted under licence. The federal Cannabis Act, legalizing cannabis for recreational use, came into effect on 17 October 2018.
On October 17, 2018, cannabis was legalized in Canada for recreational and medical purposes. It was already legal for medicinal purposes, under conditions outlined in the Marihuana for Medical Purposes Regulations issued by Health Canada, and for seed, grain, and fibre production under licence by Health Canada.
Non-medical cannabis in Manitoba became legal when the national Cannabis Act went into force on October 17, 2018.
Aphria Inc., headquartered in Leamington, Ontario, was an international producer and distributor of medicinal and recreational cannabis. The company operated through retail and wholesale channels in Canada and internationally.
Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and Nasdaq as ACB. As of September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. The company began trading on the NYSE on October 23, 2018, using the ticker ACB.
The Ontario Cannabis Retail Corporation, operating as Ontario Cannabis Store (OCS), is a Crown corporation that manages a legal monopoly over the online retail and wholesale distribution of recreational cannabis to consumers and privately operated brick and mortar retailers respectively throughout Ontario, Canada.
The Northwest Cannabis Solutions Satsop facility is a 50,000-square-foot (4,600 m2) indoor cannabis growing facility at the Satsop Business Park in Satsop, Washington occupied by Northwest Cannabis Solutions, the largest I-502 legal cannabis grower in the State of Washington. The two-story facility was built in 1980 as part of the canceled Satsop Nuclear Power Plant complex built by WPPSS, also called "Whoops!", and was leased from the new owner, Port of Grays Harbor by Northwest Cannabis in October 2016. When the company was preparing to move in, in late 2016–early 2017, three new transformers were installed to furnish 9,000 amps for 2,000 grow lights and a robust HVAC plant. Over six million dollars in improvements were made by the lessee, who executed a five-year lease with options to extend 45 more years.
VIVO Cannabis Inc(formerly ABcann Global) is a Canadian licensed cannabis producer, headquartered in Napanee, Ontario. Prior to being acquired by MediPharm Labs Corp., VIVO traded on the Toronto Stock Exchange as VIVO.
Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.
The Green Rush (2012–present) is an ongoing global economic event that began on December 6, 2012, when cannabis was legalized in the US state of Washington; Colorado's legalization took effect four days later. While still illegal federally in the United States, the actions of these two state governments signaled the opening of a market projected to be worth US$48+ billion globally by 2027. As of 2019 the cannabis industry had created over 250,000 jobs. However, cannabis companies have been a mixed investment success, with many experiencing plunging stock prices, massive layoffs, and failure to meet investor expectations.
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