 | |
| Formerly | ABcann Global |
|---|---|
| Industry | Cannabis |
| Headquarters | , |
| Parent | MediPharm Labs Corp. |
| Subsidiaries | Canna Farms, Harvest Medicine |
| Website | vivocannabis |
VIVO Cannabis Inc(formerly ABcann Global) [1] 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.
VIVO received two of the first 15 licences by Health Canada in 2014. [2] It became a publicly traded company in April 2017 on the TSX Venture Exchange. In August 2017, the company received a $15 million investment by Cannabis Wheaton to fund the second production facility at its 65-acre property in Napanee. [3] Effective January 24, 2020, the company's stocks were moved from the TSX Venture Exchange to the Toronto Stock Exchange. [4] [5] In April 2023, VIVO merged with TSX-listed MediPharm Labs Corp. (TSX : LABS) in an all-stock deal that resulted in VIVO becoming a subsidiary of MediPharm. [6]
The company has three cannabis brands: Beacon Medical, Fireside and Lumina. [7] The products are grown using seeds from the Netherlands, and a computerized process where each plant is controlled and monitored. [8] The company has a comprehensive research partnership with the University of Guelph to enhance cannabis production and uses. [9]
In February 2018, VIVO acquired Harvest Medicine Inc, a medical cannabis clinic with 9,700 patients. [10] In August 2018, they acquired Canna Farms, a licensed producer located in Hope, British Columbia. [11]
VIVO works with the Ontario Cannabis Store [12] and the Alberta Gaming, Liquor, and Cannabis Commission [13] as a supplier of recreational marijuana to Ontario and Alberta. Canna Farms, a VIVO subsidiary, is a supplier of recreational marijuana to British Columbia through the B.C. Liquor Distribution Branch. [14] [15]
TMX Group Limited is a Canadian financial services company that operates equities, fixed income, derivatives, and energy markets exchanges. The company provides services encompassing listings, trading, clearing, settling and depository facilities, information services as well as technology services for the international financial community.
Shoppers Drug Mart Inc., commonly known as Shoppers is a Canadian retail pharmacy chain based in Toronto, Ontario. It has more than 1,300 stores in ten provinces and two territories.
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.
The Liquor Control Board of Ontario (LCBO) is a Crown corporation that retails and distributes alcoholic beverages throughout the Canadian province of Ontario. It is accountable to the Legislative Assembly through the minister of finance. It was established in 1927 by the government of Premier George Howard Ferguson to sell liquor, wine, and beer. Such sales were banned outright in 1916 as part of prohibition in Canada. The creation of the LCBO marked an easing of the province's temperance regime. By September 2017, the LCBO was operating 651 liquor stores.
China Wind Power International Corp TSX-V: CNW was a Toronto, Ontario based wind power company which developed and operated wind farms in Heilongjiang Province. It had indirect exclusive rights for wind energy development in Du Mon County.
MedMen Enterprises is a United States-based cannabis company with 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 trades on the Canadian Securities Exchange under the ticker symbol MMEN. MedMen is 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.
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Tokyo Smoke is a Canadian lifestyle brand owned by OEG Inc. that focuses on the legal recreational cannabis industry. The company was co-founded by father and son Lorne and Alan Gertner in 2015.
The cannabis industry is composed of legal cultivators and producers, consumers, independent industrial standards bodies, ancillary products and services, regulators and researchers concerning cannabis and its industrial derivative, hemp. The cannabis industry has been inhibited by regulatory restrictions for most of recent history, but the legal market has emerged rapidly as more governments legalize medical and adult use. Uruguay became the first country to legalize recreational marijuana through legislation in December, 2013. Canada became the first country to legalize private sales of recreational marijuana with Bill C-45 in 2018.
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.
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.
Aphria Inc., headquartered in Leamington, Ontario, is an international producer and distributor of medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 additional countries outside of Canada. Aphria offers multiple products under a portfolio of recreational cannabis brands, including Good Supply, B!NGO, Solei, RIFF, and Broken Coast. In November 2020, Aphria acquired SweetWater Brewing Company, one of the largest craft breweries in the USA.
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 late 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.
Guyana Goldfields was a Canadian company that owned and operated the Aurora gold mine in Guyana. Before being acquired by Zijin Mining in 2020, Guyana Goldfields was a publicly traded company with shares listed on the Toronto Stock Exchange and previously TSX Venture Exchange. Beginning in 1996 the company acquired exploration rights to the former Peters and Aurora mines with the objective of utilizing modern exploration technology to re-evaluate the potential gold reserves. Following positive exploratory results, the company received financing from the International Finance Corporation and other investors and conducted economic and technical feasibility studies. The Aurora gold mine began commercial production in 2015 and has produced approximately 125,000 to 160,000 ounces of gold per year from the mine since then. These lower than expected results and a revised technical study that significantly lowered the recoverable reserves estimates, led to the removal of the CEO and directors involved in making the investment decision and a class action lawsuit alleging misrepresentations in public disclosures.
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