Licensed since March 2014, ABcann sets itself apart from other Canadian licensed producers with its 94% customer retention rate, its focus on organic cultivation in proprietary growing chambers and its industry-leading production yields in excess of 250 grams per sq. ft., double the industry average.
The company, which is in the process of developing its 65-acre site with a second 150K sq. ft. facility, has a research partnership with the University of Guelph and and has supplied innovative cannabis inhaler device maker Syqe Medical with its standardized cannabis.
Fiscal Year-End: December
License Renewal Month: October 2017
Licensed Capacity: 625 kilograms
Number of Patients: N/A
Headquarters: Napanee, Ontario
Financials (pro forma 09/30)
Cash on hand: $28.9mm
Fixed Investment: $5.72mm
Shareholders’ Equity: $17.8mm
Revenues – Last Quarter: N/A
Adj. Gross Margin: N/A
Capital Structure (04/23/17)
Last Financing: 12.875mm shares at $0.80
Basic Shares: 97.20mm
Diluted Shares: 173.83mm
- Focus on pharmaceutical grade plant standardization
- 94.7% customer retention rate
- Organic production using exclusive, computer-controlled environmental system
- Expand existing facility and construct 2nd facility targeting 40 kg/annum production capacity
- Pursue global initiatives in Europe, Israel and Australia
- Active discussions to license production to U.S. operators
- Production through computer-controlled environmental systems
- Industry-leading efficiency in terms of yield per square foot
- Research partnership with University of Guelph
Above Industry Average Yields
ABcann’s standardized organic growing methods yield not only a higher quality product as reflected by its premium pricing but also a lower overall cost. According to PI Financial, ABcann is able to produce almost double the industry average as measured by grams per square foot.
Strong Advisory Board Led by
the “Father of Cannabis Medicine”
Dr. Raphael Mechoulam is an Israeli organic chemist and professor of Medicinal Chemistry at the Hebrew University of Jerusalem in Israel. Mechoulam is best known for his work (together with Y. Gaoni) in the isolation, structure elucidation and total synthesis of Δ9-tetrahydrocannabinol, the main active principle of cannabis and for the isolation and the identification of the endogenous cannabinoids anandamide from the brain and 2-arachidonoyl glycerol (2-AG) from peripheral organs together with his students, postdocs and collaborators.
ABcann Global Corporation (TSXV:ABCN OTC: ABCCF) is pleased to announce that it has entered into a binding letter of intent dated December 11, 2017 to acquire all of the outstanding securities of Harvest Medicine Inc..
ABCANN GLOBAL CORPORATION (TSX-V:ABCN) is pleased to announce that the Company has been licensed by Health Canada to produce medical cannabis oils.
ABcann Global Corp. (OTCQB: ABCCF) (TSX.V: ABCN) and others prepare for legalized recreational cannabis on July 1, 2018, as expectations see significant growth in demand.
Seekingalpha.com recently posted an in-depth article looking at ABcann Global (TSX.V: ABCN OTCQB: ABCCF) and how well positioned it is in this emerging market. It's a great read for those interested in this company that we've identified as one of Canada's Strongest Growers.
Twelve of Canada's leading Licenced Producers of medical cannabis (including ABcann) today announced the creation of the Canadian Cannabis Co-op. The Co-op is prepared to make a significant investment in Alberta to create a turn-key retail solution to address the challenges of safe, regulated supply and socially-responsible cannabis retailing.
The medical cannabis business is booming in Canada, projected to ramp up and exceed $8 billion within seven years. The growth trajectory shows no signs of slowing yet pales in comparison to the global opportunity.
The Canadian government's plan to push through legalization of marijuana for recreational purposes by mid-2018 figures to deal a serious blow to the existing black market. ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) is poised to capitalize.
The Seed Investor sits down with ABcann CEO Aaron Keay to discuss ABcann and what it takes to be the strongest grower in the Marijuana sector.