Top 5 reasons why Canadian investors should capitalize on Cannara

World-class lighting set up at Cannara’s Farnham facility, Quebec , Market One Media
  • Canada’s cannabis market is continuing its upward trajectory with a current market size of $2.7 billion
  • Cannara Biotech has entered into a definitive agreement to acquire a one million sq ft state-of-the-art cultivation and manufacturing facility from The Green Organic Dutchman Holdings through an all-cash offer of $27 million. The estimated cost of construction of the facility was over $200 million
  • This acquisition gives Cannara the opportunity to take over Quebec’s cannabis market share — which is estimated to reach $500 million in 2021

“We want to win the hearts of Quebecers and dominate market share in the province. To do that we have to provide great quality in an affordable way.”
– Nicholas Sosiak, CFO, Cannara Biotech Inc.

Cannabis products in Quebec can only be sold through the province’s crown corporation, Société Québécoise Du Cannabis (SQDC), and there are currently only 68 retail locations in the entire province. In contrast, Ontario, Alberta, and British Columbia have more than double the number of retail locations as well as significantly more SKUs and licensed producers.

“We’ve spent two years learning how to cultivate the best cannabis, and because our management team is knowledgeable on cultivation, we are able to quickly replicate our process and formula directly through our leadership as we expand.”
– Nicholas Sosiak, CFO, Cannara Biotech Inc.

Currently, Cannara distributes its products through three separate brands: Tribal, Nugz and Orchid CBD. Tribal is targeted towards cannabis enthusiasts that want to explore different genetics on a rotating basis while the Nugz brand sells flower and rollups in bulk volume, allowing consumers to purchase premium-grade cannabis at lower price points.

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