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AVCNF
Avicanna Inc.

Ordinary Shares

0.1986

0.00

0.00%

0.1936 / 0.2028 (26500 x 2500)

Real-Time Best Bid & Ask: 03:41pm 07/22/2025
Delayed (15 Min) Trade Data: 12:00am 07/21/2025

Avicanna Inc.

480 University Ave

Suite 1502

Toronto, ON M5G 1V2

Canada

Principal Executive Offices:

480 University Ave

Suite 1502

Toronto, ONT M5G 1V2

Canada

Business Description
Avicanna is an Ontario corporation focused on the development, manufacturing and commercialization of plant-derived cannabinoid-based products via its two main business segments, cultivation and research & development. With its majority-owned subsidiary Santa Marta Golden Hemp S.A.S., located in Santa Marta, Colombia as the base for Avicanna's cultivation activities. These companies are licensed to cultivate and process cannabis for the production of cannabis extracts and purified cannabinoids including CBD and THC. Avicanna's research and development business is primarily conducted out of Canada at its headquarters in the Johnson & Johnson Innovation Centre, JLABS @ Toronto.
Financial Reporting
Reporting Status
International Reporting: Toronto Stock Exchange
Audited Financials
Audited
Fiscal Year End
12/31
Company Officers & Contacts
Aras Azadian
CEO

Phillip S Cardella
CFO

Board of Directors
Giancarlo Davila Char
Non-Executive Director, Nominating Committee Member

John McVicar
Non-Executive Director, Independent Director, Audit Committee Member, Compensation Committee Member

Eileen McCormack
Non-Executive Director, Independent Director, Audit Committee Member, Compensation Committee Member

Aras Azadian
CEO

Paul Fornazzari
Independent Director, Audit Committee Member, Compensation Committee Member

Mr. Fornazzari is a partner at the law firm Fasken Martineau DuMoulin LLP. He was a former Chairman of Lithium Americas Corp. and has been a director of various public companies for most of his career. Previously, Mr. Fornazzari was a partner at another international law firm where he was head of its Corporate Finance, Securities and Public M&A National Practice Group and of its Mining Group. Mr. Fornazzari has broad experience advising Boards, executive teams and investment dealers and acts for domestic and foreign clients in various industries including mining, petroleum, technology, life sciences and financial services. As a fluent Spanish speaker from Latin America, he has transactional experience and a strong network in almost all of the jurisdictions in that region. Mr. Fornazzari holds a Masters of Law from Osgoode Hall Law School in Securities Law and a Bachelor of Law from the University of Windsor.

Other Company Insiders
Sheldon Inwentash
Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
RJI International CPAs

1900 Main Street

Suite 375

Irvine, CA 92614

Securities Counsel
WeirFoulds LLP

66 Wellington Street West , Suite 4100,

PO Box 35,

Toronto, ON M5K 1B7

Canada

Profile Data
SIC - Industry Classification
Not Available
Incorporation Information
ON, CA, 2016
Employees
85 as of 04/10/2024
Shell
No
Products and Services

Avicanna is a diversified and vertically integrated Canadian biopharmaceutical company focused on the research, development and commercialization of plant-derived cannabinoid-based products for the global consumer, medical, and pharmaceutical market segments. Avicanna is an established leader in cannabinoid research and development. In addition to its developing pharmaceutical pipeline, Avicanna’s team of experts have developed and commercialized several industry leading product lines, including: • RHO Phyto™: an advanced line of medical cannabis products containing varying ratios of CBD and THC currently available nationwide across Canada in medical channels in partnership with Medical Cannabis by Shoppers™, a subsidiary of Shoppers Drug Mart, and in adult use channels through provincial retailers. RHO Phyto is the first medical formulary of advanced “Cannabis 2.0” products, containing oils, sprays, capsules, creams, and gels, all developed with scientific rigor, manufactured under GMP standards and supported by pre-clinical data; and, • Pura H&W™: an advanced and clinically tested line of functional CBD consumer derma-cosmetic products currently available nationwide across Canada in medical channels in partnership with Medical Cannabis by Shoppers™, a subsidiary of Shoppers Drug Mart, in adult use channels through provincial retailers in Canada and nation-wide across Colombia.

Company Facilities

Avicanna is an established leader in cannabinoid research and development. Avicanna manages its own supply chain including cultivation and extraction through its majority-owned subsidiary Santa Marta Golden Hemp S.A.S., located in Santa Marta, Colombia. Through these sustainable, economical, and industrial scale subsidiaries, Avicanna cultivates, processes, and commercializes a range of cannabis and hemp cultivars dominant in CBD, CBG, THC, and other cannabinoids for use as active pharmaceutical ingredients. Avicanna’s Avesta Genetica program specializes in the development and optimization of rare cultivars for commercial production along with feminized seeds for global export. In June 2020, Avicanna made history with a shipment of hemp seeds to the United States of America by completing the first ever export of hemp seeds from Colombia.

Company Notes
Sponsored by J.P. Galda & Co. for OTCQX International on October 15, 2019.
OTCQX Best Market Logo
Joined OTCQX 10/2019
The Company Profile data was verified by the issuer within the previous 6 months.
This security is not a Penny Stock as defined in SEC Rule 240.3a51-1.
This company has certified to OTC Markets Group that it is eligible to rely on the exemption from registration under Securities and Exchange Act Rule 12g3-2(b).
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
The Company’s board of directors includes at least two Independent Directors.
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