VIVO Cannabis

VIVO Cannabis Inc.
Formerly
 ABcann Global
Traded as

TSX-V: VIVO

OTCQX: VVCIF
Industry Cannabis
Headquarters Napanee, Ontario, Canada
Subsidiaries Canna Farms, Harvest Medicine
Website vivocannabis.com

VIVO Cannabis Inc (formerly ABcann Global)[1] is a Canadian licensed cannabis producer, headquartered in Napanee, Ontario. It's the fourth largest producer in Canada[2], and trades on the Toronto Venture Exchange as VIVO and on the US OTC market as VVCIF.[3]

History

VIVO became a publicly traded company in April 2017. 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.[4]

W. Brett Wilson became a member of the Advisory Board in May 2017.[5]

Operations

The company has three cannabis brands: Beacon Medical, Fireside and Lumina.[6] The products are grown using seeds from the Netherlands, and a computerized process where each plant is tightly controlled and monitored.[7] The company has a comprehensive research partnership with the University of Guelph to enhance cannabis production and uses.[8]

In February 2018, VIVO acquired Harvest Medicine Inc, a medical cannabis clinic with 9,700 patients.[9] In August 2018, they acquired Canna Farms, a licensed producer located in Hope, British Columbia.[10]

VIVO has been selected by the Ontario Cannabis Store[11] and the Alberta Gaming, Liquor, and Cannabis Commission[12] as a preferred supplier of recreational marijuana to Ontario and Alberta. Canna Farms, a VIVO subsidiary, has been selected by the B.C. Liquor Distribution Branch to supply recreational marijuana to British Columbia.[13]

References

  1. ↑ "ABcann Global announces company name change to VIVO Cannabis". The London Free Press. 2018-08-08. Retrieved 2018-08-26.
  2. ↑ "How One Company Shot to the Top - Equedia Investment Research". Equedia Investment Research. 2018-08-06. Retrieved 2018-09-02.
  3. ↑ "ABcann Cannabis Facility in Napanee in Midst of $30 Million Expansion/". Global News. Retrieved 2018-07-21.
  4. ↑ GmbH, finanzen.net. "What it Takes to Thrive in Canada's Multi-Billion-Dollar Marijuana Industry | Markets Insider". markets.businessinsider.com. Retrieved 2018-09-01.
  5. ↑ Medicinals, ABcann. "ABcann Global Announces Appointment of W. Brett Wilson to Advisory Board". GlobeNewswire News Room. Retrieved 2018-09-26.
  6. ↑ "VIDEO: VIVO Cannabis (CVE:VIVO) New Recreational Brands". Midas Letter. 2018-08-16. Retrieved 2018-09-01.
  7. ↑ "Company takes serious approach". The Kingston Whig-Standard. 2015-06-24. Retrieved 2018-09-01.
  8. ↑ O'Flanagan, Rob (2016-01-22). "Perfect pot? U of Guelph researchers working to grow marijuana optimally". TheRecord.com. Retrieved 2018-09-01.
  9. ↑ "The week in marijuana deals: Emerald online, ABcann gets clinical and Wheaton goes to Uruguay/". Financial Post. Retrieved 2018-07-22.
  10. ↑ "VIVO Cannabis Acquires Canna Farms for $133 Million in Cash and Stock". New Cannabis Ventures. Retrieved 2018-09-01.
  11. ↑ "Ontario Cannabis Store Secures Supply Agreements with Licensed Producers to Ensure Readiness for Legalization". ocscannabisupdates.com. Retrieved 2018-08-26.
  12. ↑ "Aurora Cannabis Inc. (TSX:ACB) Beats Canopy Growth Corp. (TSX:WEED) in Alberta/". The Motley Fool. Retrieved 2018-07-22.
  13. ↑ "B.C. government announces 31 licensed cannabis producers set to supply the recreational market". Georgia Straight Vancouver's News & Entertainment Weekly. 2018-07-11. Retrieved 2018-09-01.
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