NICI Quick Take

AAA Medic Montreal is a medical and recreational cultivation and processing cannabis company. The Company recently entered into a binding letter of intent with Angus Ventures. From the agreement, AAA received a gross proceeds of $9 Million, which will be used to build its second facility.

AAA’s 10,000 sq. ft. facility, located in Laval, Quebec, is expected to be completed by Q1 2019. It intends to build its second facility in Sainte-Luce, Quebec. It will be a 150,000 sq. ft. facility and will start construction the second half of 2019.

 

AAA will acquire Craft Growers Network, a cannabis growing company, which is expected to grow 400,000 kg of cannabis per year.

IPO Details

Valuation $35.7M
Total Raised $9.0M
NICI Subsector Cultivator, Processor
Website aaamtl.com