NICI Quick Take

Avicanna is a Canadian-based, biotechnology company, which focuses on the research and development of medical cannabis.

It has 3 main brands, Pura Earth, a CBD cosmetic line, and Pura Elements, a therapeutic line. It’s last brand is a pharmaceutical line, which is set to be sold to medical offices.

Through its subsidiaries, Sativa Nativa and Santa Marta Golden Hemp, Avicanna is able to cultivate, process and develop its cannabis through the 2 company’s facilities, which are located in Colombia.

Though it hasn’t sold any of its product yet, it plans to solidify partnerships in the near future.

IPO Details

Valuation N/A
Total Raised $13.0M
NICI Subsector Cultivator, Processor
Website N/A