FSD invested in Cannara Biotech, which plans to be the largest indoor cultivation facility in Quebec. Cannara purchased a modern 625,000 sq. ft. facility on 27 acres of land, located less than one-hour drive from Montreal. FSD has an equity investment of 85,003,750 Class B shares of Cannara.
Collaboration and Profit Sharing Agreement
Canntab Therapeutics was founded on April 20, 2016 by pharmaceutical industry professionals who saw an urgent need to add industry rigor and professionalism to the medicinal cannabis market. CannTab is the first company solely dedicated to research and development of oral dosage therapeutic formulations of cannabis. The company developed a unique, patent pending technology which resulted in the creation of a range of oral dosage products that effectively treat different ailments by delivering a uniform dosage of medicinal cannabis extract.
Tel Aviv, Israel
SciCann Therapeutics is a Canadian-Israeli specialty pharmaceutical company, dedicated to the development and commercialization of novel and disruptive pharmaceutical products that target and modulate the endocannabinoid system.
SciCann Therapeutics is active in the fields of oncology, pain management, neurodegenerative diseases and inflammatory disorders, and develops a line of proprietary products for the treatment of chosen life-threatening conditions that present a high level of unmet need.
Collaborative Research Agreement
FSD has signed a LOI with Solarvest to develop and test pharma-grade cannabinoids out of algae. The Pharma Grade process could reduce the production time for targeted cannabinoid molecule(s) by up to 95%. Solarvest is an algae technology company whose production platform provides it with an extremely flexible system capable of being adapted to produce numerous products. The Company has completed a feasibility study for the expression of CBD and THC as a way to produce cannabinoids in sterile GMP facilities.
FSD completed a strategic investment in Huge Shops, a Toronto-based cannabis retailer. Huge Shops has a strategic alliance with Chairman’s Brands, parent company of Coffee Time, a well-established operator of retail coffee shops with more than 75 locations in Canada and other locations worldwide.
As part of the investment, Huge Shops has the option to acquire a minimum of ten retail locations under Chairman’s umbrella of properties, and, subject to availability and further negotiation, purchase additional Coffee Time sites.
FSD’s investment in Huge Shops’ will enable us to quickly create a network, with a well-established consumer base of 14 million consumers, in key demographic areas throughout Ontario.
First Republic Capital
First Republic Capital focuses on public Canadian and US micro-cap companies. Clients receive more than just financing – they get a dedicated investment banking partner with the responsiveness, credibility and capability to help them achieve their market goals. First Capital partners with their clients and supports them over time as their business and capital structure evolves and provides aftermarket support.