VIVO Cannabis
Canadian licensed cannabis producer
From Wikipedia, the free encyclopedia
VIVO Cannabis Inc (formerly ABcann Global)[1] is a Canadian licensed cannabis producer, headquartered in Napanee, Ontario. Prior to being acquired by MediPharm Labs Corp., VIVO traded on the Toronto Stock Exchange as VIVO.
| |
| Formerly | ABcann Global |
|---|---|
| Industry | Cannabis |
| Headquarters | , |
| Parent | MediPharm Labs Corp. |
| Subsidiaries | Canna Farms, Harvest Medicine |
| Website | vivocannabis |
History
VIVO received two of the first 15 licences by Health Canada in 2014.[2] It became a publicly traded company in April 2017 on the TSX Venture Exchange. 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.[3] Effective January 24, 2020, the company's stocks were moved from the TSX Venture Exchange to the Toronto Stock Exchange.[4][5] In April 2023, VIVO merged with TSX-listed MediPharm Labs Corp. (TSX: LABS) in an all-stock deal that resulted in VIVO becoming a subsidiary of MediPharm.[6]
Operations
The company has three cannabis brands: Beacon Medical, Fireside and Lumina.[7] The products are grown using seeds from the Netherlands, and a computerized process where each plant is controlled and monitored.[8] The company has a comprehensive research partnership with the University of Guelph to enhance cannabis production and uses.[9]
In February 2018, VIVO acquired Harvest Medicine Inc, a medical cannabis clinic with 9,700 patients.[10] In August 2018, they acquired Canna Farms, a licensed producer located in Hope, British Columbia.[11]
VIVO works with the Ontario Cannabis Store[12] and the Alberta Gaming, Liquor, and Cannabis Commission[13] as a supplier of recreational marijuana to Ontario and Alberta. Canna Farms, a VIVO subsidiary, is a supplier of recreational marijuana to British Columbia through the B.C. Liquor Distribution Branch.[14] [15]