Canaccord Genuity

Sol Global Investments is an international company headquartered in Calgary, Alberta, Canada, founded in 2014. It specializes in strategic investments and partnerships, primarily focusing on the cannabis sector. The company employs a private equity strategy that emphasizes thematic investments in growth industries, aiming to identify and support pioneering businesses that have the potential to disrupt traditional markets. Sol Global Investments seeks high-growth opportunities across various stages, from seed stage to initial public offerings, positioning itself as a growth-oriented firm dedicated to fostering innovation and expansion in dynamic sectors.

Aurora Cannabis is a leading producer of medical and recreational cannabis, established in 2013 and headquartered in Edmonton, Alberta, Canada. The company cultivates and sells cannabis products through a diverse portfolio of brands, including Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard. Aurora is dedicated to maintaining high standards of product quality and customer service while ensuring affordable pricing for its patients. Although the company primarily operates within Canada, it has also expanded its footprint internationally through various medical cannabis exporting agreements.

Chalice Brands Ltd. is a prominent player in the U.S. cannabis industry, focusing on retail, processing, wholesale, and distribution. The company operates twelve owned dispensaries and manages an additional four in Oregon, positioning itself as a leader in this competitive market. Chalice Brands emphasizes health and wellness through its diverse product offerings, particularly under the recognized Chalice Farms brand. Additionally, the company operates nationally under the Fifth & Root brand, extending its reach into California. With a commitment to innovation and quality, Chalice Brands maintains a cash-flow positive status, reflecting its strong performance in the mature cannabis sector.

Gage Cannabis Co. is innovating and curating the highest quality cannabis experiences possible for cannabis consumers in the state of Michigan and bringing internationally renowned brands to market.

Curaleaf is a prominent integrated cannabis operator based in Wakefield, Massachusetts, focused on the production and sale of medical and wellness cannabis products across the United States. Established in 2010, the company operates in two main segments: Cannabis Operations and Non-Cannabis Operations. Its Cannabis Operations encompass the cultivation, processing, and distribution of a wide array of cannabis products, including flowers, pre-rolls, vaporizer oils, cartridges, tinctures, edibles, and topicals. Curaleaf's Non-Cannabis Operations provide essential services such as cultivation expertise, retail support, and intellectual property licensing to other cannabis license holders. With a strong presence in 17 states, Curaleaf is known for its commitment to quality and reliability under its brands, including Curaleaf, Select, and Grassroots. The company has also expanded its reach through strategic acquisitions, positioning itself to tap into the growing European cannabis market.

Ayr Wellness is a vertically integrated cannabis company operating across multiple states in the United States. The company is involved in the cultivation, manufacturing, and retailing of cannabis products, offering a range of branded cannabis packaged goods. Ayr Wellness focuses on providing high-quality cannabis products to its customers while promoting wellness and social responsibility within the communities it serves. By striving to inspire wellness and wonder in clients, Ayr Wellness aims to create a supportive environment for both patients and consumers.

OrganiGram Holdings is a producer and distributor of medical and recreational cannabis based in Canada. The company specializes in high-quality, indoor-grown cannabis, catering to both patients and adult recreational consumers. OrganiGram has developed a diverse portfolio of adult-use recreational cannabis brands, including Edison, Big Bag o' Buds, SHRED, Monjour, Holy Mountain, and Trailblazer. Recently, the company has expanded its brand offerings with the addition of Tremblant Cannabis and the artisanal craft brand Laurentian. In addition to serving the domestic market, OrganiGram is focused on establishing international business partnerships to enhance its global presence.

4Front Ventures is a cannabis company headquartered in Phoenix, Arizona, focused on cultivating long-term success in the cannabis industry. Established in 2011, the company engages in the cultivation, processing, extraction, manufacturing, and distribution of cannabis products across two primary segments: THC Cannabis and CBD Wellness. The THC Cannabis segment is dedicated to the production and distribution of THC cannabis products, supplying both owned dispensaries and third-party retailers. In contrast, the CBD Wellness segment specializes in the production and sale of CBD products to third-party customers. 4Front Ventures leverages its extensive management skills and operational expertise to navigate the evolving landscape of cannabis legalization, ensuring a commitment to quality and innovation throughout the value chain.

Cardiol Therapeutics Inc. is a clinical-stage life sciences company based in Oakville, Canada, that specializes in the production of pharmaceutical cannabidiol (CBD) products and the development of therapies for heart diseases, including acute myocarditis and heart failure. Its lead product, CardiolRx, is an oral cannabidiol formulation designed for clinical use in treating these conditions. The company is also innovating in the field of nanotechnology to create targeted delivery systems for cannabinoids and other anti-inflammatory drugs directly to the heart, addressing inflammation related to heart disease. Cardiol Therapeutics aims to advance its proprietary formulations through rigorous clinical trials, having received regulatory authorization to evaluate the efficacy and safety of CardiolRx in various heart disease contexts.

Harvest Health & Recreation is a vertically integrated cannabis company dedicated to enhancing lives through medical marijuana. The company operates in three primary areas: cultivation, processing, and retail dispensaries, allowing it to manage the entire supply chain effectively. Harvest Health & Recreation offers a diverse range of products and resources to patients and consumers, ensuring access to quality medical cannabis. Additionally, the company is committed to supporting local communities through financial contributions, services, and volunteer efforts, reflecting its dedication to social responsibility alongside its business operations.

Brains Bioceutical Corp. is a Vancouver-based company that specializes in the production of naturally-sourced active pharmaceutical ingredients (APIs) for the pharmaceutical and nutraceutical industries. The company offers a range of products, including CBD oil, capsules, balms, and sprays, which are designed to serve various sectors such as health and wellness, skin and beauty, and veterinary care. Brains Bioceutical follows Good Manufacturing Practices (GMP) and emphasizes the use of high-quality, plant-based ingredients that are tetrahydrocannabinol-free, non-genetically modified, and vegan. This commitment allows the company to provide accessible and affordable products that meet the needs of patients seeking reliable wellness solutions.

POSaBIT is a financial technology company that specializes in providing cashless payment solutions and point-of-sale systems exclusively for the cannabis industry. The company focuses on developing software and technology that enable cannabis retailers to conduct transactions safely and compliantly, addressing the challenges posed by a predominantly cash-only market. POSaBIT generates revenue through a variety of channels, including payment services, licensing of its technology, and support services. Additionally, it earns income from the rental and sale of hardware associated with its payment and point-of-sale offerings. While POSaBIT operates in both Canada and the United States, it derives all of its revenue from the U.S. market.

Green Growth Brands is a consumer products company focused on health, wellness, and lifestyle, founded in 2018 and headquartered in Ohio. The company operates in the cannabis sector, engaging in the cultivation, production, distribution, and retail sale of cannabis products globally. It also produces and sells CBD-infused personal care products through various channels, including retail, digital, and wholesale. Green Growth Brands encompasses a diverse range of brands, including CAMP and Meri + Jayne, and collaborates with a team of retailers, scientists, botanists, and business leaders to support its mission.

Aleafia Health Inc. is an integrated cannabis health and wellness company based in Concord, Canada. It produces a diverse range of products, including dried flower, pre-rolls, oil drops, capsules, and oral sprays, marketed under the Emblem and Symbl brands. The company operates a national network of 25 medical cannabis clinics, having served over 60,000 patients, and focuses on providing standardized, pesticide-free cannabis for those in need. Aleafia Health emphasizes evidence-based treatment by assisting physicians in making informed recommendations backed by historical data. The company also has three cannabis cultivation facilities, one of which is fully operational, contributing to its innovative research and development efforts in the cannabis sector.

Cansortium is a vertically-integrated cannabis company that operates under the Fluent brand, with licenses and operations in Florida, Pennsylvania, Michigan, and Texas. The company is dedicated to providing high-quality medical cannabis products, which include oral drops, capsules, topicals, syringes, dried flowers, pre-rolls, cartridges, and edibles. Cansortium's commitment to operational excellence spans cultivation, production, distribution, and retail, ensuring that it meets the needs of the communities it serves. In Pennsylvania, the company also offers a range of third-party branded medical cannabis products, further expanding its footprint in the medical cannabis market.

SLANG Worldwide is a consumer-packaged-goods company that owns, licenses, and markets cannabis brands, serving the flower, concentrates, edibles, and beverage categories. The company was founded in 2017 and is based in Toronto, Ontario.

Quinsam Capital Corporation is an investment and merchant banking firm based in Toronto, Canada, with a focus on the small-cap market. Established in 2004, the company engages in various activities, including acquisitions, advisory services, lending, and portfolio investments. While Quinsam has a diverse investment strategy that spans technology, healthcare, mining, e-sports, and cannabis sectors, it primarily emphasizes cannabis-related investments. The firm seeks to invest in assets, companies, or projects that are perceived as undervalued, aiming to unlock their potential through strategic financial interventions and management expertise.

The Tinley Beverage Company Inc. is a beverage manufacturer based in Toronto, Canada, specializing in liquor-inspired, non-alcoholic beverages and cannabis-infused drinks. Established in 2007 and rebranded in 2015, the company offers a range of products, including the Tinley Tonic and Tinley 27 lines, available through retail locations primarily in California and online across the United States. Tinley Beverage focuses on crafting beverages infused with blended botanicals, natural extracts, and flavors, drawing inspiration from traditional alcoholic recipes while using premium California cannabis. Additionally, the company provides contract manufacturing services for cannabis-infused beverages, expanding its reach within the growing beverage market.

OrganiGram Holdings is a producer and distributor of medical and recreational cannabis based in Canada. The company specializes in high-quality, indoor-grown cannabis, catering to both patients and adult recreational consumers. OrganiGram has developed a diverse portfolio of adult-use recreational cannabis brands, including Edison, Big Bag o' Buds, SHRED, Monjour, Holy Mountain, and Trailblazer. Recently, the company has expanded its brand offerings with the addition of Tremblant Cannabis and the artisanal craft brand Laurentian. In addition to serving the domestic market, OrganiGram is focused on establishing international business partnerships to enhance its global presence.

Sante Veritas Therapeutics is a therapeutics company that specializes in the production of cannabis-based products aimed at providing innovative medicinal therapies. The company develops pharmaceutical-grade cannabis products using advanced genetics and optimized growing environments, ensuring that its offerings meet high standards of quality and efficacy. With a focus on integrating scientific expertise and technology, Sante Veritas Therapeutics aims to create market-informed solutions that enhance patient access to effective cannabis therapies. The experienced senior management team is committed to fostering sustainable growth and operational efficiency within the cannabis industry.

Quinsam Capital Corporation is an investment and merchant banking firm based in Toronto, Canada, with a focus on the small-cap market. Established in 2004, the company engages in various activities, including acquisitions, advisory services, lending, and portfolio investments. While Quinsam has a diverse investment strategy that spans technology, healthcare, mining, e-sports, and cannabis sectors, it primarily emphasizes cannabis-related investments. The firm seeks to invest in assets, companies, or projects that are perceived as undervalued, aiming to unlock their potential through strategic financial interventions and management expertise.

OrganiGram Holdings is a producer and distributor of medical and recreational cannabis based in Canada. The company specializes in high-quality, indoor-grown cannabis, catering to both patients and adult recreational consumers. OrganiGram has developed a diverse portfolio of adult-use recreational cannabis brands, including Edison, Big Bag o' Buds, SHRED, Monjour, Holy Mountain, and Trailblazer. Recently, the company has expanded its brand offerings with the addition of Tremblant Cannabis and the artisanal craft brand Laurentian. In addition to serving the domestic market, OrganiGram is focused on establishing international business partnerships to enhance its global presence.

Origin House is a cannabis product and brands company based in Ottawa, Canada, with a strong presence in key markets across the United States and Canada. Established in 2015, the company has built a significant portfolio, delivering over 130 branded cannabis products to licensed dispensaries, primarily in California, the largest regulated cannabis market in the world. Origin House focuses on providing comprehensive services to its brand partners, including distribution, manufacturing, cultivation, and marketing. The company operates through two segments: the Corporate segment, which generates income from non-operating investments, and the California Operations segment, which is directly involved in cultivation, manufacturing, and distribution activities. With its strategic aim of becoming a leading global house of cannabis brands, Origin House emphasizes research, intellectual property, and infrastructure within the legal cannabis sector.