AgriCann Solutions Corporation (“ASC”) is a rapidly expanding full-service premium Cannabis nursery, as well as a craft industry supplier and retailer with operations in the Okanagan Valley of British Columbia. Subject to approval from the Colorado Department of Revenue’s Marijuana Enforcement division (“MED”), ASC will be acquiring one of Denver Colorado’s top dispensaries along with its associated Marijuana Infused Products operation.
December 14, 2014
AgriCann Solutions Corp. (“ASC”) was incorporated under the laws of British Columbia as a wholly owned subsidiary of The Valens Company (VLNS-TSX) (“Valens”), now a $600M market cap Canadian public company. ASC was spun out as a “Reporting Issuer” during a corporate reorganization on March 12, 2015. The registered head office of ASC is located at Suite 2110, 650 West Georgia Street, Vancouver, British Columbia, Canada V6B 4N8.
November 10, 2019
Control of AgriCann is acquired by two co-founders of Valens seeking to position into the premium craft cannabis sector through the acquisitions of proven, scalable, synergistic opportunities with immediate cash flow, to create shareholder value.
June 2, 2020
Entered into a binding Letter of Intent and Convertible Loan Agreement with Craft Nurseries Canada Inc. (“CNC”) whereby the Company funds CNC’s nursery operations’ build-out and licensing costs for up to $600,000, with a conversion feature providing an option to obtain control of CNC following receipt of a cultivation (nursery) license from Health Canada.
October 12, 2020
Entered into a binding Letter of Intent with Sticky Leaf Cannabis (“SLC”) whereby SLC has granted the Company a one-year irrevocable option to acquire 100% of SLC. The acquisition will be based on the agreed valuation of SLC at the time the option is exercised and will be completed through the issuance of the Company’s shares valued at $0.50 per share for each $0.50 of retail sales, such that SLC is acquired at 1x sales. Under the LOI, the Company will fund SLC’s existing and planned licensed Cannabis Retail Stores through a series of promissory notes.
May 21, 2021
Craft Nurseries Canada is issued Health Canada’s Nursery License under the Cannabis Act and Cannabis Regulations, and commenced operations with a Cannabis Tracking and Licencing System (CTLS).
June 10, 2021
ASC acquires 100% of CNC through the issue of 3,876,260 Common Shares from treasury to former CNC shareholders, and as a result has 13,480,758 Common Shares outstanding.
June 25, 2021
Enters into binding LOIs to acquire Advantage Microbial Solutions, Royal Asset Management, LLC and Venture Product Consulting, LLC, and exercises its option to acquire Sticky Leaf Cannabis retail stores (retracted exercise of option on September 27, 2021).
December 6, 2021
ASC re-structures management team at wholly-owned subsidiary Craft Nurseries Canada Inc., strengthening it’s experience in operations and cannabis cultivation.
May 11, 2022
Agricann Solutions announces commencement of commercial operations with wholly-owned subsidiary Craft Nurseries Canada Inc., focused on supplying high-testing, unique, and in-demand cultivars to licensed cannabis producers across Canada and into emerging global markets.