Maricann Group, Inc. Stock (OTC: MRRCF) (CSE: MARI) - Investor Dashboard
|Licensed Capacity:||930/352/30 kgs flower/oil/resin|
|Number of Patients:||>3000|
Financials (pro forma 12/31)
|Cash on hand:||~$22mm|
|Revenues – Last Quarter:||$1.30mm|
|Adj. Gross Margin :||-24.4%|
Capital Structure (5/10/17)
|Last Financing:||3.51mm shares at $2.85|
Maricann Group Inc., was founded in 2013 and is based in a well-established agricultural region in southwestern Ontario, Canada. In March of 2014 Maricann earned a Health Canada license to cultivate plants and in December earned a license from Health Canada to sell dried flower.
The company sold $1.97mm dried cannabis in 2015, and purchased 97.5 contiguous acres while earning a license to sell cannabis extracts in September. Maricann, which has partnered with Evolab, its Colorado-based extraction technology partner, to access its leading technology and processes, made its first sale of extracted cannabis in October.
The Maricann Langton Facility produced sales of $4.2mm in 2016 and is expected to almost triple production in 2017 following expansion and the introduction of new products. Maricann grows all-natural plants in its energy-efficient greenhouse, while maintaining secure and consistent supply, as it has focused on 8 profitable and proven strains and is aiming for production costs of $1.34 per gram.
Maricann is currently expanding domestic and international capacity and distribution channels. In Germany, Maricann has commenced a retrofit of a 500,000 sq. ft. cultivation facility which is currently underway, and is preparing to cultivate all-natural plants in a portion of the facility in Dresden. The company has raised $35mm in capital since November.
Expanding in Mature Markets
Maricann’s GMP-compliant clean-room cultivation facility in Dresden, Germany leaves it very well positioned for growth in a large market.
German Parliamentarians voted unanimously in January 2017 in favor of the new “Cannabis as Medicine” law, which will create a large market with insurance coverage and pharmacy distribution and will allow Maricann to expand throughout the European Union.
- Licensed by Health Canada since 2014
- Focus on both Medical and Lifestyle cannabis
- Management team experienced in cultivation, pharmaceuticals, distribution and healthcare
- Selling dried flower, oils, resin and clones
- $35mm capital raised since November 2016
- Forecasting strong production and sales growth following facilities expansion
- Expanding Langton, Ontario greenhouse in two phases
- Dresden, Germany GMP-compliant cultivation facility to allow EU expansion if company is successful in obtaining a license
- Virtual pharmacies in physical locations and seminars and education offered by Synergy Health Clinics
- Considering acquisitions
- Focus on energy efficiency using glass greenhouse
- Intending to apply for a German cultivation license
- Focus on 8 proven and profitable strains
- Joint venture with Evolab, a leading Colorado extraction technology partner
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