PharmaCan is a private equity firm in the business of investing in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada’s Marihuana for Medical Purposes Regulations (“MMPR”). PharmaCan has a diversified portfolio of investments including investments in 7 of the 26 companies licensed by Heath Canada to produce medical marijuana.
PharmaCan's first investee company, The Peace Naturals Project (“Peace Naturals”), was the first producer to be granted a license by Health Canada for the commercial production and distribution of medical cannabis under the MMPR. PharmaCan has a significant minority interest in Whistler Medical Marijuana Company (“WMMC”), Canada’s first certified organic producer of medical marijuana. Both Peace Naturals and WMMC are licensed to produce and sell medical cannabis. PharmaCan also owns 100% of In The Zone Produce Ltd., a licensed producer based in British Columbia's Okanagan Valley. PharmaCan has minority investments in two additional companies licensed to produce medical marijuana under the MMPR, ABcann and Hydropothecary. PharmaCan’s remaining investments are in companies currently in the license application stage.