- CEO
- Ethan Weinstein
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Royal Centre Vancouver BC Canada V6E 4N7
- IPO Date
- Jun 1, 2021
- Business
- CRAFT 1861 Global Holdings Inc. CRAFT 1861 Global Holdings Inc. operates as a Canada-based holding company in the health and wellness sector, specializing in non-psychoactive, hemp-derived cannabidiol (CBD) products and cannabinoid-based wellness offerings; its core products encompass scientifically researched, BSCG certified safe-for-sport CBD goods focused on performance, recovery, and human sustainability, including branded hemp-based wellness items produced and distributed through operational partners for global manufacturing, marketing, and shipping where legally permitted; it also maintains vertically integrated THC cultivation, production, and dispensary operations under the 1861 Market banner in New Mexico, with plans to expand proprietary THC products into additional legal jurisdictions. The company pursues an asset-light model, leveraging exclusive multi-year strategic partnerships with 11 leading global sporting, lifestyle, and entertainment brands for promotional rights and access to billions of digital followers, alongside a data-driven approach to business-to-business sales via third-party channels. Founded through a 2023 qualifying transaction via BGP Acquisition Corp. and headquartered in Albuquerque, New Mexico, it targets health-conscious consumers, athletes, and wellness markets across North America and internationally where regulations allow. In recent developments, CRAFT 1861 Global Holdings Inc. completed its acquisition by Nano Cures International, Inc. in July 2024, operating thereafter as a subsidiary following a reverse takeover valued at approximately $1.8-5.5 billion involving cash and equity consideration; this included court-approved plans of arrangement and escrow closings, with ongoing auditor changes culminating in expected filing of 2023 audited financials by November 2024.