- Business
- Target Group Inc. (OTCQB:CBDY) cultivates, processes, and distributes curated cannabis and hemp products for the medical and adult-use recreational markets in Canada and the United States; its core offerings include cannabis flower and extract pods for vaporizer use, cannabis pre-rolls, K-cup infused coffee and tea pods, infused cannabis beverages and edibles, infused topical products, and CBD wellness products; the company also provides Wisp, a single-use pre-measured pod and vaporizer system for vaporizing natural herbs including cannabis. Founded in 2013 and headquartered at 20 Hempstead Drive in Hamilton, Ontario, Canada, Target Group operates as a vertically integrated seed-to-sale consumer packaged goods company through its subsidiary Canary Rx Inc., a licensed producer under the Cannabis Act with a 44,000 square foot facility in Norfolk County, Ontario; it maintains an international network of manufacturing, distribution, production, and sales operations while curating an exclusive portfolio of cannabis brands via selective partnerships and strategic acquisitions. Recent developments include reporting net income of $160,504 for fiscal year 2024 ended December 31, up from a prior-year loss, with revenue of $6.59 million primarily from cannabis product sales; the company sustains its strategic partnership with Serious Seeds B.V. for production and distribution of award-winning cannabis seeds and genetics, alongside a multi-year agreement with Cannavolve Inc. for selling recreational cannabis-derived products across Canada and a collaboration with cGreen Inc. for manufacturing and distributing the THC antidote True Focus in the United States, Europe, and the Caribbean.