- Business
- North Bud Farms Inc. (NOBDF) is a Canada-based cannabis company that, through its subsidiaries, focuses on the production of pharmaceutical-grade cannabis and food-grade cannabinoid infused inputs for pharmaceutical and consumer markets; it produces craft cannabis indoors and extraction-grade cannabis outdoors at licensed facilities. The company owns and operates cultivation, extraction, and distribution operations, including a purpose-built indoor facility in Venosta, Quebec on 130 acres of farmland and previously held U.S. assets in California and Nevada with greenhouse capacity, processing licenses, and distribution capabilities. Founded in 2016 and headquartered in Toronto, Ontario, North Bud Farms targets the recreational and medical cannabis sectors primarily in Canada and formerly the U.S., with segments in cultivation, extraction, and branded products. Recent major changes include the divestiture of its U.S. subsidiary Bonfire Brands USA in 2020 to eliminate direct exposure to the U.S. market amid economic challenges from Covid-19, cessation of operations, and entry into debt settlement agreements with secured creditors collateralized by subsidiary assets, resulting in delisting from the Canadian Securities Exchange.