Nova Cannabis Inc.
NVACF
Other OTC1.26
USD
-0.04
- -
ISIN
CA66980W1041
Return %
Stock
S&P500
1Y
161.32
26.53
3Y
-60.38
76.60
5Y
-49.44
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Grant Sanderson
- Full Time Employees
- 719
- Sector
- Healthcare
- Industry
- Medical - Pharmaceuticals
- Address
- 17220 Stony Plain Road Edmonton AB Canada T5S1K6
- IPO Date
- Mar 24, 2021
- Website
- novacannabis.ca
- Similar Companies
- Business
- Nova Cannabis Inc. (Ticker: NVACF) operates as a vertically integrated cannabis company focused on the cultivation, production, and retail sale of recreational and medical cannabis products in Canada. The company offers a range of core products including dried flower, pre-rolls, cannabis oils, edibles, concentrates, and vapes under its proprietary brands such as Nova High Society and select white-label partnerships; it also provides cultivation services, extraction technologies, and retail dispensary operations through its wholly-owned subsidiaries. Headquartered in Edmonton, Alberta, Canada, Nova Cannabis was founded in 2012 and expanded its footprint with over 80 retail locations primarily in Alberta, Ontario, and British Columbia following strategic acquisitions in 2023 and 2024. In the competitive Canadian cannabis industry, Nova Cannabis targets both recreational consumers and medical patients, emphasizing premium quality genetics and in-house production to serve urban and suburban markets. Its business segments span upstream cultivation at state-of-the-art facilities, midstream processing with CO2 extraction methods, and downstream retail via flagship stores branded as Nova Cannabis or FunBuds. The company maintains operations exclusively within Canada, with no international presence reported, and focuses on compliance with Health Canada regulations while optimizing supply chain efficiencies. Recent major developments include the completion of a C$15 million equity financing round in Q3 2025 to fund retail network expansion and debt reduction; a strategic partnership with a leading Alberta-based edibles manufacturer announced in October 2025 to launch co-branded infused products nationwide; and the acquisition of five additional retail dispensaries in Ontario during Q2 2025, bringing its total store count to over 85 locations. In early 2025, Nova Cannabis underwent a corporate rebranding initiative to streamline its retail banners under the unified Nova Cannabis identity, enhancing brand consistency across provinces. These changes reflect the company's shift toward vertical integration and aggressive growth amid consolidating market dynamics in Canada's adult-use cannabis sector.
Nova Cannabis to Present at the KCSA Cannabis Virtual Investor Conference June 5th
Cannell Capital, LLC Announces Holdings of Nova Cannabis, Inc.
Finding The Long-Term Winners In The Cannabis Sector, August 2023 Update
SNDL and Nova Cannabis push off closing date for strategic partnership again
Nova Cannabis Is Sailing Against The Wind
Finding The Long-Term Winners In The Cannabis Sector