Top Strike Resources Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- David McGorman
- Sector
- Healthcare
- Industry
- Drug Manufacturers - Specialty & Generic
- Address
- 250 6th Avenue SW Calgary AB Canada T2P 3H7
- IPO Date
- Mar 27, 2018
- Website
- vencanna.com
- Similar Companies
- Business
- Vencanna Ventures Inc., formerly Top Strike Resources Corp., operates as a merchant capital firm that provides financing, liquidity, and strategic expertise to early-stage, jurisdictionally compliant cannabis companies worldwide, with a focus on the United States; it pursues a diversified, high-growth investment strategy targeting seed, startup, and early venture opportunities across the cannabis value chain, including cultivation, processing, distribution, and ancillary businesses. The firm sources investments in cash flow-positive or near-cash flow-positive assets in fragmented markets with high return potential of three to five times ROI over two to five years, emphasizing states with unique regulatory barriers to entry. Vencanna Ventures, founded through a 2018 recapitalization that transitioned it from an oil and gas explorer to a cannabis-focused investor and headquartered in Calgary, Alberta, Canada, trades on the Canadian Securities Exchange under the ticker VENI and OTCQB as TPPRF. In February 2024, the company changed its name from Top Strike Resources Corp. to Vencanna Ventures Inc. and executed a second amended definitive unit exchange agreement with The Cannavative Group LLC, a U.S. cannabis operator, reducing dilution through a lower purchase price, performance-based earn-outs tied to 2024 and 2025 milestones, and issuance of shares and warrants; the transaction, originally announced in 2021 with multiple amendments through 2024, remains subject to regulatory approvals, shareholder consent, and closing conditions including audited financials and minimum cash reserves. Earlier strategic moves include a 2019 partnership with Vertical Companies and loan arrangements in the cannabis sector, alongside ongoing efforts to divest certain New Jersey cannabis project interests as part of operational optimization.
CSE Bulletin: Name Change - Top Strike Resources Corp. (VENI)
Vencanna Announces Amended Definitive Agreement with The Cannavative Group, Completion of Name Change, Resumption of Trading and Operational Update
Top Strike Announces 2024 First Quarter Financial Results ending July 31, 2023 and Corporate Update
Top Strike Announces 2023 Fourth Quarter and Annual Financial Results ending April 30, 2023 and Corporate Update
Vencanna Announces Amended Definitive Agreement with Cannavative Group and Provides Operational Update
Top Strike Announces 2021 Fourth Quarter Financial Results, 2021 Annual Financial Results, and Provides Corporate Activity and Update
Top Strike Announces the Final Repayment of US$1.3 million from Galenas LLC, for a Total Repayment of US$5.5 million
Vencanna Ventures Announces Significant Investment in, and the Execution of a Letter of Intent with, The Cannavative Group LLC