Cannara Biotech
About Cannara Biotech
Cannara Biotech operates one of the largest indoor cannabis cultivation facilities in Quebec from its base in Valleyfield. The company leverages low-cost hydroelectric power to achieve competitive production costs and has built a strong portfolio of brands targeting the Quebec recreational market.
Key Facts
- 1Operates a 625,000-square-foot indoor cannabis facility in Valleyfield, Quebec
- 2Benefits from some of the lowest electricity costs in North America through Quebec hydroelectricity
- 3Tribal brand quickly became one of the top-selling premium cannabis brands in Quebec
- 4Strategically located to serve the Quebec cannabis market through SQDC distribution
Latest News
Cannara Biotech Drops 5.1% as Cannabis LP Faces Market Headwinds
LOVFF shares fell to $1.30 on modest volume as the Quebec-based licensed producer navigates challenging cannabis market conditions.
Cannara Biotech Q3 Revenue Jumps 47% as Cannabis Producer Expands
LOVFF delivers strong quarterly growth with revenue climbing to $8.2M, driven by increased cultivation capacity and retail expansion across Quebec market.
Cannara Biotech Slides 5.1% as Trading Volume Remains Light
LOVFF shares dropped to $1.30 amid modest trading activity, highlighting ongoing volatility in the Canadian cannabis sector.
Cannara Biotech Drops 5.1% as Cannabis Stock Volatility Continues
LOVFF shares fell to $1.30 on moderate volume, highlighting ongoing challenges in the Canadian cannabis sector amid market pressures.
Cannara Biotech Drops 5.1% as Cannabis Stock Faces Pressure
LOVFF falls to $1.30 amid modest trading volume of 5,667 shares, testing support levels near 52-week lows.
Frequently Asked Questions
Why is Cannara based in Quebec?
Quebec offers among the lowest electricity costs in North America due to abundant hydroelectric power. Cannara leverages this advantage to operate its large indoor cultivation facility at significantly lower energy costs than competitors.
What is the Tribal brand?
Tribal is Cannara's premium cannabis brand that has gained strong market share in Quebec, known for high-quality indoor-grown flower sold through the SQDC (Societe quebecoise du cannabis).
Products
- Tribal premium flower
- Nugz value brand
- Orchid CBD products
Specialties
Company Details
- Location
- Valleyfield, Canada
- Founded
- 2018
- Publicly Traded
- Yes
- Ticker
- OTC:LOVFF