About Avicanna
Avicanna is a company based in Toronto (Canada) founded in 2016 by Aras Azadian.. Avicanna has raised $5.94 million across 18 funding rounds from investors including Tasly, Orthogonal Thinker and Barn Invest. The company has 55 employees as of December 31, 2024. Avicanna offers products and services including Medical Cannabis Products, Pharmaceutical Pipeline, and Active Pharmaceutical Ingredients. Avicanna operates in a competitive market with competitors including ZYUS Life Sciences, Sanity Group, Terraflos, Little Green Pharma and IMCannabis, among others.
- Headquarter Toronto, Canada
- Employees 55 as on 31 Dec, 2024
- Founders Aras Azadian
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Avicanna Inc
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Annual Revenue
$17.7 M (USD)51.62as on Dec 31, 2024
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Net Profit
$-2.35 M (USD)57.19as on Dec 31, 2024
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EBITDA
$-2.16 M (USD)54.95as on Dec 31, 2024
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Total Equity Funding
$5.94 M (USD)
in 18 rounds
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Latest Funding Round
$729.67 K (USD), Post-IPO
Jul 16, 2025
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Investors
Tasly
& 2 more
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Employee Count
55
as on Dec 31, 2024
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IPO & Listings of Avicanna
Avicanna is a publicly listed company on the TSX with ticker symbol AVCN in Canada, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Avicanna
Avicanna offers a comprehensive portfolio of products and services, including Medical Cannabis Products, Pharmaceutical Pipeline, and Active Pharmaceutical Ingredients. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Evidence-based cannabinoid formulations for medical use.
Developing cannabinoid-based drugs for health applications.
Cannabinoid ingredients for commercial pharmaceutical products.
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Funding Insights of Avicanna
Avicanna has successfully raised a total of $5.94M across 18 strategic funding rounds. The most recent funding activity was a Post-IPO round of $729.67 thousand completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 18
- Last Round Post-IPO — $729,667
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First Round
First Round
(26 May 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Post-IPO - Avicanna | Valuation |
investors |
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| Nov, 2024 | Amount | Post-IPO - Avicanna | Valuation |
investors |
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| Aug, 2024 | Amount | Post-IPO - Avicanna | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avicanna
Avicanna has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Tasly, Orthogonal Thinker and Barn Invest. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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PE firm & investment bank focused on plant science based companies
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Founded Year | Domain | Location | |
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Barn Invest is focused on greentech investments in Latin America.
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Founded Year | Domain | Location | |
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Traditional Chinese medicines are manufactured and distributed globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avicanna
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Avicanna
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avicanna Comparisons
Competitors of Avicanna
Avicanna operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ZYUS Life Sciences, Sanity Group, Terraflos, Little Green Pharma and IMCannabis, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cannabis-derived therapeutics for multiple indications are developed.
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| domain | founded_year | HQ Location |
Developer of cannabinoid-based pharmaceuticals and well-being products
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| domain | founded_year | HQ Location |
Medical cannabis products are provided based on GMP processes.
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| domain | founded_year | HQ Location |
Manufacturer of medicinal cannabis for therapeutic use
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| domain | founded_year | HQ Location |
Developer of medical cannabis products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avicanna
Frequently Asked Questions about Avicanna
When was Avicanna founded?
Avicanna was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Avicanna located?
Avicanna is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Avicanna?
Aras Azadian is the current CEO of Avicanna. They have also founded this company.
Is Avicanna a funded company?
Avicanna is a funded company, having raised a total of $5.94M across 18 funding rounds to date. The company's 1st funding round was a Post-IPO of $1.47M, raised on May 26, 2017.
How many employees does Avicanna have?
As of Dec 31, 2024, the latest employee count at Avicanna is 55.
What is the annual revenue of Avicanna?
Annual revenue of Avicanna is $17.7M as on Dec 31, 2024.
What does Avicanna do?
Avicanna was founded in 2016 in Toronto, Canada, as a developer in the cannabinoid sector. Advanced formulations and delivery systems based on plant-derived cannabinoids are created for medical applications and consumer goods. Solutions are marketed through channels such as derma-cosmetics, phytotherapeutics, and pharmaceuticals, targeting diverse markets with a focus on therapeutic and wellness products.
Who are the top competitors of Avicanna?
Avicanna's top competitors include ZYUS Life Sciences, Neocannbio and IMCannabis.
What products or services does Avicanna offer?
Avicanna offers Medical Cannabis Products, Pharmaceutical Pipeline, and Active Pharmaceutical Ingredients.
Is Avicanna publicly traded?
Yes, Avicanna is publicly traded on TSX under the ticker symbol AVCN.
Who are Avicanna's investors?
Avicanna has 3 investors. Key investors include Tasly, Orthogonal Thinker, and Barn Invest.
What is Avicanna's ticker symbol?
The ticker symbol of Avicanna is AVCN on TSX.
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