About Indiva
Indiva is an Agriculture company based in London (Canada) founded in 1979 by Niel Marotta and Max Marion, and was acquired by SNDL in July 2024. It produces and distributes medical cannabis. The company has 92 employees. Its chief executive, as recorded, is Niel Marotta. Its focus areas include Food and Agriculture Tech, Crop Tech, Indoor Farming and Aeroponics. Its competitors include Spiritleaf, MYM Nutraceuticals and JWC; 2 of its 3 listed competitors have raised funding.
Company details
Indiva was founded in 1979 and is headquartered in London, Canada. Operations are centered on the production and distribution of medical cannabis within the healthcare sector. Dried cannabis flowers, oils, extracts, and edibles are included among the product lines offered. Distribution occurs primarily in Canada, with a focus on regulatory-compliant medical applications. Leadership is provided by co-founders Niel Marotta as CEO and Max Marion.
Funding Insights of Indiva
- Total Rounds 9
- Last Round Post-IPO — $4M
- First Round $5.76M
(Aug 2017)
- Investors Count 6
All 9 funding rounds of Indiva with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2024 | $4M | Post-IPO | – | – | – |
| Jun 2023 | $2.16M | Post-IPO | – | – | |
| Feb 2021 | $22M | Post-IPO | – | – | |
| Aug 2020 | $3.81M | Post-IPO | – | – | |
| Jun 2020 | $1.01M | Post-IPO | – | – | |
| Jan 2020 | $1.5M | Post-IPO | – | – | |
| Dec 2019 | $2.12M | Post-IPO | – | – | – |
| Oct 2019 | $11M | Debt – Conventional | – | – | – |
| Aug 2017 | $5.76M | Post-IPO | – | – | – |
7 investors in total: 6 institutional and 1 angel.
Investors in Indiva
Indiva has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include SNDL, Tweed Main Street and Sundial Cannabis.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Online platform to sell medicinal cannabis products | 2012 | tweedmainstreet.com | Ottawa, Canada | |
| sundialcannabis.com | ||||
| atbcapitalmarkets.com | ||||
| prairiemerchant.ca | ||||
Offers financial planning, investment advice, and wealth management services to clients. | 2008 | marottaonmoney.com | Charlottesville, United States | |
Cannabis-infused liquor is branded and distributed by SNDL. | 2014 | sndl.com | Calgary, Canada | |
AM Allan Markin | unknown_86ae7df9b7a74107b |
Investor details for Indiva
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Indiva
10 people are tracked at Indiva (4 in leadership, 6 in team); the tracked headcount is 92.
| Name | Role | Group |
|---|---|---|
Niel Marotta | Co-Founder & CEO | Leadership |
Max Marion | Co-Founder | Leadership |
Kelsey Jobson | Regional Sales Director - East & Medical | Leadership |
Mark Haynes | Vice President of Sales | Leadership |
John Cunha | Operations Manager | Team |
Rahul Barman, B.Eng, PMP® | Project Engineer | Team |
Alexis Fallon | Order Processor | Team |
Frank Medaglia | Office Coordinator | Team |
Rania Nuru | Sales and Product Commercialization Coordinator | Team |
Alyssa Fisher | Quality Assurance Supervisor | Team |
Complete people profiles for Indiva
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Indiva
5 dated milestones of Indiva across 45 years, from founding to its latest funding, stage changes and deals.
- Founded Indiva is founded.
- Funding First funding round of $5.8M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $4.0M.
- Exit Acquired by SNDL.
Competitors of Indiva
Indiva has 3 listed competitors in our database, 2 of them funded. They include Spiritleaf, MYM Nutraceuticals and JWC.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| spiritleaf.ca | 2017 | Calgary, Canada | $9.77M | Cannabis products are produced and supplied for recreational use. | ||
| mym.ca | 2014 | Vancouver, Canada | Design-build services for cannabis cultivation facilities are provided. | |||
| jwc.ca | 2008 | Kitchener, Canada | $18.49M | Producer and supplier of cannabis products |
Detailed competitors of Indiva
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Web traffic of Indiva
Websites that share an audience with Indiva (indiva.com).
Websites whose visitors overlap most with Indiva. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
theounce.ca | theounce.ca | 100% | #3,004,657 | – | |
sensiblecannabiscompany.com | sensiblecannabiscompany.com | 92% | #3,480,283 | – |
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Related news about Indiva
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Frequently Asked Questions about Indiva
Indiva was founded in 1979 and raised its 1st funding round 38 years after it was founded.
Indiva is headquartered in London, Canada. It is registered at London, Ontario, Canada.
Niel Marotta is the CEO of Indiva, as recorded in our data. They have also founded this company.
Indiva has 92 employees.
Indiva was founded in 1979 and is headquartered in London, Canada. Operations are centered on the production and distribution of medical cannabis within the healthcare sector. Dried cannabis flowers, oils, extracts, and edibles are included among the product lines offered. Distribution occurs primarily in Canada, with a focus on regulatory-compliant medical applications. Leadership is provided by co-founders Niel Marotta as CEO and Max Marion.
Indiva's top competitors include JWC, Spiritleaf and MYM Nutraceuticals.
Indiva has 7 investors. Key investors include SNDL, Tweed Main Street, Sundial Cannabis, ATB Capital Markets, and Prairie Merchant.
Yes. Indiva was acquired by SNDL in July 2024.