About NOVA Cannabis
NOVA Cannabis is a company based in Edmonton (Canada) founded in 2018 was acquired by SNDL in October 2024.. NOVA Cannabis operates in a competitive market with competitors including Auxly, TerrAscend, Green Tank Technologies, HEXO and Neptune Wellness, among others.
- Headquarter Edmonton, Canada
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Sectors
Consumer
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Phone
*********
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Website
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Funding Insights of NOVA Cannabis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 NOVA Cannabis
NOVA Cannabis has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include SNDL. 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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Cannabis-infused liquor is branded and distributed by SNDL.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by NOVA Cannabis
| 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 - NOVA Cannabis
| 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 |
Nova Cannabis Comparisons
Competitors of NOVA Cannabis
NOVA Cannabis 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 Auxly, TerrAscend, Green Tank Technologies, HEXO and Neptune Wellness, 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 |
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Platform for managing cannabis manufacturing operations is provided.
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Cannabis dispensaries are operated and medical products are retailed.
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Private label vape products including vaporizers and cartridges are manufactured.
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Cannabis-based products are manufactured by HEXO in Canada.
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Manufacturer of cannabis products and retail services
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Nova Cannabis
Frequently Asked Questions about NOVA Cannabis
When was NOVA Cannabis founded?
NOVA Cannabis was founded in 2018.
Where is NOVA Cannabis located?
NOVA Cannabis is headquartered in Edmonton, Canada. It is registered at Edmonton, Alberta, Canada.
What does NOVA Cannabis do?
NOVA Cannabis, established in 2018 and currently in Acquired stage, focuses on engaging in retail operations, cannabis brands and retailers, retailers, and diversified. Retailer of diversified cannabis products. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of NOVA Cannabis?
NOVA Cannabis's top competitors include Auxly, TerrAscend and HEXO.
Who are NOVA Cannabis's investors?
NOVA Cannabis has 1 investor. Key investors include SNDL.