Redecan

Pelham, Canada Founded: 2014 • Age: 12 yrs Acquired By HEXO
Integrated business for cultivation, processing, and supply of medical cannabis
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About Redecan

Redecan is a company based in Pelham (Canada) founded in 2014 by Pete Montour, Will Montour, and Rick Redekop was acquired by HEXO in May 2021.. Redecan operates in a competitive market with competitors including Canopy Growth, Organigram, Cannara Biotech, C21 Investments and PharmaCielo, among others.

  • Headquarter Pelham, Canada
  • Founders Pete Montour, Will Montour, Rick Redekop
  • Sectors
    Agriculture
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
Operational Areas
Agriculture → Agricultural Technology & Innovation
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    HEXO

    (May 28, 2021)

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Funding Insights of Redecan

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Redecan

Redecan has secured backing from 1 investor. Prominent investors backing the company include HEXO. 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.

All
Investor Description Founded Year Domain Location
Cannabis-based products are manufactured by HEXO in Canada.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Redecan

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Redecan

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Redecan Comparisons

Employees
+
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Competitors of Redecan

Redecan 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 Canopy Growth, Organigram, Cannara Biotech, C21 Investments and PharmaCielo, 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 products are provided to support consumer wellness and health.
domain founded_year HQ Location
Provider of cannabis products, brands, and international business development investments
domain founded_year HQ Location
Medicinal cannabis cultivation facility
domain founded_year HQ Location
Cannabis and hemp-derived products are cultivated, processed, and supplied.
domain founded_year HQ Location
Medicinal cannabis oil and products are produced in Colombia.
domain founded_year HQ Location
Cannabis-derived nutritional and wellness products are provided by Aphria.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Redecan

Frequently Asked Questions about Redecan

When was Redecan founded?

Redecan was founded in 2014.

Where is Redecan located?

Redecan is headquartered in Pelham, Canada. It is registered at Pelham, Ontario, Canada.

What does Redecan do?

Redecan was founded in 2014 and is based in Pelham, Canada, operating in the medical cannabis sector. Cannabis strains are grown in a climate-controlled greenhouse in the Niagara peninsula, utilizing natural sunlight and controls for humidity and air quality. Preventive measures at lab standards are applied to minimize contamination. Products are processed, packaged, and distributed to registered patients, with orders facilitated through the companys website.

Who are the top competitors of Redecan?

Redecan's top competitors include Canopy Growth, Organigram and Cannara Biotech.

Who are Redecan's investors?

Redecan has 1 investor. Key investors include HEXO.

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