Topic: How To Invest

Q: Pat, I’d like to hear more about VIVO Cannabis. Thanks.

Article Excerpt

A: VIVO Cannabis Inc., $0.76, symbol VIVO on the Toronto Venture Exchange (Shares outstanding: 294.8 million; Market cap: $224.0 million; www.vivocannabis.com), is based in Napanee, Ontario, and operates indoor cannabis cultivation greenhouses. In August 2018, the company changed its name from ABcann Global Corporation to VIVO Cannabis. It believes that the new name more accurately reflects its evolution, purpose and direction. The stock symbol changed to “VIVO” from “ABCN.” In addition to its greenhouses, the company operates Harvest Medicine, a network of medical cannabis clinics. It also has an exclusive, free telemedicine app. VIVO offers what it sees as premium brands of cannabis, targeting unique customer segments. Those marijuana strains include Beacon Medical, Fireside, Canna Farms and Lumina. In August 2018, VIVO acquired Canna Farms, a marijuana producer based in Hope, B.C. The price was $133.0 million, of which $22.5 million was in cash and $92.5 million in shares. Canna Farms was B.C.’s first licensed producer of medical marijuana and has several years of…