Santé Veritas is an emerging North American cannabis platform company focused on becoming an integrated producer and marketer of branded cannabis products and therapies. The company is pursuing licensure under Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR), has applied for a cultivation and sale licence, and received a Confirmation of Readiness from Health Canada. SVT is converting a vacant Catalyst Paper office building and is building out its first cultivation facility in Powell River, B.C., for final inspection and approval. In December 2017 the company closed a private placement raising roughly C$16.0 million; following the offering it had 243,978,923 common shares outstanding. Net proceeds are intended to fund Phase 1 and Phase 2a of the Powell River facility and for general corporate purposes. The company notes sector risks including dependence on regulatory approvals, potential need for additional financing, limited operating history, and regulatory or political change.

Total raised

$13M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2017