Grey Wolf Animal Health

What Grey Wolf Animal Health does

Grey Wolf Animal Health is a Canadian specialty animal health company that distributes pharmaceuticals, nutraceuticals, medical devices, wound care products, and compounding pharmacy services exclusively through licensed veterinary clinics across Canada. Founded in 2015 by veterinarian Dr. Ian Sandler and headquartered in Toronto, the company operates two reporting segments: Animal Health (USD 13.0 million in 2025 revenue, +7.4% YoY) and Compounding Pharmacy (USD 22.7 million in 2025 revenue, +54.7% YoY), with consolidated full-year 2025 revenue of $35.8 million and adjusted EBITDA of $6.9 million (+61.0%). The company has been cash-flow positive since 2021 and trades on the TSX-V under ticker WOLF.

The company's product portfolio is sourced through exclusive Canadian distribution agreements with global animal health manufacturers rather than proprietary R&D, including Orion Pharma Animal Health (Sileo, Bonqat), Vetpharma Animal Health (Sedaject, Ataject), VetriSCIENCE Pro Line (VetriFlex, Renal Essentials Pro, Composure Pro), Cf Pharma (GI Portfolio), Advancis Veterinary / Milliken (Activon Manuka Honey wound care), Nipro (IV catheters), Neogen (Ideal syringes), Lloyd (Thyro-Tabs), and MPS (protective wear). Through the compounding pharmacy vertical, the company operates Trutina Pharmacy (acquired 2021, equine specialization) and the Compounding Pharmacy of Manitoba (acquired December 2024 for USD 22.5 million), providing customized pharmaceutical formulations. Products are authorized by Health Canada.

The business model is prescription-driven and channel-mediated: Grey Wolf does not sell direct to consumers and prices are quote-based via territory managers and a "Request a Call" mechanism. Go-to-market is enterprise field sales, with territory managers calling on veterinary clinics organized by region (e.g., GTA Ontario, Southern Ontario), supported by educational webinars on CommuniVET and CE-accredited content. In 2026, the company announced a planned rebrand to Grey Wolf Health Corp. to reflect its broadened focus beyond animal health.

Name

Grey Wolf Animal Health

Legal name

Grey Wolf Animal Health Inc.

Website

https://greywolfah.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Grey Wolf Animal Health is a Canadian specialty animal health company that distributes pharmaceuticals, nutraceuticals, wound care products, medical devices, and compounding pharmacy services to veterinary clinics nationwide, operating through acquired pharmacy subsidiaries and exclusive manufacturer distribution agreements.

Ownership category

akta.pro rank

Product category

Specialty Animal Health Distribution

NAICS

Biological Product (except Diagnostic) Manufacturing (325414)

SIC

Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122), Pharmaceutical Preparations (2834)

akta.pro industry

PRIMARYHLAMAIAH

Specialty Veterinary Therapeutics Distribution (Oncology, Dermatology, Endocrinology)

Healthcare & Life Sciences/Veterinary & Animal Health/Veterinary Distribution & Retail (Wholesalers, Pharmacies)

SECONDARYHLAMALAO

Specialty & Condition-Specific Nutraceuticals (e.g., Liver, Eye, Endocrine)

Healthcare & Life Sciences/Veterinary & Animal Health/Pet Supplements & Nutraceuticals

SECONDARYHLAMALAN

Species-Specific Supplements (Dog/Cat/Other Companion Species)

Healthcare & Life Sciences/Veterinary & Animal Health/Pet Supplements & Nutraceuticals

SECONDARYHLAMAEAF

Pain Management, Anesthesia & Critical Care Drugs

Healthcare & Life Sciences/Veterinary & Animal Health/Veterinary Pharmaceuticals & Biologics

SECONDARYHLAMAIAD

Compounding Pharmacies (Veterinary)

Healthcare & Life Sciences/Veterinary & Animal Health/Veterinary Distribution & Retail (Wholesalers, Pharmacies)

Keywords

• Animal health products
• Veterinary pharmaceuticals
• Compounding pharmacy services
• Veterinary nutraceuticals
• Wound care products

Headquarters

HQ city

Oakville

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Animal Health Product Sales: The company generates revenue through the sale of animal health products including pharmaceuticals (Bonqat, Sileo, Sedaject, Ataject, Lloyd Thyro-Tabs), nutraceuticals (VetriFlex, Composure Pro, HepatiClear, Renal Essentials Pro, L-Lysine Pro, GI Portfolio, MicroSilver+), medical devices (wound care products, IV catheters, syringes, protective wear, cohesive bandages), and Hide & Treat medication-hiding treats. Revenue increased 7.4% to $13.0 million for the Animal Health segment in 2025.
2. Compounding Pharmacy Services: The company operates compounding pharmacies (Trutina Pharmacy for equine market, Compounding Pharmacy of Manitoba acquired December 2024) providing customized pharmaceutical formulations. This segment grew 54.7% to $22.7 million in 2025, driven by organic growth and the full-year impact from the Manitoba acquisition.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Grey Wolf Animal Health distributes and supplies specialty animal health products to veterinary clinics across Canada, including prescription pharmaceuticals (Bonqat, Sileo, Sedaject, Ataject, Lloyd Thyro-Tabs), nutraceuticals (VetriFlex, Composure Pro, GI Portfolio, Renal Essentials Pro), wound care products featuring 100% Medical Grade Manuka Honey (Activon, Actilite, Algivon), protective wear, syringes, and IV catheters. Through its wholly-owned Trutina Pharmacy and the Compounding Pharmacy of Manitoba, the company also provides customized compounded pharmaceutical formulations, particularly for the equine market.

Product overview

Grey Wolf Animal Health is an animal health and wellness company that distributes a diversified portfolio of pharmaceutical, wound care, protective wear, nutraceutical, and disposable products for companion animals and horses in Canada. The core offering includes prescription pharmaceuticals (Bonqat®, Sileo®, Sedaject™, Ataject™, Lloyd Thyro-Tabs®), distributed from partners like Orion Pharma and Vetpharma; a wound care portfolio by Advancis Veterinary featuring Manuka Honey products (Activon®, Actilite®, Algivon®), absorbent dressings (Advazorb®, Eclypse®), and cohesive bandages; MPS Protective Wear as an e-collar alternative; and nutraceuticals including GI supplements, joint support (VetriFlex®), liver support (HepatiClear™ Pro), and behavior products (Composure™ Pro) from VetriSCIENCE and Cf Pharma. The company also operates a compounding pharmacy business (Trutina Pharmacy, Compounding Pharmacy of Manitoba) serving the equine and human compounding markets.

Differentiator

Problem solved

Functional benefit

Brands

• Trutina Pharmacy: Independent Canadian compounding pharmacy specializing in formulation of innovative compounds for the equine market
• GI Portfolio
• Activon
• Composure Pro

Products and services

• Bonqat Pregabalin oral solution for cats indicated for anxiety-related anxiety; prescription medication available from veterinarians and distributed under partnership with Orion Pharma Animal Health.
• Sileo Dexmedetomidine hydrochloride oromucosal gel for dogs, used for noise aversion and sedation.
• Sedaject and Ataject Prescription Injectables Sedaject (dexmedetomidine hydrochloride injection, 0.5 mg/mL) and Ataject (atipamezole hydrochloride injection, 5.0 mg/mL) for sedation, analgesia, and reversal of dexmedetomidine sedation in animals.
• Lloyd Thyro-Tabs Canine Levothyroxine sodium tablets for canine hypothyroidism treatment, distributed from Lloyd, Inc.
• Activon Wound Care Line 100% Medical Grade Manuka Honey-based wound care portfolio including Activon Tube, Actilite (non-adherent viscose net dressing with 99% Manuka Honey and 1% Manuka oil), Algivon (alginate dressing), Advazorb (absorbent foam dressing), Eclypse Adherent and Eclypse Border (superabsorbent dressings), and Siltape (soft silicone perforated tape).
• Cohesive Bandages (COFLEX, PETFLEX, POWERFLEX) Self-adhering elastic bandages for affixing, splinting and light compression in companion animals, distributed from Milliken Healthcare with EASYTEAR technology and NO CHEW variants.
• MPS Protective Wear (Medical Pet Shirts) Animal-friendly alternative to e-collars including medical pet shirts for dogs, cats, and rabbits, plus boots, head covers, and leg sleeves, distributed from MPS International.
• GI Portfolio (Entero Aid +GI, Fibre Boost +GI, Pro Care +GI) All-natural gastrointestinal health products including Entero Aid +GI (montmorillonite-based), Fibre Boost +GI (prebiotic/probiotic fiber supplement), and Pro Care +GI (synbiotic), distributed from Cf Pharma and authorized by Health Canada.
• Composure Pro Behavioral support chew for cats and dogs containing Colostrum Calming Complex, Suntheanine L-Theanine, L-Tryptophan, and Thiamine to support relaxed behavior without a loading dose.
• VetriFlex Clinical-strength joint support for dogs and cats with GlycOmega green-lipped mussel, Phytosome-powered curcumin and Boswellia to support cartilage development, mobility and flexibility.
• HepatiClear Pro Liver support supplement for dogs with antioxidants supporting hepatic health and normal detoxification without requiring fasting.
• L-Lysine Pro L-lysine and DMG blend supporting immune system function, eye and respiratory health in cats, authorized by Health Canada.
• Renal Essentials Pro Kidney and immune support for cats and dogs with adaptogenic plant sources, antioxidants and essential vitamins and minerals to support normal renal circulation and detoxification.
• Hide and Treat All-natural, stress-free soft chew for hiding medication in pets, low in fat and calories, available in duck, peanut butter & banana, or turkey & pumpkin flavors.
• MicroSilver+ Shampoo Skin-soothing shampoo with MicroSilver BG active ingredient (0.2% silver concentration) that supports natural skin defenses and maintains healthy skin barrier.
• Ideal Instruments Syringes and Needles Disposable needles and syringes by Neogen for veterinary use featuring clear polypropylene barrel, silicone lubrication, ultra-sharp tri-beveled anti-coring needles, and ISO color-coded hubs.
• Nipro IV Catheters IV catheters by Nipro Medical Corporation featuring ETFE biocompatible material, smooth catheter-to-needle transition for atraumatic insertion, radiopaque construction, and color-coded hubs for rapid size identification.
• Trutina Pharmacy Equine Compounding Services Customized pharmaceutical compounding services specializing in innovative formulations for the equine market, acquired in 2021 as Grey Wolf's equine compounding subsidiary.
• Compounding Pharmacy of Manitoba Compounding pharmacy services acquired by Grey Wolf in December 2024 for USD 22.5 million, contributing to pharmacy business revenue growth of 54.7% to $22.7 million in 2025.

Quantifiable outcome

• Revenue grew 33.3% year-over-year to $35.8 million in 2025
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• The Compounding Pharmacy of ManitobacoreStrategic or Co-development Partner · 31 December 2024Acquired in December 2024 for USD 22.5 million, The Compounding Pharmacy of Manitoba expanded Grey Wolf's compounding pharmacy capabilities. This acquisition contributed to pharmacy business revenue growing 54.7% to $22.7 million in 2025.
• Trutina PharmacycoreStrategic or Co-development Partner · 31 December 2021Acquired in 2021, Trutina Pharmacy is an independent Canadian compounding pharmacy specializing in innovative formulations for the equine market. This acquisition expanded Grey Wolf's presence in the specialized equine pharmaceutical compounding space.
• Advancis Veterinary (Milliken)coreChannel Partner/ Reseller/ DistributorGrey Wolf Animal Health is the Canadian distributor of Advancis Veterinary wound care products including Activon Manuka Honey products (Activon Tube, Actilite, Algivon), absorbent dressings (Advazorb, Eclypse), and Siltape silicone tape. Products are 100% medical grade Manuka honey-based wound care solutions.
• Nipro Medical CorporationminorChannel Partner/ Reseller/ DistributorGrey Wolf Animal Health is the Canadian distributor of Nipro IV catheters. The catheters feature ETFE biocompatible material, smooth catheter-to-needle transition for atraumatic insertion, radiopaque construction, and color-coded hubs for rapid size identification.
• Neogen (Ideal Instruments)minorChannel Partner/ Reseller/ DistributorGrey Wolf Animal Health is the Canadian distributor of Ideal Instruments syringes and needles by Neogen. Products include clear polypropylene syringes with silicone lubrication and ultra-sharp tri-beveled anti-coring needles with ISO color-coded hubs.
• VetriSCIENCE Pro LinecoreChannel Partner/ Reseller/ DistributorGrey Wolf Animal Health is the Canadian distributor of VetriSCIENCE Pro Line nutraceuticals including VetriFlex (joint support), Renal Essentials Pro (kidney support), L-Lysine Pro (immune support), HepatiClear Pro (liver support), and Composure Pro (behavior support).
• Cf PharmacoreChannel Partner/ Reseller/ DistributorGrey Wolf Animal Health is the Canadian distributor of Cf Pharma GI products including Entero Aid +GI (gut health), Fibre Boost +GI (fiber supplement), and Pro Care +GI (synbiotic). These products support the company's educational message about reducing antimicrobial use in GI conditions.
• MPS InternationalminorChannel Partner/ Reseller/ DistributorGrey Wolf Animal Health is the Canadian distributor of MPS (Medical Pet Shirts) protective wear, an animal-friendly alternative to the e-collar. Products include medical pet shirts for dogs, cats, and rabbits, as well as boots, head covers, and leg sleeves.
• Milliken HealthcareminorChannel Partner/ Reseller/ DistributorGrey Wolf Animal Health is the Canadian distributor of Milliken Healthcare cohesive bandages including COFLEX (10 lb), PETFLEX (15 lb), and POWERFLEX (23 lb) with EASYTEAR technology. NO CHEW variants feature bitter taste to prevent chewing.
• Lloyd, Inc.minorChannel Partner/ Reseller/ DistributorGrey Wolf Animal Health is the Canadian distributor of Lloyd Thyro-Tabs Canine (levothyroxine sodium) for thyroid condition management in dogs.
• Vetpharma Animal Health S.L.minorChannel Partner/ Reseller/ DistributorGrey Wolf Animal Health is the Canadian distributor of Sedaject (dexmedetomidine hydrochloride injection) and Ataject (atipamezole hydrochloride injection) by Vetpharma for sedation and anesthesia reversal in animals.
• Orion Pharma Animal HealthcoreChannel Partner/ Reseller/ DistributorGrey Wolf Animal Health is the Canadian distributor of Orion Pharma products including Sileo (dexmedetomidine oromucosal gel for anxiety) and Bonqat (pregabalin oral solution for cats). These are registered trademarks of Orion Pharma Animal Health.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Vetoquinol: Global specialty animal health pharmaceutical company with a portfolio of pharmaceuticals, nutraceuticals, and veterinary specialty products. Comparable because it focuses on identifying and commercializing specialty animal health therapeutics across multiple species, similar to Grey Wolf's "unmet needs" thesis.
• Virbac: Independent global animal health company focused on pharmaceuticals, vaccines, and diagnostic services for companion and production animals. Comparable because Virbac competes in specialty veterinary therapeutics and nutraceuticals with similar channel strategy targeting veterinarians.
• Dechra Pharmaceuticals: Specialty veterinary pharmaceuticals and products company focused on therapeutic areas like endocrinology, dermatology, and analgesia. Direct peer because of similar specialty therapeutics portfolio and veterinary channel focus; recently subject to take-private discussions validating the consolidation thesis.

Broad incumbents

• Zoetis: World's largest animal health company with broad portfolio across pharmaceuticals, vaccines, diagnostics, and medicated feed. Comparable because Zoetis sells many of the same therapeutic categories (anesthesia, pain management, dermatology) through the veterinary channel that Grey Wolf distributes.
• Elanco Animal Health: Major global animal health company offering pharmaceuticals, vaccines, and pet wellness products across companion animal and livestock markets. Comparable as a broad incumbent in the same veterinary channel with overlapping therapeutic categories.
• Phibro Animal Health: Global animal health and mineral nutrition company focused on pharmaceuticals, vaccines, and nutritional specialties. Comparable in animal health distribution model and veterinary channel relationships, though with broader production animal exposure.

Regional players

• CDMV: Canadian veterinary distributor serving veterinary clinics across Canada with pharmaceuticals, supplies, and pet foods. Direct comparable as a Canadian specialty veterinary distribution competitor with overlapping customer base of veterinary clinics.
• Veterinary Purchasing Company: Canadian veterinary distribution cooperative supplying pharmaceuticals and supplies to member veterinary clinics. Comparable as a Canadian veterinary channel distributor; competes for the same veterinary clinic relationships.

Others

• Apotex: Largest Canadian pharmaceutical manufacturer with generic drugs, sterile injectables, and compounding pharmacy operations (through Apotex's compounding arm). Comparable for the compounding pharmacy segment, though not in the veterinary channel.
• Avrio Health (Pharmascience): Canadian specialty pharmaceutical company with compounding pharmacy capabilities and a portfolio of niche therapeutics. Comparable for the compounding pharmacy operations segment of Grey Wolf's business, though primarily human-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/GreyWolfAH
• Facebookfacebook.com/greywolfah
• LinkedInlinkedin.com/company/grey-wolf-animal-health
• Instagraminstagram.com/greywolfah

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grey Wolf Animal Health