CannMart

What CannMart does

CannMart (legal name CannMart Inc.) is a Canadian Licensed Cannabis Producer headquartered in Etobicoke, Ontario, operating a state-of-the-art BHO (Butane Hash Oil) extraction facility described as one of only a few licensed BHO extraction spaces in Canada. The company originated as Canada's first sales-only, non-production license holder before entering production in 2021 with house-made products. Its core offering centers on premium cannabis concentrates and extraction products, sold through proprietary house brands—Roilty (distillate carts, shatter, live resin, sugar wax, diamonds and sauce, dried flower), Rilaxe (infused oils, dried-fruit and dried-vegetable edibles, gummies, pre-rolls), and Zest (shatter-infused pre-rolls, liquid diamond vapes, milled flower)—alongside distributed partner brands including Viridis, Lot 420, Thinker, Ahlot, and Apothecary Botanicals.

CannMart operates a B2B model serving cannabis retailers, wholesalers, and partner brands across Canadian provinces. Its go-to-market blends direct-to-retailer sales in certain provinces (Saskatchewan, Manitoba) with provincial government supply agreements (e.g., Quebec) and wholesale distribution through provincial channels in Alberta, Ontario, British Columbia, Newfoundland & Labrador, and additional territories. Revenue mechanics span proprietary cannabis product sales, co-manufacturing and distribution for partner brands, and exclusive B2B distribution of Hamilton Devices vaping hardware in Canada. No pricing is publicly disclosed; product pricing varies by province and retailer under provincial regulation.

Corporately, CannMart was previously a subsidiary of Lifeist Wellness, which announced its sale in February 2024. It is now a wholly owned subsidiary of Simply Solventless Concentrates Ltd. (SSC). In February 2026, SSC commenced restructuring under the Companies' Creditors Arrangement Act (CCAA), with CannMart Inc., ANC Inc., and Massive Hash Factory Ltd. granted creditor protection; the Court of King's Bench of Alberta appointed MNP Ltd. as monitor, approved DIP financing of up to $1,500,000, and authorized a Sales and Investment Solicitation Process. The company employs 11–50 people and remains operating during the restructuring.

Name

CannMart

Legal name

CannMart Inc.

Website

https://cannmart.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

CannMart is a Canadian Licensed Cannabis Producer in Etobicoke, Ontario, operating a BHO extraction facility and selling proprietary and partner cannabis brands B2B to retailers, wholesalers, and provincial distribution channels across Canada.

Ownership category

akta.pro rank

Product category

Cannabis Production & Distribution

NAICS

Flavoring Syrup and Concentrate Manufacturing (31193)

SIC

Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Cannabis Accessories & Ancillary Products Wholesale (Vapes, Packaging, Hardware) (CRAOAIAH)

akta.pro secondary industry

Vape & Cartridge Accessories (Batteries, Chargers, Pods) (CRANAHAH)

Keywords

• Cannabis extraction
• Cannabis concentrates
• Cannabis distribution
• Licensed cannabis producer
• BHO extracts

Headquarters

HQ city

Etobicoke

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Marketing or Sales, Personnel, Technology or R&D

Revenue model

1. Hamilton Devices Distribution: Exclusive B2B distribution of Hamilton Devices (vaping hardware) in Canada, generating revenue through wholesale hardware sales to retailers
2. Provincial Government Supply Agreements:
3. Cannabis Product Sales: Sale of proprietary cannabis products including Roilty concentrates, Zest vapes, Rilaxe edibles, and other partner brand products to retailers and wholesalers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

CannMart is a Canadian Licensed Cannabis Producer that manufactures and distributes premium cannabis products through a state-of-the-art BHO extraction facility in Etobicoke, Ontario. It sells proprietary house brands (Roilty concentrates, Zest vapes and pre-rolls, Rilaxe edibles) and partner brand cannabis products wholesale to retailers and provincial cannabis control boards across Canada. It also serves as the exclusive Canadian B2B distributor for Hamilton Devices vaping hardware.

Product overview

CannMart is a Canadian Licensed Cannabis Producer and BHO extraction facility in Etobicoke, Ontario, operating as a subsidiary of Lifeist Wellness. The company offers a portfolio of house-made cannabis products including Roilty concentrates (distillate carts, shatter, live resin, diamonds and sauce, dried flower), Rilaxe edibles (dried fruits, gummies, infused oils), and Zest products (infused pre-rolls, liquid diamond vapes, milled flower). Additionally, CannMart distributes partner brands including Viridis and Lot 420 (cannabis flower), Thinker and Ahlot (pre-rolls), and Apothecary Botanicals (topicals). The company positions itself as one of Canada's few BHO extraction spaces, having evolved from Canada's first sales-only non-production license to producing its own product lines starting in 2021.

Differentiator

Problem solved

Functional benefit

Brands

• Roilty: Cannabis concentrate brand offering distillate carts, shatter, live resin, sugar wax, diamonds and sauce, and dried flower products.
• Rilaxe
• Zest Cannabis

Products and services

• Roilty (cannabis concentrates) Roilty is CannMart's proprietary cannabis concentrate brand offering distillate carts, shatter vapes, live resin vapes, shatter, live resin, sugar wax, diamonds and sauce, and dried flower products. Targeted at cannabis retailers and wholesalers for resale to concentrate consumers seeking premium formats.
• Rilaxe (cannabis edibles) Rilaxe is CannMart's proprietary cannabis edible brand featuring infused oils, dried fruit edibles, dried vegetable edibles, pre-rolls, and gummies with THC and CBD formulations. Sold wholesale to licensed cannabis retailers.
• Zest Cannabis

Quantifiable outcome

• First-to-market multi-pack cannabis products in Ontario
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Other People's PotminorStrategic or Co-development Partner · 8 March 2023Strategic partnership with Other People's Pot to accelerate growth of Roilty brand through collaborative marketing and distribution initiatives.
• SpiffyminorStrategic or Co-development Partner · 8 March 2023Partnership with Spiffy to further accelerate Roilty brand growth through joint go-to-market activities.
• Hamilton DevicescoreChannel Partner/ Reseller/ Distributor · 31 October 2022CannMart became exclusive B2B distributor in Canada for Hamilton Devices, a leading U.S. manufacturer and supplier of extracts-focused vaping hardware. This partnership enables wider wholesale distribution of Hamilton Devices products across Canadian provinces.
• Quebec Provincial GovernmentcoreChannel Partner/ Reseller/ Distributor · 8 March 2022Supply agreement established with Quebec provincial government for cannabis product distribution, allowing CannMart products to be sold through Quebec's provincial cannabis distribution system.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Canopy Growth Corporation: One of Canada's largest licensed cannabis producers with national distribution, multiple house brands across dried flower, vapes, and edibles, and provincial supply agreements similar to CannMart's go-to-market model.
• HEXO Corp: Canadian licensed producer offering dried flower, vapes, and edibles through provincial distribution; similar size and product mix to CannMart's branded portfolio.
• Aurora Cannabis Inc. Major Canadian licensed producer with multi-provincial distribution and a diverse product portfolio spanning flower, vapes, and concentrates, directly comparable to CannMart's LP and wholesale model.
• MediPharm Labs Corp. Canadian GMP-certified cannabis extraction specialist producing concentrates, vapes, and oils for partner brands—directly comparable to CannMart's contract extraction and concentrate manufacturing operations.
• Cronos Group Inc. Canadian licensed cannabis producer with a branded portfolio spanning flower, pre-rolls, vapes, and extracts, distributed across Canadian provinces—comparable to CannMart's multi-brand wholesale model.
• Tilray Brands, Inc. Global cannabis operator with a Canadian LP business that produces and distributes flower, vapes, and edibles across Canadian provinces, sharing CannMart's B2B distribution structure.
• The Valens Company (now Auxly Cannabis Group): Canadian cannabis extraction specialist and co-manufacturer serving multiple brands, the closest direct peer to CannMart's BHO extraction and white-label concentrate capabilities.
• OrganiGram Holdings Inc. Canadian licensed producer with house brands across flower, pre-rolls, vapes, and edibles, and provincial distribution agreements—closely comparable to CannMart's branded portfolio and wholesale model.

Broad incumbents

• High Tide Inc. Canadian cannabis retailer and accessory distributor with a large retail banner network and wholesale operations, providing a broader-market comparison point for CannMart's B2B distribution and accessory sales.

Emerging players

• Indiva Limited: Smaller Canadian licensed producer specializing in pre-rolls and edibles with provincial distribution, comparable in scale and product mix to CannMart's niche house brand portfolio.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cannmart
• Instagraminstagram.com/cannmart.labs
• Xx.com/cannmartca

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about CannMart