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The Peace Naturals Project

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uuid003285s

Namestring
The Peace Naturals Project
Legal namestring
Peace Naturals Project Inc.
Company typeenum
Private
Founded yearint
2013
Descriptiontext

The Peace Naturals Project (legal entity: Peace Naturals Project Inc.) is a Canadian licensed cannabis producer headquartered in Stayner, Ontario, with operational roots in the medicinal cannabis industry dating to 2013. The company is a wholly-owned subsidiary of Cronos Group Inc. (NASDAQ/TSX: CRON) and forms part of the Cronos Group's "Cronos Obligated Organizations" for legal, privacy, and accessibility purposes. Its offering centers on a GMP-certified product portfolio combining CBD extract with high-quality MCT oil and natural flavorings; the Peppermint CBD Tincture Oil is the flagship consumer-facing SKU, positioned for the Canadian adult-use market and marketed for calm, balance, and general wellness.

The business operates two parallel go-to-market motions. For adult-use CBD, customers access an age-gated (19+) e-commerce storefront at peacenaturals.com, with marketing driven by owned digital channels (website content, Instagram, Facebook, Twitter, email/newsletter) and tailored third-party display advertising. For medicinal cannabis, customers must register as clients by submitting a valid medical document from a healthcare practitioner; Peace Naturals verifies eligibility under the Canadian Cannabis Act and processes payment and shipping directly. All operations are confined to Canada, and the company explicitly disclaims that its services are appropriate or available outside Ontario-based access.

The business model is essentially direct-to-consumer: branded product sales through the company's own storefront and regulated patient fulfillment. Pricing is not publicly disclosed on the website, and no revenue, headcount breakdown, or financial forecasts are available in the source material. The company's competitive narrative rests on three pillars: GMP-certified manufacturing (described as the highest level of certification in the Canadian cannabis industry), decades of in-house industry experience, and an all-natural, transparent ingredient profile. Distribution, regulatory, and corporate functions are shared with parent Cronos Group, providing capital and back-office support that independent licensed producers typically lack.

Short descriptiontext

The Peace Naturals Project is a Canadian licensed cannabis producer based in Stayner, Ontario, offering GMP-certified CBD and medicinal cannabis products to adult-use consumers and registered patients across Canada. It is a wholly-owned subsidiary of Cronos Group Inc.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersStayner, Canada
HQ citystring
Stayner
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
cannabis production, CBD products, medicinal cannabis, CBD tinctures, licensed cannabis producer
Industry2 codes
1Medical Cannabis Dispensaries
CodeCRANAFABPrimaryYes
2Adult-Use (Recreational) Cannabis Dispensaries
CodeCRANAFAAPrimaryNo
NAICS code1 code
  • Medicinal and Botanical Manufacturing325411
SIC code1 code
  • Medicinal Chemicals & Botanical Products2833
Product category
Cannabis & CBD Products
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Cannabis Product Sales (Adult-Use CBD)
TypeHardware Sales
Description

Direct sales of branded cannabis products (e.g., Peppermint CBD tincture oil) to the adult-use Canadian market via the company's own website storefront.

peacenaturals.com
2Medicinal Cannabis Client Sales
TypeTransaction Fee
Description

Revenue from registered medicinal cannabis clients who have a valid medical document and place orders fulfilled in compliance with the Canadian Cannabis Act; transactions processed with credit card or other payment information.

peacenaturals.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

The Peace Naturals Project is a Canadian licensed cannabis producer that cultivates, manufactures, and sells GMP-certified CBD and medicinal cannabis products to Canadian adult-use consumers and registered medicinal patients. Its flagship consumer offering is the Peppermint CBD Tincture Oil (CBD extract blended with high-quality MCT oil and natural peppermint flavour), backed by licensed-producer operations under the Canadian Cannabis Act.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Roots in the medicinal cannabis industry since 2013
+2 more records
Product overview1 text field

The Peace Naturals Project is a single, vertically focused Canadian cannabis producer rather than a multi-module software platform. Its offering centers on a GMP-certified CBD and medicinal cannabis product portfolio, with the Peppermint CBD Tincture Oil highlighted as the flagship consumer-facing CBD SKU and a broader adult-use CBD product line extending the company's longstanding medicinal cannabis client services into the Canadian adult-use market. All products share Peace Naturals' in-house formulation approach (CBD extract, MCT oil, natural flavorings) and are backed by the company's licensed-producer operations under the Canadian Cannabis Act.

Product and service3 records
1Peppermint CBD Tincture Oil
CategoryCBD Oil / Tincture
Description

A CBD tincture oil that combines CBD extract with high-quality MCT oil and a hint of natural peppermint flavour, formulated to deliver a sense of calm with a fresh minty flavour as part of Peace Naturals' adult-use CBD lineup. Targeted at Canadian adult-use consumers (19+) seeking all-natural CBD products.

2Adult-Use CBD Product Line
CategoryCBD Product Line
Description

The adult-use market extension of Peace Naturals' CBD portfolio, featuring all-natural, GMP-certified formulations designed for mental, physical, and emotional wellbeing, drawing on the company's medicinal cannabis experience since 2013. Sold directly to Canadian adult consumers (19+) through the company's website.

3Medicinal Cannabis Client Services
CategoryLicensed Cannabis Producer Services
Description

Peace Naturals' licensed-producer services for registered medicinal cannabis clients, including client registration under the Canadian Cannabis Act, ordering and shipping of cannabis products, and healthcare-practitioner-coordinated care and verifications. Targeted at patients in Canada holding a valid medical document from a healthcare practitioner.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierFlagship — Controlling Parent / Group Affiliate RelationshipTypeStrategic or Co-development Partner
Description

Peace Naturals Project Inc. is a subsidiary/affiliate controlled by, or under common control of, Cronos Group Inc. The two are grouped together as the "Cronos Obligated Organizations" for accessibility, privacy, and compliance purposes. Cronos Group is also the controller of personal information collected on www.PeaceNaturals.com. This is the central corporate relationship underpinning Peace Naturals' operations.

Strategic tierMinor — Referenced Generically Without Named PartnersTypeGTM or Marketing Partner
Description

Privacy Statement notes that Cronos Group/Peace Naturals may partner with other companies to provide content or services on a joint or "co-branded" basis. When users register for a co-branded site or service, registration information may be shared with one or more co-branding partners. No specific co-branding partner names are disclosed in the source material.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Large publicly-traded Canadian licensed cannabis producer (NASDAQ: TLRY) with a broad medicinal and adult-use portfolio across Canada and internationally. Comparable as a federally licensed Canadian cannabis operator serving both medicinal patients and adult-use consumers, but at significantly larger scale and with deeper SKU breadth.

TypeEmerging player
Description

Canadian licensed cannabis producer focused on premium, craft-style flower and pre-roll products for the Canadian adult-use market (TSX: DB). Comparable as a smaller-scale, quality-focused Canadian licensed producer competing for similar adult-use shelf and patient relationships.

TypeBroad incumbent
Description

Major Canadian licensed producer with both medicinal cannabis (Aurora Medical) and adult-use brands. Comparable in regulatory positioning, GMP-equivalent manufacturing, and patient-versus-consumer segmentation, but at materially larger scale with broader international ambitions.

TypeDirect peer
Description

Canadian licensed cannabis producer (NASDAQ: OGI) with both medicinal and adult-use product lines sold across Canadian provinces. Comparable as a focused Canadian producer competing for the same licensed-producer retail shelf space and patient registrations as Peace Naturals.

TypeBroad incumbent
Description

One of Canada's largest federally licensed cannabis producers with major CBD and THC brands (e.g., Tweed, Spectrum Therapeutics). Comparable as a Canadian licensed producer serving medicinal patients and adult-use consumers, but operating at a much larger scale and across multiple geographies.

TypeDirect peer
Description

Canadian licensed cannabis producer with medicinal and adult-use offerings, including CBD-forward products. Comparable to Peace Naturals in regulatory status, target market (Canadian medicinal patients and adult-use consumers), and product focus, though currently undergoing portfolio restructuring.

TypeBroad incumbent
Description

Peace Naturals' controlling parent and broader Canadian cannabis operator (NASDAQ: CRON). Directly comparable as a federally licensed Canadian cannabis producer with overlapping medicinal and adult-use offerings, but operates as a multi-brand portfolio rather than a single, focused CBD brand.

TypeRegional player
Description

Canadian licensed producer operating medicinal and adult-use brands including Canna Farms and Beacon Medical. Comparable as a federally licensed Canadian producer serving medicinal patients and adult-use consumers with quality-focused, GMP-aligned operations.

TypeDirect peer
Description

Canadian-headquartered, vertically integrated cannabis and produce operator (NASDAQ: VFF) with Canadian cannabis brands and CBD products. Comparable as a Canadian licensed producer with cultivation, extraction, and branded product capabilities overlapping Peace Naturals' medicinal and adult-use CBD offerings.

TypeEmerging player
Description

US-focused CBD wellness brand built around full-spectrum hemp extract products (tinctures, capsules, topicals). Comparable to Peace Naturals in product format (CBD tinctures), positioning around quality and transparency, and direct-to-consumer GTM, though primarily serves the US hemp-derived CBD market rather than Canadian regulated cannabis.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance5 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

The Peace Naturals Project

Cannabis & CBD Productspeacenaturals.com

The Peace Naturals Project is a Canadian licensed cannabis producer based in Stayner, Ontario, offering GMP-certified CBD and medicinal cannabis products to adult-use consumers and registered patients across Canada. It is a wholly-owned subsidiary of Cronos Group Inc.

What The Peace Naturals Project does

The Peace Naturals Project (legal entity: Peace Naturals Project Inc.) is a Canadian licensed cannabis producer headquartered in Stayner, Ontario, with operational roots in the medicinal cannabis industry dating to 2013. The company is a wholly-owned subsidiary of Cronos Group Inc. (NASDAQ/TSX: CRON) and forms part of the Cronos Group's "Cronos Obligated Organizations" for legal, privacy, and accessibility purposes. Its offering centers on a GMP-certified product portfolio combining CBD extract with high-quality MCT oil and natural flavorings; the Peppermint CBD Tincture Oil is the flagship consumer-facing SKU, positioned for the Canadian adult-use market and marketed for calm, balance, and general wellness.

The business operates two parallel go-to-market motions. For adult-use CBD, customers access an age-gated (19+) e-commerce storefront at peacenaturals.com, with marketing driven by owned digital channels (website content, Instagram, Facebook, Twitter, email/newsletter) and tailored third-party display advertising. For medicinal cannabis, customers must register as clients by submitting a valid medical document from a healthcare practitioner; Peace Naturals verifies eligibility under the Canadian Cannabis Act and processes payment and shipping directly. All operations are confined to Canada, and the company explicitly disclaims that its services are appropriate or available outside Ontario-based access.

The business model is essentially direct-to-consumer: branded product sales through the company's own storefront and regulated patient fulfillment. Pricing is not publicly disclosed on the website, and no revenue, headcount breakdown, or financial forecasts are available in the source material. The company's competitive narrative rests on three pillars: GMP-certified manufacturing (described as the highest level of certification in the Canadian cannabis industry), decades of in-house industry experience, and an all-natural, transparent ingredient profile. Distribution, regulatory, and corporate functions are shared with parent Cronos Group, providing capital and back-office support that independent licensed producers typically lack.

The Peace Naturals Project firmographics

Firmographics
Name
The Peace Naturals Project
Legal name
Peace Naturals Project Inc.
Website
https://peacenaturals.com
Company type
Private
Founded year
2013
Operating status
Operating
Headcount range
101–250 employees
Short description
The Peace Naturals Project is a Canadian licensed cannabis producer based in Stayner, Ontario, offering GMP-certified CBD and medicinal cannabis products to adult-use consumers and registered patients across Canada. It is a wholly-owned subsidiary of Cronos Group Inc.
Ownership category
akta.pro rank

The Peace Naturals Project industry classification

Industry
Product category
Cannabis & CBD Products
NAICS
Medicinal and Botanical Manufacturing (325411)
SIC
Medicinal Chemicals & Botanical Products (2833)
akta.pro primary industry
Medical Cannabis Dispensaries (CRANAFAB)
akta.pro secondary industry
Adult-Use (Recreational) Cannabis Dispensaries (CRANAFAA)

Keywords

  • Cannabis production
  • CBD products
  • Medicinal cannabis
  • CBD tinctures
  • Licensed cannabis producer

Where The Peace Naturals Project is headquartered

Location

Headquarters

HQ city
Stayner
HQ country
Canada
HQ region
North America

Offices1 record

Markets served

The Peace Naturals Project business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

  1. Cannabis Product Sales (Adult-Use CBD): Direct sales of branded cannabis products (e.g., Peppermint CBD tincture oil) to the adult-use Canadian market via the company's own website storefront.
  2. Medicinal Cannabis Client Sales: Revenue from registered medicinal cannabis clients who have a valid medical document and place orders fulfilled in compliance with the Canadian Cannabis Act; transactions processed with credit card or other payment information.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

The Peace Naturals Project product offering

Product offering

Core offering

The Peace Naturals Project is a Canadian licensed cannabis producer that cultivates, manufactures, and sells GMP-certified CBD and medicinal cannabis products to Canadian adult-use consumers and registered medicinal patients. Its flagship consumer offering is the Peppermint CBD Tincture Oil (CBD extract blended with high-quality MCT oil and natural peppermint flavour), backed by licensed-producer operations under the Canadian Cannabis Act.

Product overview

The Peace Naturals Project is a single, vertically focused Canadian cannabis producer rather than a multi-module software platform. Its offering centers on a GMP-certified CBD and medicinal cannabis product portfolio, with the Peppermint CBD Tincture Oil highlighted as the flagship consumer-facing CBD SKU and a broader adult-use CBD product line extending the company's longstanding medicinal cannabis client services into the Canadian adult-use market. All products share Peace Naturals' in-house formulation approach (CBD extract, MCT oil, natural flavorings) and are backed by the company's licensed-producer operations under the Canadian Cannabis Act.

Differentiator

Problem solved

Functional benefit

Products and services

  • Peppermint CBD Tincture Oil A CBD tincture oil that combines CBD extract with high-quality MCT oil and a hint of natural peppermint flavour, formulated to deliver a sense of calm with a fresh minty flavour as part of Peace Naturals' adult-use CBD lineup. Targeted at Canadian adult-use consumers (19+) seeking all-natural CBD products.
  • Adult-Use CBD Product Line The adult-use market extension of Peace Naturals' CBD portfolio, featuring all-natural, GMP-certified formulations designed for mental, physical, and emotional wellbeing, drawing on the company's medicinal cannabis experience since 2013. Sold directly to Canadian adult consumers (19+) through the company's website.
  • Medicinal Cannabis Client Services Peace Naturals' licensed-producer services for registered medicinal cannabis clients, including client registration under the Canadian Cannabis Act, ordering and shipping of cannabis products, and healthcare-practitioner-coordinated care and verifications. Targeted at patients in Canada holding a valid medical document from a healthcare practitioner.

Quantifiable outcome

  • Roots in the medicinal cannabis industry since 2013
  • +2 more outcomes

Companies that use The Peace Naturals Project

Customer profile

Segments3 records

Ideal customer profiles2 records

The Peace Naturals Project technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

The Peace Naturals Project partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered flagship — controlling parent / group affiliate relationship and minor — referenced generically without named partners.

  • Cronos Group Inc.flagship — controlling parent / group affiliate relationshipStrategic or Co-development PartnerPeace Naturals Project Inc. is a subsidiary/affiliate controlled by, or under common control of, Cronos Group Inc. The two are grouped together as the "Cronos Obligated Organizations" for accessibility, privacy, and compliance purposes. Cronos Group is also the controller of personal information collected on www.PeaceNaturals.com. This is the central corporate relationship underpinning Peace Naturals' operations.
  • Co-branding Partners (unnamed)minor — referenced generically without named partnersGTM or Marketing PartnerPrivacy Statement notes that Cronos Group/Peace Naturals may partner with other companies to provide content or services on a joint or "co-branded" basis. When users register for a co-branded site or service, registration information may be shared with one or more co-branding partners. No specific co-branding partner names are disclosed in the source material.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

The Peace Naturals Project competitors and assessment

Company assessment

Broad incumbents

  • Tilray Brands: Large publicly-traded Canadian licensed cannabis producer (NASDAQ: TLRY) with a broad medicinal and adult-use portfolio across Canada and internationally. Comparable as a federally licensed Canadian cannabis operator serving both medicinal patients and adult-use consumers, but at significantly larger scale and with deeper SKU breadth.
  • Aurora Cannabis Inc. Major Canadian licensed producer with both medicinal cannabis (Aurora Medical) and adult-use brands. Comparable in regulatory positioning, GMP-equivalent manufacturing, and patient-versus-consumer segmentation, but at materially larger scale with broader international ambitions.
  • Canopy Growth Corporation: One of Canada's largest federally licensed cannabis producers with major CBD and THC brands (e.g., Tweed, Spectrum Therapeutics). Comparable as a Canadian licensed producer serving medicinal patients and adult-use consumers, but operating at a much larger scale and across multiple geographies.
  • Cronos Group Inc. Peace Naturals' controlling parent and broader Canadian cannabis operator (NASDAQ: CRON). Directly comparable as a federally licensed Canadian cannabis producer with overlapping medicinal and adult-use offerings, but operates as a multi-brand portfolio rather than a single, focused CBD brand.

Emerging players

  • Decibel Cannabis Company: Canadian licensed cannabis producer focused on premium, craft-style flower and pre-roll products for the Canadian adult-use market (TSX: DB). Comparable as a smaller-scale, quality-focused Canadian licensed producer competing for similar adult-use shelf and patient relationships.
  • Charlotte's Web Holdings: US-focused CBD wellness brand built around full-spectrum hemp extract products (tinctures, capsules, topicals). Comparable to Peace Naturals in product format (CBD tinctures), positioning around quality and transparency, and direct-to-consumer GTM, though primarily serves the US hemp-derived CBD market rather than Canadian regulated cannabis.

Direct peers

  • OrganiGram Holdings Inc. Canadian licensed cannabis producer (NASDAQ: OGI) with both medicinal and adult-use product lines sold across Canadian provinces. Comparable as a focused Canadian producer competing for the same licensed-producer retail shelf space and patient registrations as Peace Naturals.
  • HEXO Corp: Canadian licensed cannabis producer with medicinal and adult-use offerings, including CBD-forward products. Comparable to Peace Naturals in regulatory status, target market (Canadian medicinal patients and adult-use consumers), and product focus, though currently undergoing portfolio restructuring.
  • Village Farms International: Canadian-headquartered, vertically integrated cannabis and produce operator (NASDAQ: VFF) with Canadian cannabis brands and CBD products. Comparable as a Canadian licensed producer with cultivation, extraction, and branded product capabilities overlapping Peace Naturals' medicinal and adult-use CBD offerings.

Regional players

  • ABcann Global (now Vivo Cannabis / Canna Farms): Canadian licensed producer operating medicinal and adult-use brands including Canna Farms and Beacon Medical. Comparable as a federally licensed Canadian producer serving medicinal patients and adult-use consumers with quality-focused, GMP-aligned operations.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

The Peace Naturals Project social profiles

Digital presence

The Peace Naturals Project compliance and trust

Trust signal

Compliance5 records

The Peace Naturals Project financial estimates

Financial estimate

Revenue estimate

Valuation estimate

The Peace Naturals Project leadership team

Management profile

Number of profiles

The Peace Naturals Project funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

The Peace Naturals Project M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about The Peace Naturals Project

What does The Peace Naturals Project do?

The Peace Naturals Project is a Canadian licensed cannabis producer that cultivates, manufactures, and sells GMP-certified CBD and medicinal cannabis products to Canadian adult-use consumers and registered medicinal patients. Its flagship consumer offering is the Peppermint CBD Tincture Oil (CBD extract blended with high-quality MCT oil and natural peppermint flavour), backed by licensed-producer operations under the Canadian Cannabis Act.

Is The Peace Naturals Project a public or private company?

The Peace Naturals Project is a private company. It is classified as corporate owned and is currently operating.

When was The Peace Naturals Project founded?

The Peace Naturals Project was founded in 2013. It employs 101 to 250 people.

Where is The Peace Naturals Project based?

The Peace Naturals Project is headquartered in Stayner, Canada, in the North America region.

How does The Peace Naturals Project make money?

Two revenue lines are on record. Cannabis Product Sales (Adult-Use CBD) is the primary driver. The others are medicinal Cannabis Client Sales.

Who are The Peace Naturals Project's main competitors?

Broad incumbents on record are Tilray Brands, Aurora Cannabis Inc., Canopy Growth Corporation and Cronos Group Inc.. Emerging players are Decibel Cannabis Company and Charlotte's Web Holdings. Direct peers are OrganiGram Holdings Inc., HEXO Corp and Village Farms International. ABcann Global (now Vivo Cannabis / Canna Farms) is listed as a regional player.

Does The Peace Naturals Project have an API?

No public API is recorded for The Peace Naturals Project.

What industry is The Peace Naturals Project in?

The Peace Naturals Project's product category is Cannabis & CBD Products. Its primary akta.pro industry code is CRANAFAB, Medical Cannabis Dispensaries, with a secondary code of CRANAFAA, Adult-Use (Recreational) Cannabis Dispensaries. Its NAICS code is 325411 and its SIC code is 2833.

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Live signals
GlobeNewswireCronos Group Takes First Step in Global Expansion: Peace Naturals Project Exports to GermanyCronos Group's subsidiary Peace Naturals shipped its first export of medicinal marijuana to Germany, partnering with Pedanios GmbH. The export follows German approval for distribution and upcoming legislative changes to classify marijuana as a prescribable narcotic medicine. The company expects demand to grow rapidly.GlobeNewswirePharmaCan Acquires Peace Naturals Project Inc.PharmaCan acquired all outstanding shares of Peace Naturals Project Inc. through its subsidiary Hortican, becoming the first Canadian company to own and operate licensed marijuana producers under the ACMPR in Ontario and British Columbia. Peace, licensed in 2013, operates a 38,000 sq. ft. facility in Ontario. The company plans to expand production and prepare for the recreational market.GlobeNewswirePharmaCan Announces Closing of Second Tranche of Non-Brokered Private PlacementPharmaCan Capital Corp. closed the second tranche of its non-brokered private placement, issuing 22,902,359 common shares at CAD$0.35 each for gross proceeds of approximately CAD$8,015,825.65. The proceeds will fund the acquisition of Peace Naturals Project Inc. and general corporate purposes.GlobeNewswirePeace Naturals Project to Convert National Clinic Network to Peace Naturals Whole Health CentersPeace Naturals Project Inc. entered a Letter of Intent on February 17, 2016, to acquire exclusive co-naming rights and convert Novo Healthnet clinics to Peace Naturals Whole Health Centers. Novo, serving over 1 million Canadians since 1996, will be rebranded under the new whole health model. The alliance gives Peace Naturals shareholders an established business and interest in Canada's third-largest preferred provider network of rehabilitation clinics.GlobeNewswirePharmaCan Provides Update on the Closing of Sale of Shares of Peace NaturalsPharmaCan announced that the proposed sale of Barnes Family Trust's shares in The Peace Naturals Project Inc. did not close on December 11, 2015. The parties remain in discussions, and PharmaCan's right of first refusal remains in force if the sale does not close by January 12, 2016.GlobeNewswirePharmaCan Notified of Update on the Closing of Sale of Shares of Peace NaturalsPharmaCan was notified that the sale of Barnes Family Trust's shares in Peace Naturals is scheduled to close on December 11, 2015, with an estimated share price of $7.33. A $2.5 million holdback will be retained pending contingent liabilities, leaving an estimated distribution of $6.38 per share. PharmaCan will exercise its tag-along rights to sell its 662,992 shares.GlobeNewswirePhamaCan Announces Notice of Exercising Tag Along Rights to Participate in the Sale of All of Its Shares in Peace NaturalsPharmaCan announced it will exercise tag along rights to participate in the Barnes Family Trust's sale of all its shares in Peace Naturals. The company owns 662,992 shares, with a purchase price expected at or above $7.00 per share. Completion is subject to TSX Venture approval and other risks.GlobeNewswirePeace Naturals Project Inc. Becomes First MMPR Licensed Producer to Receive 2nd Annual Health Canada Issued License RenewalPeace Naturals Project Inc. received its second Health Canada license renewal on October 30, 2015, under the Marihuana for Medical Purposes Regulations. The company, which received its first license on October 29, 2013, underwent a multi-day review and was granted the 2015 renewal. CEO Mark Gobuty expressed gratitude and looked forward to introducing non-combustible cannabis solutions.GlobeNewswireThe Peace Naturals Project Has Received Guidance From Health Canada for the Forthcoming Production and Sale of Medical Cannabis Oils Under the MMPRHealth Canada issued guidance allowing licensed producers to produce and sell medical cannabis oils under the MMPR, following a Supreme Court ruling. Peace Naturals, the first licensed producer, will be the first to request regulatory inspection and approval of its production methods.GlobeNewswirePeace Naturals Project Inc. Receives Health Canada Approval and Licencing on First Phase Production ExpansionPeace Naturals Project Inc. received Health Canada approval to begin medical cannabis production in its first new facility on March 31, 2015. The approval enables the company to more than double its current production capacity, with a second building expected to be completed within three months.