Mantra Pharma
Mantra Pharma Inc. is a Canadian publicly reporting pharmaceutical company that markets and distributes prescription drugs and natural health products in Canada, and is pursuing AI-driven pharmaceutical and medical asset acquisitions globally as a subsidiary of Emcure Pharmaceuticals via Marcan Pharmaceuticals.
- Company typePrivate
- Founded2020
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Mantra Pharma does
Mantra Pharma Inc. is a publicly reporting Canadian pharmaceutical company incorporated in Quebec with its registered office in Vancouver, British Columbia. The company markets and distributes prescription drugs and natural health products to healthcare providers and patients across Canada, reporting a turnover of CAD 96.67 million in FY2026. Mantra Pharma became an independent publicly reporting entity on September 1, 2020, via a court-approved spin-out from AsiaBaseMetals Inc. (TSX.V: ABZ), and is currently seeking a listing on the Canadian Securities Exchange (CSE).
The company was originally established to pursue a medical marijuana project in Croatia (EU), which was terminated due to Croatia's failure to enact required legislation and disruptions from the Covid-19 pandemic. Since then, Mantra Pharma has shifted its stated strategic focus toward reviewing and acquiring advanced pharmaceutical and medical projects globally, with explicit emphasis on artificial intelligence, while continuing its core distribution operations in Canada.
In July 2026, Marcan Pharmaceuticals Inc., a subsidiary of Indian pharmaceutical company Emcure Pharmaceuticals, acquired all Class E Special Shares in Mantra Pharma for an aggregate consideration of CAD $50 million, consolidating Mantra as a wholly-owned subsidiary within the Emcure group. The company is led by CEO and Chairman Rajinder Chowdhry (CPA, CA), who brings over 35 years of capital markets experience, and CFO Terrylene Penstock with 25+ years in finance and securities. Insiders and management collectively hold approximately 75% of outstanding shares, with the remainder distributed among institutional and long-term shareholders.
Mantra Pharma firmographics
Firmographics- Name
- Mantra Pharma
- Legal name
- Mantra Pharma Inc.
- Website
- https://mantrapharmainc.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Mantra Pharma Inc. is a Canadian publicly reporting pharmaceutical company that markets and distributes prescription drugs and natural health products in Canada, and is pursuing AI-driven pharmaceutical and medical asset acquisitions globally as a subsidiary of Emcure Pharmaceuticals via Marcan Pharmaceuticals.
- Ownership category
- akta.pro rank
Mantra Pharma industry classification
Industry- Product category
- Pharmaceutical Distribution
- NAICS
- Drugs and Druggists' Sundries Merchant Wholesalers (424210)
- SIC
- Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)
- akta.pro primary industry
- Specialty Pharma & Biologics Distribution (GDP-compliant) (HLAGAMAD)
Keywords
Where Mantra Pharma is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Mantra Pharma business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Pharmaceutical Distribution: Mantra Pharma Inc. generates revenue through marketing and distribution of prescription drugs and natural health products. The company reported a turnover of CAD 96.67 million in FY2026. As a subsidiary of Emcure Pharmaceuticals (via Marcan Pharmaceuticals acquisition for CAD 50 million), the company operates within the pharmaceutical distribution and marketing sector in Canada.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Mantra Pharma product offering
Product offeringCore offering
Mantra Pharma Inc. markets and distributes prescription drugs and natural health products in Canada. The company reports a turnover of CAD 96.67 million in FY2026 and operates as part of the Emcure Pharmaceuticals group following Marcan Pharmaceuticals' acquisition. The company is also actively reviewing advanced pharmaceutical and medical projects for acquisition with emphasis on artificial intelligence (AI).
Product overview
Mantra Pharma Inc. is a publicly reporting pharmaceutical company based in Quebec, Canada, focused on the marketing and distribution of prescription drugs and natural health products. The company operates as part of the Emcure Pharmaceuticals group following Marcan Pharmaceuticals' acquisition of full ownership in July 2026. The core offering consists of pharmaceutical distribution services generating CAD 96.67 million in FY2026 turnover. The company is strategically pivoting toward AI-driven pharmaceutical and medical asset acquisition, having terminated its medical marijuana project in Croatia and now seeking advanced pharmaceutical projects globally with emphasis on artificial intelligence integration.
Differentiator
Problem solved
Functional benefit
Products and services
- Prescription Drugs Marketing and Distribution Marketing and distribution of prescription drugs in Canada, generating CAD 96.67 million in FY2026 turnover, primarily serving healthcare providers and pharmacies throughout Canada via the Emcure Pharmaceuticals group distribution network.
- Natural Health Products Marketing and distribution of natural health products in Canada, forming part of the company's core pharmaceutical operations alongside prescription drugs.
Companies that use Mantra Pharma
Customer profileSegments1 record
Ideal customer profiles1 record
Mantra Pharma technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Mantra Pharma partnerships and signals
Strategic signalScale indicators4 records
Recent moves7 records
Expansion highlights4 records
Mantra Pharma competitors and assessment
Company assessmentDirect peers
- Jamp Pharma Group: Jamp Pharma is a Canadian pharmaceutical company specializing in generic drug distribution and marketing. Comparable to Mantra Pharma in Canadian pharmaceutical distribution and prescription drug marketing.
- Pharmascience Inc. Pharmascience is a Canadian pharmaceutical manufacturer and distributor of generic and consumer health products. Directly comparable to Mantra Pharma in Canadian pharmaceutical distribution and natural health products.
- Apotex Inc. Apotex is Canada's largest pharmaceutical company producing generic and biosimilar medicines. Operates in Canadian pharmaceutical manufacturing and distribution, overlapping with Mantra's prescription drug distribution activities.
- Marcan Pharmaceuticals Inc. Marcan Pharmaceuticals is a Canadian pharmaceutical company specializing in distribution and marketing of generic and branded products, and is the parent company of Mantra Pharma within the Emcure group. Directly comparable in Canadian pharmaceutical distribution and marketing activities.
- Emcure Pharmaceuticals: Emcure Pharmaceuticals is the Indian parent company of Marcan Pharmaceuticals and Mantra Pharma. Operates in pharmaceutical manufacturing and distribution globally, providing the supply chain and product portfolio that Mantra markets in Canada.
Broad incumbents
- McKesson Canada: McKesson Canada is a major wholesaler of pharmaceuticals and medical supplies across Canada. Comparable to Mantra Pharma as a Canadian pharmaceutical distribution company, though it operates at significantly larger scale and breadth.
- Teva Canada: Teva Canada is the Canadian arm of Teva Pharmaceutical Industries, a major global generic drug manufacturer and distributor. Comparable to Mantra Pharma in Canadian prescription drug distribution and marketing.
- Bausch Health Companies Inc. Bausch Health is a Canadian-headquartered pharmaceutical company with operations in drug development, manufacturing, and distribution. Comparable as a Canadian-domiciled pharmaceutical company with prescription drug distribution activities.
- AmerisourceBergen Canada (Cencora): Cencora (formerly AmerisourceBergen) is a global pharmaceutical distribution and services company with Canadian operations. Operates in the same pharmaceutical wholesale and distribution space as Mantra Pharma, with established networks for prescription drug distribution.
Regional players
- Knight Therapeutics Inc. Knight Therapeutics is a Canadian specialty pharmaceutical company focused on acquiring, licensing, and commercializing pharmaceutical products. Comparable to Mantra's strategic ambitions of acquiring and marketing pharmaceutical assets in Canada.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Mantra Pharma social profiles
Digital presenceMantra Pharma financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mantra Pharma leadership team
Management profileNumber of profiles
Profiles2 records
Mantra Pharma funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mantra Pharma M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mantra Pharma
What does Mantra Pharma do?
Mantra Pharma Inc. markets and distributes prescription drugs and natural health products in Canada. The company reports a turnover of CAD 96.67 million in FY2026 and operates as part of the Emcure Pharmaceuticals group following Marcan Pharmaceuticals' acquisition. The company is also actively reviewing advanced pharmaceutical and medical projects for acquisition with emphasis on artificial intelligence (AI).
Is Mantra Pharma a public or private company?
Mantra Pharma is a private company. It is classified as corporate owned and is currently operating.
When was Mantra Pharma founded?
Mantra Pharma was founded in 2020. It employs 1 to 10 people.
Where is Mantra Pharma based?
Mantra Pharma is headquartered in Vancouver, Canada, in the North America region.
How does Mantra Pharma make money?
One revenue line is on record: pharmaceutical Distribution.
Who are Mantra Pharma's main competitors?
Direct peers on record are Jamp Pharma Group, Pharmascience Inc., Apotex Inc., Marcan Pharmaceuticals Inc. and Emcure Pharmaceuticals. Broad incumbents are McKesson Canada, Teva Canada, Bausch Health Companies Inc. and AmerisourceBergen Canada (Cencora). Knight Therapeutics Inc. is listed as a regional player.
Does Mantra Pharma have an API?
No public API is recorded for Mantra Pharma.
What industry is Mantra Pharma in?
Mantra Pharma's product category is Pharmaceutical Distribution. Its primary akta.pro industry code is HLAGAMAD, Specialty Pharma & Biologics Distribution (GDP-compliant). Its NAICS code is 424210 and its SIC code is 5122.