In May 2019, Ventura acquired Amerlight, a Portland dispensary that will provide a model for its California dispensaries, for US$470,000.Ĭurrrently, Ventura’s strategy is to focus solely on the California market, where it plans to establish a network of dispensaries with owner-operators. The company recently executed a key transaction designed to serve as a template for its operations going forward.
#AMBERLIGHT CANNABIS FULL#
At full capacity, Ventura estimates CannaSun to generate US$12 million in total annual revenue. Launched in November 2018, CannaSun is projected to pull in US$750,000 in total annual revenue just from its first-generation products sold in a small area of Los Angeles.
Ventura is hoping to address the market with its CannaSun line of cannabis products, a revenue-generating company that currently sells vapes and oils in local Los Angeles. The company launched into the cannabis industry after a shareholder vote in April 2019 approving the change in business from addiction treatment to cannabis.īased in Los Angeles, the company has ambitious plans to market its products to significant yet overlooked consumer segments: senior citizens, upwardly mobile middle-aged professionals and individuals suffering from addiction.Īccording to Ventura, the aforementioned groups are looking for “discrete and well-designed” products that also provide and accurate dosage of THC. Ventura Cannabis and Wellness Corp ( CSE:VCAN) is a vertically integrated, California-focused cannabis company currently building its distribution channels via revenue sharing agreements with dispensaries. Strong sales from in-house cannabis brand forecast to bring in US$12 million in potential annual revenue Vertically integrated cannabis company with a unique, revenue-generating business modelĭeep pipeline of acquisition targets and a proven model
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