Our goal is to be at the cutting edge in the medical cannabis industry

Cultivation Icon

CULTIVATION CAPACITY
40 Tons
of dry flower per year

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EXTRACTION
300 Tons
per year

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LOW PRODUCTION COST
0.04 USD
per gram of dry flower

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CAPITAL RAISE
Debenture
successfully closed

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NEO:MCCN
FRA:MO2

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MCCN

We are a Canadian vertically integrated cannabis company with fully licensed operations located approximately 30 minutes from the Colombian capital Bogotá.

As an organization, we believe in the healing power of cannabis and are driven to connect people with accessible products that evolved from traditional preparations into scientifically studied formulas to impart consistency of delivery and effect to consumers.

The firm provides an outstanding opportunity of return on investment. The global outlook of the experienced management team and board of directors means that the company is leveraging the low-cost structure available in Colombia and developing its footprint in high-value markets. MCCN has moved quicker than any of its competitors in its short history to become a global leader in innovative cannabis product exports to the world.

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Why invest?

Responsible use of funds

  • Lower expenditure in G&A and execution compared with Colombian and International peers, while achieving leading cultivation and extraction capacities.
  • Lowest SG&A expenditure per hectare and a total of 0.9M USD.
  • Capital efficient infrastructure with a cost leading model that cannot be rivaled by Canadian or American operators at scale.
  • Expansion of operations during 2019 with a burn rate 63% less among peers.
  • As with any business, experienced management will make the difference for a truly exceptional business.

Constantly Innovating R&D Dept.

An Innovation, Research and Product Development department that produces and updates scientific knowledge permanently. Currently undertaking numerous research and development projects around Propagation, Plant Breeding, Production, Extraction, Formulations, Alliances and a Genetic program with 12 strains registered.

Low Production Cost

  • Reaching less than USD $0.04/gr of dry flower by Q4 2020.
  • 37,000 kg of current production capacity, with a target of 100,000 by end of Q4.
  • Industry Leading Extraction (manufacturing) capacity of 300 Ton of Dry Flower processing per Year; Allowing this business unit to produce low cost raw materials for MCCN but also generate revenues domestically for licensed operators.

Optimal Cost-benefit Ratio

Trading at best prices. Potential price-to-earning ratio is lower than peers.

A broad vision of Business

  • Diversified model of financing and revenue streams to achieve self sustainability in 2021.
  • Secured Strategic Distribution partnerships in key markets in Europe.
  • MCCN poised to enter US market with low cost cannabinoid raw materials in Q2 2021 and launch its branded products in Q4 2020.
  • Manufacturing facility built to EU GMP standards to be licensed by Q4 2020.

Major Milestones

Our Present

Operational

  • Fully licensed operation in Colombia
  • Cultivation capacity for 40 Ton of Dry flower:
    1 ha propagation and postharvest.
    3.7 ha Greenhouse Grow (Including Contract Cultivation w/ Doña Blanca – 2Ha).
    2 ha Outdoors Grow.
  • An Innovation, Research and Product Development department that produces and updates scientific knowledge permanently. Currently undertaking numerous research and development projects around Propagation, Plant Breeding, Production, Extraction, Formulations, Alliances and a Genetic program with 12 strains registered.
  • An operational capacity of 300 tons of raw material per year for internal and third party supply.
  • GACP certified.
  • 14 Cosmetic products registered.
  • 3.2 Million cuttings annual production with capacity to supply over 40 ha – to be used for internal supply and third party commercialization.

Commercial

  • Guaranteed Distribution Agreement with a MINIMUM of 1,000 KG per month to Greenstein Europe.
  • 12 Formulations for 14 medical conditions.
  • Biweekly harvest capacity with a first Commercial harvest of 4 ton of Dry Flower.
  • Launch of Nueva Medicina, a network of clinics for the treatment of various medical conditions to supply exclusive MCCN formulations.
  • 1st commercial extraction.
  • 42 supply contracts for cuttings, that represents 187.900 seedlings, 6.47% of our annual capacity.
  • Lowest production cost of 0.04 USD per gram of dry flower.
  • Product revenue with completed sale and shipment to Germany.
  • Distribution agreement with Greenstein Group for product distribution in Germany.
  • Cannav vapes brand launched in Switzerland.
  • Cannav portfolio includes now dry flower for bulk and end consumers.

Financial

  • Low production cost: 0.04 USD per gram of dry flower.
  • Successfully expanded operations with a significantly low annual burn-rate per hectare: 50% less than the competitors.
  • Low fixed expenses and G&A costs: below CAD$ 1M per hectare vs CAD$ 3.1M competitor average.
  • Debenture financing to bridge operational and commercial phases: CAD$ 1.5M raised.
  • Joint Venture agreement with Doña Blanca for the development of 2 Hectares under a 70% working interest and a total investment of USD $ 1M.
  • Mayor investment of CAD$ 800K by Greenstein Group one of the biggest German companies (1000 kilos a year distribution agreement).

Our Future

Operational

  • Expand cultivation capacity to 7 Ha for production of 100.000 tons of dry flower.
  • Expand to 10 ha. for outdoors hemp cultivation • Achieve 300 ton/year of extraction capacity.
  • GMP EU licensed Extraction facility (Rosin, Cryoethanol, Enzimatic, Butane).
Operational Icon
Commercial Icon

Commercial

  • Nueva Medicina growth to 20 clinics.
  • Commercial launch of magistral preparations, GMP certified.
  • Regional Clinics to provide INVIMA certified magistral preparations.
  • 1st Export of CBD extract.
  • Pharmaceutical product launch.
  • Canada and Colombia product launch.

Financial

  • Developing diversified financing and revenue generating opportunities to achieve self-sustainability.
  • Expand production capabilities while increasing operative efficiencies to further reduce production cost: 0.03 USD per gram of dry flower.
  • Expect to complete Joint Venture agreements for 4 additional hectares under working interest for a total investment of USD $2M.
  • Agronomical evaluations services to be sold for USD $182.500.
  • Extraction services offered to third parties with estimated revenues by year end of USD $887,000 • Bulk Oil sales of Full Spectrum, Isolates and Distillates with estimated revenues by year end of USD $1,800,000.
  • White label THC and CBD consumer products offering to third parties with estimated revenues by year end of USD $1,300,000.
  • Direct sales of consumer products with estimated revenues by year end of USD $50,000.
  • Network of pharmaceutical clinics with estimated revenues by year en of USD $80,000.
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To know more about investing in a leader in the cannabis industry, please download our corporate presentation.

Press Releases

Press Release 10·15·2020

Press Release 9·25·2020

Press Release 9·10·2020

Documents

MCCN Notice of AGM 2020

MCCN Management Information Circular AGM

MCCN Form of Proxy AGM

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