Cannara to sell five vape cartridge products in Quebec

Executive Summary

• Cannara Biotech Inc. has received preliminary acceptance from the Société Québécoise du Cannabis (SQDC) for five vape cartridge products, including its first entry into the live rosin category.
• The products are scheduled for distribution across all 107 SQDC retail stores and online in November 2025 (Q1 FY2026).
• The five approved SKUs represent 20% of the 25 vape cartridge SKUs the SQDC plans to distribute by the end of the calendar year, marking Cannara's entry into Quebec, the last major Canadian province to allow vape cartridges.

Key Details

• Products Approved: Five vape cartridge SKUs, specifically live resin and live rosin formats.
• Launch Timeline: November 2025 (Q1 FY2026).
• Distribution Channels: All 107 SQDC retail stores and SQDC’s e-commerce website.
• Market Share Context: The five SKUs account for 20% of the 25 total vape cartridge SKUs the SQDC intends to distribute in-store by year-end.
• Product Specifications: The live rosin vapes are solventless, made from flower grown, flash-frozen, and extracted entirely in-house at Cannara’s Valleyfield and Farnham facilities in Quebec.
• Market Opportunity Data:
  • SQDC reported $741.5 million in revenue for the Quebec market in 2024.
  • 25% of Quebec consumers vaped in the past year; 28% of those vaped at least weekly.
  • The vape segment represents approximately 15% of total sales in Alberta, Ontario, and British Columbia, suggesting significant untapped growth potential in Quebec.
• Company Capacity: Cannara operates two facilities in Quebec spanning over 1.65 million square feet with 100,000 kilograms of potential annualized cultivation output.

Notable Quotes

• "We are incredibly proud to announce our preliminary approval of five live resin and live rosin vape cartridges to be distributed across Quebec's 107 retail stores. These five SKUs represent 20 per cent of the 25 vape cartridge SKUs the SQDC plans to distribute in-store by calendar year-end." — Zohar Krivorot, President and CEO
• "We are excited to enter Quebec's vape cartridge category launch with our most popular strains in live resin format. Our vertical processes and strong R&D have enabled the creation of vape formulations with no additives... and look forward to offering the same premium-quality vape cartridge experience to customers in our home province of Quebec, the last major province to allow vape cartridges." — Nicholas Sosiak, CFO
• "This launch of live rosin vapes represents the culmination of months of research and development around genetic selection, process refinement and hardware... see opportunity for further provincial rollouts in the future." — Nicholas Sosiak, CFO