C21 Investments Inc.

C21 Investments Inc. is a vertically integrated cannabis company that cultivates, processes, distributes, and sells quality cannabis and hemp-derived consumer products in Nevada, U.S.A. The company focuses on creating value by acquiring and integrating retail, manufacturing, and distribution assets in strategic markets. It leverages retail revenues and branded consumer packaged goods (CPG) with high growth potential across multiple markets. C21 Investments Inc. targets scalable opportunities in key markets by focusing on retail operational excellence and expanding its retail footprint through value-add acquisitions in existing markets. It also expands its branded CPG through both its own retail stores and wholesale channels. The company acquires businesses that contribute immediately to profitability or have a path to profitability within twelve months, where it can utilize existing assets, brands, and expertise. The company currently holds licenses in Nevada that cover the entire cannabis supply chain. Through its Silver State operations in Nevada, C21 Investments Inc. operates an indoor cultivation and processing facility spanning 104,000 square feet. This facility includes 37,000 square feet for cultivation and 1,200 square feet for volatile extraction. In April 2022, Silver State completed a $3 million expansion of its grow facility, which more than doubled its annual capacity to 11,500 pounds of biomass, consisting of 8,100 pounds of flower and 3,300 pounds of trim. An additional 30,000 square feet of cultivation can be built out for future expansion of the Nevada retail footprint, projected to produce an additional 6,000 pounds per annum of high-quality flower. The company's extraction processing supports branded CPG for both its own retail and wholesale channels. Silver State manufactures Hood Oil cartridges, Phantom Farms pre-rolls, and flower strains, along with Silver State branded products such as Flower, pre-rolls, and concentrates.