DOJA Cannabis (DOJA) is a licensed producer of medical cannabis in Canada. The company was formed by the entrepreneurial team that started SAXX, an underwear company that grew to become amongst the most popular brand in North America. The company aims to develop a powerful culture-based brand.
DOJA Cannabis – Volume 013
The company received its license on June 16, 2017, to only cultivate marijuana and was listed on the Canadian Securities Exchange (CSE) on August 9, 2017. So far, DOJA has not recorded any sales as they are awaiting approval from Health Canada for a sales and distribution license after submitting their first harvests.
DOJA operates a 7,100 square foot facility in the heart of British Colombia where they grow hand-crafted strains. They recently acquired a 22,580 square foot facility which will be used to construct an oil extraction facility and improve DOJA’s output by 4,500kg per year.
Trent Kitsch – CEO & Co-Founder
Mr. Kitsch has an MBA from the Richard Ivey School of Business with a major in Entrepreneurship. Over the years, he founded two companies; SAXX Underwear Co. in 2007 and Kitsch Wines in 2013. He managed to spearhead SAXX into the fastest growing underwear brand in North America.
Ryan Foreman – President & Co-Founder
Mr. Foreman has over 15 years of experience working with influential brands and industry disrupters in the e-commerce sector. He specializes in managing and developing highly-effective teams for executing a wide range of a company’s business aspect. These include; website development, online marketing, fulfillment, system integrations, domestic and international compliance.
Ria Kitsch – Vice President & Co-Founder
Ms. Kitsch holds a Business Honors degree from UBC Okanagan. She served as the head of marketing for SAXX Underwear Co. after which she moved to WaterPlay Solutions Corp where she proved to be a top-notch salesperson. She brings strong customer skills and focuses on the target market.
Jeff Barber – CFO
Mr. Barber is a CFA charter holder with an MBA in Finance and Economics from the University of Alberta. He started his career working at Deloitte and has since then gained a lot of experience raising capital for different firms and advising on M7A transactions. He worked as an investment banker with Raymond James Ltd. and Canaccord Genuity Corp. He is also the co-founder and former managing partner of M&A from 2012 to 2016.
Location and Facilities
Currently, DOJA operates its 7,100 sq. ft. phase I facility in West Kelowna, BC. The facilities were acquired on October 2016 and comprise of three identical grow rooms each with a production capacity of 220kg per year making a combined output of 660kg per year after the retrofitting was complete by early 2017. This translates to a potential annual revenue of over $7.9 million.
The company is currently in its final stages of designing its second phase of expansion which is set to expand the facilities by over 43,000 sq. ft. of growing space with a forecasted output of over 5,000kg per year. Excluding oils, this represents a potential revenue of $60 million per year. The phase II expansion will also include a cannabis oil extraction facility. this represents over 760% increase in production capacity compared to the existing production facilities.
On November 2, 2017, DOJA started implementing Phase II of the expansion plans after announcing that it had finalized acquiring a 22,580 sq. ft. commercial building in Kelowna dubbed the Future Lab. The building is for the purposes of building a state-of-the-art oil extraction facility and application for approval from Health Canada.
DOJA received its first license to grow cannabis under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR) on June 16, 2017. DOJA is currently working on its first batches of cannabis and completing the regulatory requirements to be able to start selling and distributing.
On December 11, 2017, DOJA, through its wholly-owned subsidiary, received an import permit from Health Canada allowing the company to import one shipment of cannabis seeds. The license is due for expiry on December 31, 2017.
Sales and Products
At the time of writing, DOJA did not have any sales figures since they still do not own a sales and distribution license. However, the company recently completed its first cannabis harvests on November 2, 2017, and requested Health Canada for a Pre-Sales License Inspection.
To prepare for when they will be ready to sell, DOJA is opening cannabis information centers and artisanal coffee shops named DOJA Culture Café to pre-register clients. The cafés feature branded clothes, coffee, and accessories.
Partners and Subsidiaries
On August 3, 2017, DOJA (formerly SG Spirit Gold Inc.) announced the completion of a three-cornered amalgamation between the company, Northern Lights Marijuana company and NLMCO Acquisition Corp. which was formed for the sole purpose of conducting the transaction. As per the terms of the agreement, the company changed its name to DOJA Cannabis Company Limited. Immediately after the completion of the acquisition, the company consolidated its outstanding and issued share capital on a 1-for-3 basis.