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Brand heavy. Asset light.
A profitable house of cannabis brands.
While much of the sector restructures, Mercanto has stayed lean, stayed disciplined, stayed profitable.
We're not cannabis farmers. We read what Québec actually buys, find the gap on the shelf, and make the product that fills it — under whichever of our brands fits that product and that consumer. Others try to get listed for what they make. We make what gets listed.
We own the brands, the listings and the customer relationship. Capital goes to brands and shelf space.
Every product starts with SQDC sell-through data, not instinct. Hash, pre-rolls, edibles, capsules, vapes — each launched where the numbers pointed.
Our own Health Canada licence and quality team sign off every lot before it ships.
No equity raised since 2021. No long-term debt. Excise current.
Flexible where producers are fixed. That is the whole idea.
Canada's fourth-largest cannabis market and the only one still growing: one government retailer, 113 stores, and a listing process that rewards suppliers who deliver. While other provinces contract, Québec grew — and vapes, a category opened in November 2025, already represent 6.5% of SQDC sales. Mercanto has sixteen products listed at the SQDC, including three of the thirty vape cartridges.
How we got here →Six brands, each with its own consumer. We find the product the shelf is missing, then put it under the brand that fits. Together: vapes, hash, capsules, pre-rolls, flower, edibles, pouches and topicals — sold only through the SQDC, the OCS and select medical platforms.