Company Overview
Snapshot
Founded in October 2019 by Asher Holtzer, Stickit Labs is a public company with 1-10 employees. The company has raised $3.95M across 3 funding rounds and went public on the CSE in September 2022.
Business overview
Stickit Labs operates within the Health Tech & Life Sciences sector, focusing on Pharma & Medical Biotechnology and Medical Cannabis. The company develops cannabis sticks designed to be inserted into tobacco cigarettes, transforming them into joints. These sticks offer various flavors and effects, providing accurate, measured, and consistent doses of cannabis extracts. Stickit Labs targets both recreational and medical consumers, aiming to simplify cannabis consumption and facilitate global regulation.
Strategic signal
In February 2026, Stickit Technologies Inc. successfully closed a non-brokered private placement, raising CDN$722,100. This capital injection is crucial for bolstering the company's working capital and supporting its operations, particularly given its recent financial difficulties. The funding demonstrates continued investor confidence in Stickit's patented cannabis technology and its strategy for global expansion through joint ventures in legal recreational cannabis markets.
Log in to access full profile ›Company Intelligence Q&A
- What was the outcome of Stickit's private placement in February 2026?
- In February 2026, Stickit Technologies Inc. closed a non-brokered private placement, raising CDN$722,100 by issuing 28,884,000 units. Each unit included one common share and one warrant, with the funds intended to support working capital and operations.
- What corporate restructuring did Stickit Technologies Inc. announce in October 2025?
- In October 2025, Stickit Technologies Inc. announced a corporate restructuring plan that included a 10-to-1 share consolidation, reducing outstanding shares from 127,547,356 to 12,754,736. The plan also involved a private placement to raise between $700,000 and $1,050,000, and Capitalink Ltd. acquiring rights to amounts owed by the company to its directors.
- What was the purpose of the share consolidation effective January 2026?
- Effective January 7, 2026, Stickit Technologies Inc. consolidated its common shares at a ratio of one post-consolidation share for every five pre-consolidation shares. This action was taken to increase the company's flexibility and attractiveness to potential investors.
- What was the strategic partnership announced by StickIt in November 2021?
- In November 2021, StickIt signed a cooperation agreement with Hempacco, a subsidiary of Green Globe International, to establish a joint manufacturing facility in California. This facility, with an investment of $750,000, was planned to produce 10 million cannabis sticks per month for the American and Mexican markets.
- When did Stickit Labs go public?
- Stickit Labs went public on the CSE in September 2022.