Avicanna Inc.
Avicanna Inc. (TSX: AVCN) is trading at CA$0.11, about ₹7 at today's CAD/INR rate, as of 29 Sep 2026, 3:59 PM ET. Indian residents can buy Avicanna from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$0.10
Today's high
CA$0.11
52 week low
CA$0.10
52 week high
CA$0.30
AVCN opened at CA$0.10, closed previously at CA$0.11, and has traded between CA$0.10 and CA$0.30 over the past 52 weeks.
About
Avicanna Inc., a biopharmaceutical firm headquartered in Toronto, Canada, and founded in 2016, is actively engaged in the research, development, and commercialization of scientifically validated products for both global medical and consumer health markets. The company's comprehensive scientific framework encompasses R&D and clinical trials, often undertaken in collaboration with Canadian academic and medical institutions. This effort has yielded around twenty commercialized products spanning four primary market categories. These offerings include medical and wellness items under the RHO Phyto brand, featuring cannabinoids such as CBD, CBG, and THC; CBD-infused topical and derma-cosmetic products marketed under the Pura H&W and Pura Earth labels; and bulk cannabis and hemp-derived raw materials like dried flowers, standardized seeds, full-spectrum extracts, cannabinoid distillates, and isolates, provided through the Aureus brand. Additionally, Avicanna is advancing a pharmaceutical pipeline focused on treatments for conditions including epidermolysis bullosa, dermatological ailments, chronic pain, and various neurological disorders. A notable research partnership with Dr. Christine Allen's Research Group is dedicated to developing a cannabinoid-based therapy for lung inflammation linked to COVID-19.
Key statistics
Avg. volume
48.06K
Market cap
CA$13.21M
P/E Ratio
-3.24
Price-to-sales ratio
0.52
Enterprise value
CA$25.53M
Free cash flow yield
-5.57%
Debt-to-equity ratio
0.04
Return on equity
-100.02%
ROIC
-22.51%
Beta
0.34
Dividend yield
0.00%
Last dividend
CA$0.00
Financial overview
Revenue
CA$25.48M
Earnings per share
-CA$0.02
Free cash flow
-CA$1.44M
Net profit margin
-15.45%
Gross margin
51.87%
EBITDA
-CA$1.97M
Revenue growth
0.08%
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This is not an investment recommendation
How to buy Avicanna from India
Indian residents can buy Avicanna shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to CAD.
Search for Avicanna and place an order
Find Avicanna by name or by its ticker, AVCN, and choose an order type. Avicanna trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Avicanna position in CAD and INR. Avicanna pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Avicanna from India
Trading and taxes when buying Avicanna from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneAvicanna does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Avicanna stock?
Yes. Avicanna (AVCN) has been listed on the Toronto Stock Exchange since 2019, in the Drug Manufacturers - Specialty & Generic industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Avicanna share cost in rupees?
One Avicanna share is CA$0.11 — about ₹7 at a CAD/INR rate of 67.65 on 29 Sep 2026. Both the Avicanna price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Avicanna from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Avicanna shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the CAD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Avicanna price. Paasa issues a capital-gains statement for your return.
Does Avicanna pay a dividend?
No. Avicanna does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Avicanna from India?
The Toronto Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when Canada is on standard time. Orders can only execute during that window.
Do I have to declare Avicanna shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Avicanna holding, its cost and its closing value.
How do I sell Avicanna and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in CAD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on Avicanna?
Yes. Avicanna is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.