Lifestyle

Ayurcann Holdings Is Leading in The Canadian Cannabis Industry By Creating New Ventures

Published

4 years ago

October 6, 2021

A Toronto-based company is making their mark in the Canadian cannabis sector by creating a niche in the booming market.

Ayurcann Holdings Corp has a unique business model that provides post-harvest solutions for licensed producers. Their B2B processing facility located in the GTA offers many services for Canadian licensed cannabis producers. These services include extraction, white label manufacturing and refining cannabis into oil.

Ayurcann has created an exclusive Marketplace where they sell oil-infused products, which include vape products, topicals and tinctures (herbal extracts) thereby giving licensed producers an opportunity to sell their product.

The company was founded by Igal Sudman and Roman Buzaker in 2018 who was granted his license in 2020. His company went public earlier this year and now can be found on the stock market (AYUR).

“As an entrepreneur to recognize opportunities is paramount to success, being able to run a profitable and successful growing company in the cannabis space has not been done until Ayurcann,” Sudman said.

With Sudman’s 20 years of experience in founding and developing businesses featured on Canadian Profit 50 and knows what it means to be a visionary.

We had a chance to speak with Sudman and discuss what differentiates Ayurcann from other companies and his new ventures within the Ayurcann Marketplace.

Can you tell us what differentiates your company from other cannabis companies?

“We are focused on value and growth. We understand that running a successful company is being focused on the bottom line and being responsible to create and sell products that the consumers demand, our ability to run a profitable and growing company has not been done in the cannabis space in Canada.”

What is the Ayurcann Marketplace and how can the public access the marketplace?

“The marketplace is a patient only portal where medical patients with prescriptions can learn more about the cannabis products available, interact directly with our patient support staff and select value life enhancing cannabis products. It is available online now. Ayurcann takes its responsibility very seriously when it comes to patients, their security, privacy, and requirements. To use the marketplace, a potential patient needs to register by filling out the Patient Registration Form and be able to provide their medical documents. An Ayurcann Marketplace patient support staff then verifies and confirms the provided information with the health practitioner that prescribes the use of cannabis and if confirmed, approves the use and purchase ability of the patient. “

Can you go into detail about Ayurcann Marketplace and how it helps potential licensed producers?

“The ability to offer a variety of products directly to patients, create your own marketing and set your own prices helps other Licensed producers to move products quickly and more profitability then dealing with only one monopolized system in the recreational space.”

How is the marketplace bettering patients who are using medical marijuana?

“The marketplace is a patient only portal where medical patients with prescriptions can be educated and learn more about the various cannabis products available, interact directly with our patient support staff and select enhancing cannabis products. It is available online now. It helps concentrate the offerings from a variety of producers throughout the country, providing selection and better value to patients, like an Amazon model.”

What are some opportunities or gaps you saw when it comes to providing patients who need to use medical marijuana for medicinal purposes?

“Current structure of patient uses, and purchase patterns works where the patients deal with one Licensed producer and their offerings only, an Amazon model like Ayurcann marketplace enables for a more competitive and wider selection for the patients and enhances their ability to be more selective and save money on their cannabis consumption.”

Can you go into details what are the six new products from Fuego and your new Xplor brand?

“We make recreational and medical based products that bring a wide variety of brands into the Canadian marketplace, The Fuego brand specializes in a high potency recreational use vape products and the Xplor brand is focused on the oil-based tincture products for medical use.”

Can you tell us what’s the Xplor brand and the concept behind this new brand?

“We felt that having a medical based product and brand will distinguish us from the current market offerings. The Xplor is intended to provide a variety of products with THC and CBD in high potency dosage for medical patients.”

Lifestyle

Derik Fay: The Quiet Architect of Impact-First Entrepreneurship

Published

1 week ago

May 8, 2025

Michelle Langton

In an era where noise often overshadows results, Derik Fay is quietly shaping a different kind of legacy — one built not on showmanship, but on undeniable substance. For more than two decades, Fay has engineered the rise of over 30 companies across industries as diverse as real estate, technology, healthcare, and entertainment. Yet his name rarely leads headlines — not because he hasn’t earned it, but because he never needed it to validate his success.

Growing up in Rhode Island, Fay learned early that the world rarely hands out opportunity; it must be seized, created, and multiplied. While many of his peers pursued traditional paths, he took a risk that would define the rest of his life: at just 22, he founded 3F Management, a venture firm with an entirely different mission — to build companies that would outlast trends, outperform markets, and, most importantly, out-impact their competition.

Instead of obsessing over short-term wins, Fay approached entrepreneurship like a craftsman. Much like Henry Ford, who famously said, “A business that makes nothing but money is a poor business,” Fay built companies that weren’t just profitable — they were purposeful. Every venture was designed to create real, sustainable value, both for shareholders and for the communities they served.

Through his relentless focus on structure and leadership, Fay’s ecosystem of businesses now touches thousands of lives daily — from employees finding new opportunities to entrepreneurs gaining the mentorship they never had before. But unlike typical moguls who boast about headcounts, Fay views every job created as a ripple in a larger mission: empowering individuals to write better futures for themselves.

Where others have scaled fast and crashed harder, Fay’s model thrives on foundations few are patient enough to build anymore. His method is slower, smarter, and almost surgical: find what others overlook, fix what others fear, and grow what others abandoned too early. It’s this principle that led him to not just build companies — but to resurrect them, reimagine them, and sometimes even walk away if the mission no longer aligned with the impact he envisioned.

Fay’s philosophy extends far beyond boardrooms. Philanthropy isn’t a checkbox at the end of his success story — it’s embedded into the way he scales. His ventures are built with giving back written into their DNA, from local community initiatives to broader mentorship platforms that help emerging entrepreneurs get their first real shot at success. His life’s work is proof that wealth and generosity are not mutually exclusive — they are, in fact, essential partners.

Today, while newer generations of entrepreneurs hustle for likes and magazine covers, Fay’s name is whispered in rooms where real power moves. His reputation — built quietly but relentlessly — is that of a man who delivers, builds, and elevates without the need for public validation.

In a business world increasingly built on spectacle, Derik Fay reminds us that the most lasting legacies are forged not in the glare of the spotlight, but in the thousands of lives changed quietly along the way.

For more insights into Derik Fay’s ventures and philanthropic efforts, visit www.derikfay.com and follow him on Instagram @derikfay