Companies · Pharmaceuticals

CanaQuest Medical Corp.

MISSISSAUGA · Pharmaceuticals

Diligence memoA one-page analyst read on CanaQuest Medical Corp. — recommendation, valuation, rhythm, risks.
$2.0M
Total raised · real
1
Rounds
Latest step-up
Top 73%
Sector rank · raised
Seed
Latest stage · inferred · Wed Oct 26 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

CanaQuest Medical Corp. looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the pharma sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.37× the median modeled value of Seed Pharmaceuticals companies in 2022–2024 (50 peers) — value vs value, same stage and era.
  • Issuer reports no revenue, yet is modeled well above niche peers.
Dormant
  • Last raise 3.7 yr ago; this sector typically re-raises about every 13 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Pharmaceuticals

CanaQuest Medical Corp. is one of 1613 Pharmaceuticals companies tracked from MISSISSAUGA. By capital raised it ranks in the long tail (ahead of 28% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
No revenue
Issuer revenue
Rule 506(c)
Reg D exemption
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MSeed · 2022-10-26 Raised $2.0M (real) Modeled valuation $23M (est)$2.0M$23MSeed2022

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$2.0M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$22.8M
Base estimate est.
$1.5M
Conservative case
$95.6M
Upside case
$10.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
34%
Survival probability
15% low · 52% high
1.68×/yr
Annual markup
2.20×/yr upside case
3.7 yr
Elapsed time used
3.7 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
3.7 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.2× of median
This company$2.0M
Sector median$8.1M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.2× above median
This company$2.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$22.8M
Sector median$76.1M

Raised more than 28% of sector peers (real $). Modeled value above 29% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #8 of 50.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Celeris Therapeutics, Inc. · Seed Raised $3.0M · modeled $48.7M (est)Oligomerix, Inc. · Seed Raised $8.3M · modeled $37.8M (est)2A Biosciences, Inc. · Seed Raised $3.8M · modeled $36.0M (est)Myosin Therapeutics Inc. · Seed Raised $3.0M · modeled $32.4M (est)Eluciderm Inc. · Seed Raised $3.8M · modeled $31.7M (est)AION Healthspan, Inc. · Seed Raised $2.9M · modeled $28.5M (est)Cannabinoid API Solutions, LLC · Seed Raised $2.2M · modeled $27.4M (est)M Chest Institutional Pharmacy Group, LLC · Seed Raised $3.7M · modeled $21.4M (est)Vitalis Therapeutics, Inc. · Seed Raised $2.0M · modeled $20.8M (est)Visiox Pharma, LLC · Seed Raised $1.3M · modeled $17.5M (est)Adtech Pharma, Inc. · Seed Raised $3.0M · modeled $17.0M (est)CanaQuest Medical Corp. (this company) Raised $2.0M · modeled $22.8M (est)CanaQuest Medical Corp.
CompanyStageRaised · realValue · estvs peer med.
Celeris Therapeutics, Inc.Seed$3.0M$48.7M5.06×
Oligomerix, Inc.Seed$8.3M$37.8M3.93×
2A Biosciences, Inc.Seed$3.8M$36.0M3.74×
Myosin Therapeutics Inc.Seed$3.0M$32.4M3.37×
Eluciderm Inc.Seed$3.8M$31.7M3.29×
AION Healthspan, Inc.Seed$2.9M$28.5M2.96×
Cannabinoid API Solutions, LLCSeed$2.2M$27.4M2.85×
CanaQuest Medical Corp. this companySeed$2.0M$22.8M2.37×
M Chest Institutional Pharmacy Group, LLCSeed$3.7M$21.4M2.22×
Vitalis Therapeutics, Inc.Seed$2.0M$20.8M2.16×
Visiox Pharma, LLCSeed$1.3M$17.5M1.82×
Adtech Pharma, Inc.Seed$3.0M$17.0M1.76×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$2.0M2022-10-26$10.0M$22.8M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$2.0M2022-10-26
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$3.2M
Modeled next size est.range $2.1M$5.1M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Cameron Byron McDonald2022-10
Gordon Ross Eastley2022-10
Paul Byron Ramsay2022-10
Richard Byron Rusiniak2022-10
Registry & provenance

CanaQuest Medical Corp. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1607679
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Balto Pharmaceuticals, Inc.PharmaceuticalsSeed$2.0M$14.9Msame sector · same stage
LGM Holdings, LLCPharmaceuticalsSeed$2.0M$35.3Msame sector · same stage
Somnum Pharma, Inc.PharmaceuticalsSeed$2.0M$7.8Msame sector · same stage
S1P Therapeutics Inc.PharmaceuticalsSeed$2.0M$16.9Msame sector · same stage
Femmepharma Holding Co IncPharmaceuticalsSeed$2.0M$25.9Msame sector · same stage
AyuVis Research, Inc.PharmaceuticalsSeed$2.0M$28.3Msame sector · same stage
Vitalis Therapeutics, Inc.PharmaceuticalsSeed$2.0M$20.8Msame sector · same stage
NemusPharmaceuticalsSeed$1.9M$17.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
CannAssist International CorpOther Health CarePre-Seed$4.6M81%
Candesant Biomedical, Inc.Other Health CareSeries B$455.3M80%
Rockwell Medical, Inc.PharmaceuticalsSeries B$748.1M80%
Med-Tech Investments Group, LLCPharmaceuticalsSeed$98.9M80%
MedAvail Holdings, Inc.PharmaceuticalsSeries B$679.3M79%
CanniMed Therapeutics Inc.BiotechnologySeries A$186.3M79%
EnBiotix, Inc.PharmaceuticalsSeed$131.8M79%
Sermonix Pharmaceuticals, Inc.PharmaceuticalsSeries C$878.7M79%
Frequently asked
How much funding has CanaQuest Medical Corp. raised?
CanaQuest Medical Corp. has raised approximately $2.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is CanaQuest Medical Corp.'s estimated valuation?
Provath's modeled valuation for CanaQuest Medical Corp. is approximately $22.8M (modeled range $1.5M–$95.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is CanaQuest Medical Corp. at?
CanaQuest Medical Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Oct 26.
What does CanaQuest Medical Corp. do and where is it based?
CanaQuest Medical Corp. operates in the Pharmaceuticals sector, based in MISSISSAUGA.
Explore related

See where CanaQuest Medical Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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