Cananore gained senior club status for the 1908 TFL season; and, from then, played their home games at the Tasmanian Cricket Association Ground.

"Cannanore was the British name of a district in India in the 19th century which is now called Kannur.The district was an important port on the Arabian Sea and the British military headquarters on India's west coast until 1887.It is believed one of the founders of Cananore chose the name as they had been based [at Cannanore] in earlier years and had brought home an incorrectly spelt name plaque, which adorned the entry to a building at which many supporters of the new entity met.While no official amalgamation of Cananore and Hobart took place, it is widely regarded that from Cananore's ashes Hobart grew, with strong family ties linking the history of the two clubs."

The club would go into recess due to World War Two, and, in 1944, TANFL executives drew up a plan to turn the competition into a regulated, district-based format upon resumption of the League in 1945, rather than the previous motley collection of clubs.

As a result of these changes, Cananore was replaced in the TANFL by the Hobart Football Club who would go on to share the same black and gold colours, same home ground (TCA Ground) and many of the same players and supporters from Cananore would go on to be involved with Hobart for many years to come.

[2] Cananore footballers to have played in the VFL include Claude Bryan, Jack Cashman, Jack Gardiner, Pat Hartnett, Fred Pringle, Alan Scott, Ted Terry, and Graham Tudor.