Examples of Key Marijuana Companies in the Legal Pot Industry
Today, the marijuana business is booming. Investors in this line of operations are estimated to be pocketing high volumes of sales. Even this business gets better each day, an opportunity is created for marijuana companies to develop bigger financial muscles leading to bigger market shares. Below is a list of the main marijuana companies that every trader is talking about in the marketplace.
Canopy Growth Corp is one of the top marijuana companies that investors are talking about in the market. This marijuana company enjoys a net worth of over $11.5 billion. The Canopy is apparently is capital of the cannabis investment. For your information, this company climbed to the top after renown producer for Corona as well as Modelo beers purchased approximately 104.5 million canopy shares. Besides, this company also closed one of its financial years with over $4 billion, sending hope to investors that it will expand and gain an international reputation. This year, this company is expected to become instrumental in acquisitions, improve its product portfolio as well as it is their brand.
Example of the next marijuana giant in the market is Tilray. This company boasts of a net worth of $10.3 billion. Despite the fact that this company went public just the other day, it is doing so well. The market cap for this company in the market by September last year was over $28 billion. During this time, most of the investors were happy due to the high costs if borrowing. Some investors were hoping that this company could extend its market to tobacco as well as beverage industries. The end of the day, this did not happen, but Tilray benefited from deeper market penetration. Tilray is focused to enhance its production capacities this year, and hopefully get into international markets in style.
The third biggest cannabis that has become the talk of the day by investors is Aurora Cannabis. With its net worth of $5.9 billion, Aurora is expected to take over the market leadership in terms of the production of the product. This year alone, Aurora is set to get a production mark of 700,000 kilograms. Aurora Cannabis is managed by a partnership of companies in this niche market and other related fields. This company is expected to pose a big threat to Canopy Growth Corp and become the cap leader in the market.
Another tip of a product that many investors are talking about in the market is GW Pharmaceuticals. GW Pharmaceuticals enjoys a net worth of $3.9 billion, and is apparently is the main manufacturer of CBD drugs in the world. GW’s market cap is almost $4 billion. GW Pharmaceuticals hit the headlines last year in the U.S when it was approved by FDA for its production of Epidiolex. Other huge giants in marijuana business include Curaleaf Holdings, Aphria, and the Green Thumb Industries among others.