Examples of Key Marijuana Companies in the Legal Pot Industry
Today, the marijuana business is booming. Some of the key investors in this business are making a real kill. You should note the investors in this line of operation have utilized this opportunity to better their business. 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. In fact, the main honcho of the entire cannabis market is based at Canopy Growth Corp. The gained its market fame after Corona as well as Modelo beers producers purchased approximately 104.5 million 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. Moreover, Canopy expected to lead acquisitions, improve its product portfolio as well as it is their brand.
The second tip of a marijuana giant in the market is Tilray. This company is worth over $10.3 billion. Titray is growing very fast despite the fact that it got into the market recently. In fact, further reports indicate that Tilray had a large market cap of $28 billion daily by September. Most investors enjoyed during this periods because of the increased costs of borrowing. In fact, many investors were hopeful that this market giant could invest in tobacco as well as beverage industries. Although this did not happen, Titray utilized the opportunity to gain deeper market penetration. This market giant in cannabis business plans to enhance its production and also get into international markets.
Another hint of a major company in the cannabis market is Aurora Cannabis. Aurora Cannabis has a net worth of $5.9 billion and is expected to take over the market leadership in the production of the cannabis drug. 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. Aurora is also expected to pose a great risk in the market to Canopy with an aim of taking over market leadership.
Besides, another hint if a big cannabis company in the market today 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. Last year, GW Pharmaceuticals hit the headlines in the U.S by being approved by FDA for its production of Epidiolex. Some of the other key biggest companies in the marijuana business include Curaleaf Holdings, Aphria, and the Green Thumb Industries among others.