Top Hints of Marijuana Companies in the Legal Pot Industry
Currently, the marijuana business has become very successful. Traders in this niche market have been witnessed smiling all the way to the bank. You should note the investors in this line of operation have utilized this opportunity to better their business. The following are hints of key marijuana businesses that have become the talk of the day.
One of the key cannabis companies in the market today is Canopy Growth Corp. 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. Last year, this company shocked the world when its recorded a $4 billion profit, sowing a seed of hope in investors of quick expansion in the future. Moreover, Canopy expected to lead 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 is worth over $10.3 billion. Titray is growing very fast despite the fact that it got into the market recently. By September, this cannabis giant had a market cap of $28 billion. This market cap was good news to most investors who enjoyed the high rate of borrowing. Most investors were hoping that this company could extend its market to tobacco as well as beverage markets. Although this did not happen, Titray utilized the opportunity to gain deeper market penetration. Tilray is focused to enhance its production capacities this year, and hopefully get into international markets in style.
Aurora Cannabis is another market leader in the cannabis business. 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. The company is managed by partners in this market niche. The Aurora Cannabis is expected to be among the key competitors of Canopy Growth Corp this year.
Besides, another hint if a big cannabis company in the market today is GW Pharmaceuticals. This company enjoys a network of over $3.9 billion and becomes the first CBD drug manufacturer to rank as a key contender. 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.