Top Hints of 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. 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.
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. In fact, the capital of the cannabis investment is based in this company. 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. 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. Most investors enjoyed during this periods because of the increased costs of borrowing. Some investors were hoping that this company could extend its market to tobacco as well as beverage industries. Though this did not happen at the end of the day, Tilray benefited from 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. 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. It is worth noting that Aurora Cannabis will hit a target of 700,000 kilograms of this drug’s production this year. The management of this company is done through partnerships. 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 Pharmaceuticals also have a market worth of $3.9 billion. This cannabis key company hit the headlines last year when it was approved by the 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.