Today, the marijuana business is booming. 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. 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. Canopy has a net worth of over $11.5 billion. The Canopy is apparently is capital of the cannabis investment. It rose to the top after key producers 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. Canopy is also expected to lead acquisitions, enhance its product portfolio as well as improve 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. By September, this cannabis giant had a market cap of $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. The end of the day, this did not happen, but Tilray benefited from deeper market penetration. This market giant in cannabis business plans to enhance its production and also get into international markets.
The third biggest cannabis that has become the talk of the day by investors 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. The management of this company is done through partnerships. This company is expected to pose a big threat to Canopy Growth Corp and become the cap leader in the market.
Besides, another hint if a big cannabis company in the market today is GW Pharmaceuticals. Enjoying a net worth of $3.9 billion, GW Pharmaceuticals is one of the first producers of CBD drugs in the world. GW Pharmaceuticals also have a market worth of $3.9 billion. GW Pharmaceuticals hit the headlines last year in the U.S when it was 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.