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15 Most Valuable Weed Companies in the World

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·12 min read
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In this article we will take a look at the 15 most valuable weed companies in the world. You can skip our detailed analysis of the weed industry, and go directly to the 5 Most Valuable Weed Companies in the World.

Weed is a psychoactive drug developed from the Cannabis plant. Majorly, there are two types of weed products. Weed drugs that are used for medical purposes are prescribed by doctors to cure different diseases. On the other hand, recreational weed is used for personal enjoyment. Recreational use of Marijuana is outpacing its medical use as throughout the world public opinion towards the consumption of weed is changing.

Currently, only Uruguay and Canada have legalized the commercial sale of recreational weed nationwide. However, medical weed is legal in dozens of countries. Weed was made effectively illegal in the United States through the Marijuana tax act of 1937. Alaska became the first state to legalize both medical and recreational use of weed in 2014. As of July 2021, in addition to the District of Columbia (D.C), 18 states in the US have legalized both medical and recreational weed. Additionally, there are 18 states in the US that permit only medical use of weed.

There is a popular movement that calls for the legalization of weed for both medical and recreational consumption throughout the United States. Proponents of this view assert that the legalization of weed would bring new investment opportunities, job growth, and increased tax revenues. According to a survey by Pew Research Center, two-thirds of Americans say the use of marijuana should be legal throughout the United States.

Globally legal cannabis spending increased rapidly during the second decade of the 21st century. The volume of the global weed industry grew vigorously after 2013 as Uruguay became the first country to completely legalize the use of Marijuana for adults. During the last seven years, the global weed spending increased more than sixfold from $3.3 billion in 2014 to $20.6 billion in 2020.

While the COVID-19 proved disastrous for different industries, it has led to robust growth in the weed industry. As the pandemic increased stress and horror among Americans, weed sales skyrocketed in the country. More and more Americans started consuming marijuana to relieve themselves of depression. Resultantly, the legal sales of weed in the United States reached $17.5 billion in 2020, which is 46% higher than that of 2019.

Although the sale of weed is still illegal in different countries, its possession is no more a criminal act in many states. As the attitudes of governments towards weed consumption are changing, the weed industry is expected to continue its growth momentum in the ongoing decade. The fact that almost all the big weed companies including Canopy Growth Corporation (NASDAQ: CGC), Tilray, Inc. (NASDAQ: TLRY), and Trulieve Cannabis Corp. (OTC: TCNNF) recorded significant growth in their sales revenues during the last two years asserts that the weed industry will witness rapid growth in the coming years. The legal cannabis market is projected to reach over $63 billion by 2024.

Photo by Terre di Cannabis on Unsplash

Our Methodology

We have ranked these companies based on their market capitalization. To shed some light on their recent performance, we have cited their growth rates and annual revenues. We have included only those companies that specialize in weed production and have weed products as their primary products.

With this context, and industry outlook in mind, let's now discuss the 15 most valuable weed companies in the world.

Most Valuable Weed Companies in the World

15. KushCo Holdings Inc. (OTC: KSHB)

Market Capitalization: $163.6 million

KushCo Holdings Inc. (OTC: KSHB) stands at the bottom of our list of 15 most valuable weed companies in the world. KushCo Holdings is an American company located in Garden Grove, California. The company provides ancillary products and services to the weed and CBD (cannabidiol) industries. Kushco Holdings’ subsidiaries and brands ensure product quality, exceptional services, and compliance knowledge to the leading weed multi-state operators (MSOs), licensed producers (LPs), and brands.

KushCo Holdings Inc. (OTC: KSHB) achieved a net revenue of $113.8 million in 2020. The company, founded in 2010, has sold more than 1 billion units to legal weed and CBD industries across North America, South America, and Europe.

Like Sundial Growers Inc. (NASDAQ: SNDL), Aurora Cannabis Inc. (NASDAQ: ACB), Canopy Growth Corporation (NASDAQ: CGC), Tilray, Inc. (NASDAQ: TLRY) and OrganiGram Holdings Inc. (NASDAQ: OGI), KushCo Holdings Inc. (OTC: KSHB) is one of the most valuable weed companies in the world.

14. The Green Organic Dutchman Holdings Ltd (TSX: TGOD.TO)

Market Capitalization: $176.6 million

The Green Organic Dutchman (TSX: TGOD) stands at the 14th spot in our list of 15 most valuable weed companies in the world. The Green Organic Dutchman (TSX: TGOD) stationed in Mississauga, Ontario, is a leading global company that cultivates and manufactures premium certified organically grown weed products. The company’s collection of premium certified organically-grown whole flower weed brands include Organic Sugar Bush, Organic Fire, Organic Rockstar Tuna, and Organic La Con.

The Green Organic Dutchman Holdings Ltd (TSX: TGOD) holds an 820,000 square-foot Valleyfield greenhouse facility on Boulevard Gerard Cadieux in Valleyfield, Quebec. The company witnessed annual revenue of $24.51 million in 2020. This represents an increase of 236% year-over-year. The company produces organically grown weed which is certified by Pro-Cert.

13. Neptune Wellness Solutions Inc. (TSX: NEPT.TO)

Market Capitalization: $192.2 million

Neptune Wellness Solutions Inc. (TSX: NEPT) ranks 13th in our list of 15 most valuable weed companies in the world. Neptune Wellness is a publicly-held, plant-forward CPG (consumer-packaged goods) weed company. The company, founded in 1998, has its headquarter in Quebec, Canada. Neptune Wellness Solutions contains a 50,000 square foot facility located in Sherbrooke, Quebec wherein weed is processed. The company’s weed brands are Forest Remedies, Mood Ring, Ocean Remedies, and Neptune Wellness.

Neptune Wellness Solutions Inc. (TSX: NEPT) has 8 brands, 136 stock-keeping units (SKUs), and 20,000 retail locations. 45% of employees at Neptune Wellness are females. The company's total revenue reached $29.58 million in the financial year 2020 after posting a growth of 21%.

12. Cara Therapeutics, Inc. (NASDAQ: CARA)

Market Capitalization: $699.6 million

Next in line in our list of 15 most valuable weed companies in the world is Cara Therapeutics Inc. (NASDAQ: CARA). Cara Therapeutics Inc. (NASDAQ: CARA) is a clinical stage bio-technology company that focuses on the development and commercialization of weed products designed to reduce pain and pruritus by selectivity targeting kappa and opioid receptors. Cara Therapeutics Inc. (NASDAQ: CARA), situated in Stamford, Connecticut, U.S, shares a key similarity with Insys Therapeutics that develop weed drugs to treat human disease associated with pain and inflammation.

Cara Therapeutics Inc. (NASDAQ: CARA) has established its footprints in USA, Japan, and South Korea. Cara Therapeutics Inc. (NASDAQ: CARA) hosts 55 employees. The company recorded annual revenue of $135.1 million in the financial year 2020. The company is committed to transforming the way in which pruritus is treated and bring relief to the lives of patients.

Like Sundial Growers Inc. (NASDAQ: SNDL), Aurora Cannabis Inc. (NASDAQ: ACB), Canopy Growth Corporation (NASDAQ: CGC), Tilray, Inc. (NASDAQ: TLRY) and OrganiGram Holdings Inc. (NASDAQ: OGI), Cara Therapeutics Inc. (NASDAQ: CARA) is one of the most valuable weed companies in the world.

11. HEXO Corp. (NYSE: HEXO)

Market Capitalization: $783.1 million

HEXO Corp. (NYSE: HEXO) ranks 11th in our list of 15 most valuable weed companies in the world. HEXO Corp. (NYSE: HEXO) is a weed company that produces and distributes goods to serve the international weed market. HEXO Corp. (NYSE: HEXO) was founded in 2013 with its headquarter in Ottawa, Canada. HEXO Corp. (NYSE: HEXO) is involved in the manufacturing, processing, and distribution of weed products like peppermint oil, marijuana powder, dried flowers, sub-lingual sprays, and intimate oils.

HEXO Corp. (NYSE: HEXCO) continues to maintain its number one position in the weed beverage category in Canada. HEXO Corp. (NYSE: HEXO)'s net gross revenue reached $110 million with 86% growth in 2020. HEXO Corp. (NYSE: HEXO) is one of the largest licensed weed companies in Canada which runs 2 million sq. ft of facilities in Ontario and Quebec. In 2018, the company was legalized in the production of weed products for both adult-use (recreational) and medical markets.

10. OrganiGram Holdings Inc. (NASDAQ: OGI)

Market Capitalization: $825.9 million

OrganiGram Holdings Inc. (NASDAQ: OGI) stands at the 10th spot in our list of 15 most valuable weed companies in the world. OrganiGram Holdings Inc. is a leading licensed producer (LP) weed company. OrganiGram Holdings Inc. (NASDAQ: OGI) produces quality products for medical & adult-use recreational markets. The company, founded in 2013, has its headquarter in Moncton, Canada. OrganiGram Holdings Inc. (NASDAQ: OGI) has a diverse range of weed-brand portfolios which includes Edison, Shred, Trailblazer, and Ankr Organics. These brands are for both medical and adult recreational weed markets.

OrganiGram Holdings Inc. (NASDAQ: OGI) is a fast-growing company. In July 2020, the company launched 62 new stock-keeping units (SKUs). The company has its footprints in all 10 Canadian provinces. Internationally, OrganiGram Holdings Inc. (NASDAQ: OGI) is exporting its weed products to Israel and Australia. The company holds a strong balance sheet and liquidity. The balance sheet of the company is debt-free and as of April 2021, the company had cash and short-term investments of $232 million. In the financial year 2020, the company recorded net revenue of 86.8 million Canadian dollars with 8% year-over-year growth.

9. Aurora Cannabis Inc. (NASDAQ: ACB)

Market Capitalization: $1.605 billion

Aurora Cannabis Inc. (NASDAQ: ACB) ranks 9th in our list of 15 most valuable weed companies in the world. Aurora Cannabis is a leading licensed producer of weed products that focuses on providing innovative weed products to patients and consumers internationally. The company has its headquarters in Edmonton, Canada. Aurora Cannabis Inc. (NASDAQ: ACB)'s medical brands include CanniMed, MedReleaf, and WMMC, while the weed recreational brands are Daily Special, Aurora Drift, Whistler, and Altavie.

Aurora Cannabis Inc. (NASDAQ: ACB) primarily cultivates and manufactures its weed products in licensed facilities in Edmonton, Alberta, Bradford Ontario, Pemberton, British Columbia, Odense, and Denmark. Aurora Cannabis Inc. (NASDAQ: ACB) estimates its production capacity at approximately 150,000 kg of weed biomass annually. Last year Aurora Cannabis Inc. (NASDAQ: ACB) witnessed a 15.9% increase in net revenue year over year. In 2020, the company had $162.2 million of unrestricted cash on hand.

Like Sundial Growers Inc. (NASDAQ: SNDL), Canopy Growth Corporation (NASDAQ: CGC), Tilray, Inc. (NASDAQ: TLRY), OrganiGram Holdings Inc. (NASDAQ: OGI) and Innovative Industrial Properties Inc. (NYSE: IIPR), Aurora Cannabis Inc. (NASDAQ: ACB) is one of the most valuable weed companies in the world.

8. Sundial Growers Inc. (NASDAQ: SNDL)

Market Capitalization: $1.635 billion

Sundial Growers Inc. (NASDAQ: SNDL) stands at the 8th spot in our list of 15 most valuable weed companies in the world. Sundial Growers Inc. (NASDAQ: SNDL) was founded in 2006 with its headquarters in Calgary, Canada. Sundial Growers Inc. (NASDAQ: SNDL) produces and distributes weed in the form of “flowers, pre-rolls, and vapes.” Sundial Growers Inc. (NASDAQ: SNDL) produces both medical and recreational weed. The company is operational in Canada and the United Kingdom.

As the name ‘Growers’ suggests, the company specializes in cultivating cannabis and holds 448,000 sq. feet of cultivation facility in Canada. The Sundial Group has four major brands including Sundial, Top Leaf, Palmetto, and Grasslands. Each brand provides different products of weed. In the financial year 2020, sales revenue of Sundial Growers Inc. (NASDAQ: SNDL) remained 60.9 million Canadian dollars.

Like Aurora Cannabis Inc. (NASDAQ: ACB), Canopy Growth Corporation (NASDAQ: CGC), Tilray, Inc. (NASDAQ: TLRY), and OrganiGram Holdings Inc. (NASDAQ: OGI), Sundial Growers Inc. (NASDAQ: SNDL) is one of the most valuable weed companies in the world.

7. Harvest Health & Recreation Inc. (OTC: HRVSF)

Market Capitalization: $1.7 billion

Harvest Health & Recreation Inc. (CNSX: HARV) ranks 7th in our list of 15 most valuable weed companies in the world. Harvest Health & Recreation Inc. (CNSX: HARV) is a vertically integrated weed company. Harvest Health & Recreation Inc. (CNSX: HARV), a leading multi-state operator, has its footprints throughout the U.S. Harvest Health & Recreation Inc. (CNSX: HARV) manufactures and sells weed products to patients and consumers along with providing services to retail dispensaries. The company provides 4 weed products for workout relief which include Bath Salts, Tinctures, salve, and ROLL- ONS.

Harvest Health & Recreation Inc. (CNSC: HARV) is one of the largest weed companies in the U.S. The company with more than 1450 employees owns 42 retail and 12 cultivation and processing sites. The company achieved a revenue of $231.5 million with potential revenue growth of 98% in 2020. Harvest Health & Recreation aims at $400 million-plus revenue target in 2021.

6. Innovative Industrial Properties, Inc. (NYSE: IIPR)

Market Capitalization: $4.8 billion

Innovative Industrial Properties Inc. (NYSE: IIPR) stands at the 6th spot in our list of 15 most valuable weed companies in the world. Innovative Industrial Properties Inc. (NYSE: IIPR) founded in 2016, is the first publicly traded weed company on the New York Stock Exchange (NYSE) that provides real estate capital to the medical-use weed industry. It is located in San Diego, California. The company offers its weed products for the treatment of human diseases like cancer, glaucoma, HIV/AIDS, wasting syndrome, and nausea.

Innovative Industrial Properties Inc. (NYSE: IIPR) generated total revenue of $116.9 million in 2020. The company owns 72 properties across the United States.

Like Sundial Growers Inc. (NASDAQ: SNDL), Aurora Cannabis Inc. (NASDAQ: ACB), Canopy Growth Corporation (NASDAQ: CGC), Tilray, Inc. (NASDAQ: TLRY) and OrganiGram Holdings Inc. (NASDAQ: OGI), Innovative Industrial Properties Inc. (NYSE: IIPR) is one of the most valuable weed companies in the world.

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Disclosure: None. 15 Most Valuable Weed Companies in the World is originally published on Insider Monkey.