In this article we discuss the 5 most valuable weed companies in the world. If you want to read our detailed analysis of the weed industry, go directly to the 15 Most Valuable Weed Companies in the World.
5. Cresco Labs Inc. (OTC: CRLBF)
Market Capitalization: $2.8 billion
Cresco Labs Inc. (OTC: CRLBF) ranks 5th in our list of 15 most valuable weed companies in the world. Cresco Labs is one of the largest multi-state, vertically integrated weed companies. The company is stationed in Chicago, USA. Cresco Labs Inc. (OTC: CRLBF) offers weed products including Reserve, Remedy, Mindy’s Edibles, High Supply, Good News, Wonder Wellness Co., and Sunnyside.
Cresco labs Inc. (OTC: CRLBF) is a fast-growing weed company in the U.S. The company operates in 10 U.S. states with 18 production facilities, 44 retail licenses, and 32 owned dispensaries. In 2020, the company claims to be the biggest wholesaler of branded products in the weed industry with $274.0 million in wholesale revenue for the year.
4. Trulieve Cannabis Corp. (OTC: TCNNF)
Market Capitalization: $6.5 billion
Trulieve Cannabis Corp. (OTC: TCNNF) stands at the 4th spot in our list of 15 most valuable weed companies in the world. Trulieve Cannabis has its headquarter in Florida, USA. The company is operational in 11 states of the United States. With 126 dispensaries and 22 cultivation facilities across 11 states of the United States, the organization is one of the largest weed companies in the USA.
From capsules to vaporizers to liquids, Trulieve Cannabis Corp. (OTC: TCNNF) offers a wide range of products for medical and recreational weed. You can shop weed products online from their website as they also provide home delivery services. The company recorded a massive growth of 106% in the financial year 2020 as its revenue reached $521.5 million from $252.8 million.
3. Tilray, Inc. (NASDAQ: TLRY)
Market Capitalization: $7.2 billion
Tilray, Inc. (NASDAQ: TLRY) ranks 3rd in our list of 15 most valuable weed companies in the world. Tilray, Inc. is a Toronto-based Canadian weed company with operations in Canada, United States, Europe, Australia, and Latin America. The company is one of the largest and most sophisticated producers of medical weed. Tilray not only cultivates and distributes weed but also spends a huge chunk of its resources on research to further understand the therapeutic value of weed.
Tilray, Inc. (NASDAQ: TLRY) has over 20 brands to distribute both medical and recreational weed in more than 20 countries. With operations in over 20 countries, The company has the largest global geographic footprint among all the companies in the weed industry. Tilray, Inc. (NASDAQ: TLRY) recorded a growth of 26% in its sales revenue in the financial year 2020. The total sales revenue of Tilray, Inc. (NASDAQ: TLRY) jumped to $210.5 million in the financial year 2020.
2. Canopy Growth Corporation (NASDAQ: CGC)
Market Capitalization: $8.6 billion
Canopy Growth Corporation (NASDAQ: CGC) ranks 2nd in our list of 15 most valuable weed companies in the world. Formerly known as Tweed Marijuana Inc, Canopy Growth is an Ontario based world-leading weed company. It was the first federally licensed, and publicly traded weed company in the North American continent. The company cultivates cannabis and manufactures a broad range of weed products both for recreational and medical use.
Canopy Growth Corporation (NASDAQ: CGC) products are available in the form of edibles, beverages, vapes, dried-flowers, softgel capsules, and oils. The company has multiple brands to meet the diverse needs of its customers in over a dozen countries across five continents.
Like other big weed companies, Canopy Growth Corporation (NASDAQ: CGC) also recorded a strong growth of 37% in its last financial year. In the financial year 2020-2021, the company recorded sales revenue of 546.6 billion Canadian dollars.
1. Green Thumb Industries Inc. (CSE: GTII.CN)
Market Capitalization: $9.278 billion
Green Thumb Industries Inc. (CSE: GTII.CN) occupies the top position in our list of 15 most valuable weed companies in the world. Green Thumb Industries Inc. manufactures and distributes weed both for medical and recreational purposes. The company cultivates cannabis plants to use them in its products. Its branded weed products include Beboe, Dogwalkers, Dr. Solomon’s, Incredibles, Rythm, and The Feel Collection. Green Thumb Industries Inc. (CSE: GTII.CN) also owns a network of fast-growing retail stores with different brand names including Rise, Essence, Bluepoint, FP Wellness, and Affinity.
Currently, The company has a presence in 12 States of the United States with 97 retail stores and 13 manufacturing facilities. As the use of recreational weed increased during the pandemic, Green Thumb Industries Inc. (CSE: GTII.CN) witnessed robust growth in its sales revenue. In the financial year 2020, the sales revenue of the organization jumped to $556.6 million. Moreover, during the first quarter of 2021, Green Thumb Industries recorded year-over-year growth of 90% in its sales revenue.
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