The cannabis industry is projected to grow by more than 400% by 2021. It is the single fastest growing industry, with more than $40 billion in revenue expected. With so many different companies competing to be on top, we’re recognizing those you should keep an eye on for 2019 and beyond that could break out. There are companies have shown excellent growth and talent in leadership so far, and could be poised to become the Apple of the cannabis industry going forward.
Green Growth Brands
Founding partners of Green Growth Brands have created some of the top brands in the world. American Eagle, Designer Shoe Warehouse, and Value City Furniture are just a few of the names under their umbrella. Now after several acquisitions, GGB is poised to become to the leading retailer in the cannabis industry. Some of their brands include CAMP, Meri+Jayne, Green Lily, The Apothecary, 7th Sense, and Xanthic Biopharma.
OrganiGram Holdings
One of eastern Canada’s most advanced cannabis producers, OrganiGram focuses on producing high-quality, indoor-grown cannabis for medical and recreational use. The company is looking into expanding its international partnerships beyond Canada to help extend its global footprint. This company is one cannabis company that American investors should keep an eye on in the coming years.
Charlotte’s Web Holdings
Charlotte’s Web has developed a proprietary strain of industrial hemp for harvesting CBD wellness products. The CBD market is expected to continue to grow exponentially over the next few years. As the demand for CBD increases in both medical and recreational settings, this company is poised to become one of the top players in CBD production.
INVIDIA
This Ontario company is focused on creating medical-grade cannabis edibles for adult clients. The company now has an award-winning grow team and uses GMP-compliant operating procedures to produce their medical cannabis. INVIDIA has clients both domestically and internationally but has now begun to focus on offering its products to consumers in the United States. The federal legalization in the US could, and likely will, have a significant impact on edible businesses like INVIDIA.
SpringBig
SpringBig is offering a platform for customer loyalty and communication to dispensaries across the nation. It helps dispensaries leverage data about brands to bring in new revenue streams and keep customers returning for new products.
Harvest One Cannabis
Harvest One is a large-scale wholesale cannabis supplier with its own producer. The holding company owns the United Greeneries producer and recently expanded its growing capacity up to 50,000kg per year for both medical and recreational markets.
Emblem
Canadian healthcare and pharmaceutical company Emblem could generate more than $100 million in revenue over the next two years. The executive team behind the company features healthcare and Big Pharma executive experience.
Canopy Growth Corporation
Canopy Growth Corporation was the first federally regulated and publicly traded cannabis producer in North America. It is now traded on the Toronto Stock Exchange using the tag WEED. As the first multi-licensed cannabis producer, the company has a variety of production platforms located across Canada.
Disclaimer: This content does not necessarily represent the views of IWB.