6 Facts About Everyone Thinks Are True
Nowadays, the marijuana business has become very successful. Some of the key investors in this business are making a real kill. You should note the investors in this line of operation have utilized this opportunity to better their business. Here are some of the key marijuana companies that most investors are talking about in the market.
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. It rose to the top after key producers for Corona as well as Modelo beers purchased approximately 104.5 million canopy shares. It is worth noting that Canopy recorded over $4 billion profits. This year, this company is expected to become instrumental in acquisitions, improve its product portfolio as well as it is their brand.
The second tip of a marijuana giant in the market is Tilray. This company boasts of a net worth of $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. Although this did not happen, Titray utilized the opportunity to gain 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. This company has a network of $5.9 billion, and is expected to take the market leadership in this product’s production. For instance, this company is projected to produce over 700,000 kilograms of this product. The company is managed by partners in this market niche. This company is expected to pose a big threat to Canopy Growth Corp and become the cap leader in the market.
Another tip of a product that many investors are talking about in the market 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. Last year, GW Pharmaceuticals hit the headlines in the U.S by being approved by FDA for its production of Epidiolex. Other huge giants in marijuana business include Curaleaf Holdings, Aphria, and the Green Thumb Industries among others.