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Key Tips of Marijuana Companies in the Legal Pot Industry
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. Below is a list of the main marijuana companies that every trader is talking about in the marketplace.
Canopy Growth Corp is one of the top marijuana companies that investors are talking about in the market. Canopy has a net worth of over $11.5 billion. In fact, the capital of the cannabis investment is based in this company. For your information, this company climbed to the top after renown producer 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. This year, this company is expected to become instrumental in acquisitions, improve its product portfolio as well as it is their brand.
Tilray is the next hint of a big cannabis company in the market. The net worth of Titray in the market is $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. This market cap was good news to most investors who enjoyed the high rate of borrowing. Most investors were hoping that this company could extend its market to tobacco as well as beverage markets. Though this did not happen at the end of the day, Tilray benefited from deeper market penetration. Tilray is focused to enhance its production capacities this year, and hopefully get into international markets in style.
The third biggest cannabis that has become the talk of the day by investors 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 management of this company is done through partnerships. The Aurora Cannabis is expected to be among the key competitors of Canopy Growth Corp this year.
Besides, another hint if a big cannabis company in the market today is GW Pharmaceuticals. GW Pharmaceuticals enjoys a net worth of $3.9 billion, and is apparently is the main manufacturer 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. Some of the other key biggest companies in the marijuana business include Curaleaf Holdings, Aphria, and the Green Thumb Industries among others.