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Founded in 2014, Tilray was originally incorporated under the umbrella of Seattle-based Privateer Holdings and was one of Canada's first licensed producers. [10] [11] At the end of 2014, it secured the first institutional investment in the cannabis industry from Founders Fund, a San Francisco-based venture capital fund. [10]
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.. In April 2019, Canopy was the world's largest cannabis company based on the value of all shares or market capitalization. [2]
Global X Investments Canada Inc. (formerly Horizons ETFs) is a financial services company that offers exchange-traded funds. On May 1, 2024, the company changed its name from Horizons ETFs to Global X Investments Canada Inc. [2] In April 2017, Global X began offering the first cannabis industry focused exchange-traded fund (ETF), Global X Marijuana Life Sciences Index ETF.
The Canadian cannabis industry grew 7.7% year over year in Q1, driven by strong demand in pre-rolls and vapes, two categories where we've made significant investments.
This is a list of the world's largest cannabis companies by revenue. The list shows cannabis companies ranked by annual revenue. The list includes companies whose primary business activities are associated with cannabis. Globally, Curaleaf is the largest cannabis company in the world. [1]
Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton.It trades on the Toronto Stock Exchange and Nasdaq as ACB. [2] As of September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. [3]
In 2013, the investment group Sputnik purchased a 35% stake in the company. [2] The company name was changed to Curaleaf in 2018, [3] just prior to going public on Toronto's Canadian Securities Exchange under the symbol CURA. [4] It also raised $400 million in what was considered the largest stock offering in cannabis industry history. [5]
On 15 December 2020, Aphria conducted a reverse acquisition to merge with Tilray, which would create the largest multinational cannabis company by revenue. [2] The chief executive officer (CEO) of Aphria, Irwin Simon, stated that the merger strategy was to capture Tilray's business assets and public trading exposure in the United States and its free trade abilities in Europe, enabling ...