For only a year or so now, we have seen the entrance of large U.S. stock exchanges into the marijuana industry. This has been one of the largest updates to the market in recent times as it has allowed for a large amount of capital infusion into the market. In addition to this, it has also helped to bring a lot of much-needed attention to the industry as it is still very much in its infant stages.
According to several top research firms, cannabis as a whole is subject to be worth as much as $31 billion by the end of 2022, which means that there is a lot of room left to grow. The companies that are able to maintain their positions at the top seem to be the ones growing the fastest. As the market continues to traverse new territory, it seems as though the future of cannabis is even more exciting than the present.
The Green Organic Dutchman (TGODF) (TGOD) is one of the leading producers of organic cannabis throughout the marijuana industry. The company recently announced that they would be entering into a cannabis supply agreement with the company Ontario Cannabis Retail Corporation. Brian Athaide, CEO and Director of The Green Organic Dutchman stated that “Ontario has the largest population in Canada and is a critical component to TGOD’s national recreational rollout.”
Athaide went on to state that “this represents the first of many provincial supply agreements planned for our premium organic product as our domestic facilities near completion and production increases throughout 2019.” Interestingly enough, The Green Organic Dutchman is currently the largest producer of certified organic cannabis throughout all of Canada, which makes them one of the bigger companies to watch in the near future.
Canopy Growth (NYSE:CGC) is considered to be one of the leaders throughout the whole of the marijuana industry. For starters, they are without a doubt the largest company in the industry, and with that, they also have an extremely large amount of free-flowing capital to work with. This is partly due to the $4 billion investment received by Canopy from the beverage producer and wholesaler, Constellation Brands (NYSE:STZ). This investment signaled quite a large shift amidst the marijuana market, as it was the first time such a large company showed their interest in working within the marijuana space.
Currently, Canopy Growth has a market capitalization of as much $10 billion which is backed by a peak output of around 500,000 kilograms of cannabis. This cannabis production amount only puts them at second on the list, but it does show how much demand there is within the industry. Another interesting point that investors should be aware of is that many of the top players in the market are still operating under losses due to the large capital undertaking of building out massive grow facilities.
The hopes are high however, that these companies can continue to perform amidst the changing cannabis landscape.
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