The cannabis industry is booming, and with legalization coming to more states every year, it’s only going to get bigger. This means that companies are getting more investors interested in them and developing new ways to make money off of their products. Here are three companies that are shaking up the world of cannabis:
Privateer Holdings
Privateer Holdings is a private equity firm focused on the cannabis industry. Privateer Holdings was founded in 2010 and has raised over $200 million for its cannabis portfolio, which includes Leafly, Marley Natural and Tilray.
In 2017 alone it received $75 million in funding from Constellation Brands (the makers of Corona beer), bringing its total funding up to $195 million since its inception. The company also has plans to raise another $150 million this year as they continue investing in companies that will help them build out their portfolio of cannabis brands across various industries such as beverages, vape pens and edibles.
Casa Verde Capital
Casa Verde Capital is a private equity firm that invests in the legal cannabis industry. They have made investments in companies such as LeafLink, Green Bits and Flowhub.
Acreage Holdings
Acreage Holdings is a cannabis company that owns and operates cultivation, processing and dispensary facilities in 11 states. The company recently announced it will be listed on the Canadian Securities Exchange (CSE) and the OTCQB. Acreage Holdings was previously traded on the OTCQB under ticker symbol ACRGF before moving to CSE.
Acreage Holdings’ move from over-the-counter markets to a public exchange comes as more companies seek to go public amid rising investor interest in marijuana stocks after Canada legalized recreational use last year and several U.S states have passed measures legalizing pot sales for medical or recreational purposes since 2012
These companies are shaking up the world of cannabis.
You may have heard of these companies, but what are they doing to change the world?
- Canopy Growth Corporation (CGC) is a Canadian cannabis company that owns several brands and licenses others. They have been in business since 2014 and their stock price has steadily climbed since then. Their most popular product line is their Tweed brand, which offers products such as dried flower, pre-rolled joints and oils. CGC also owns CraftGrow–a collection of small businesses who produce cannabis products under one label–as well as Bedrocan International BVBA and Spectrum Therapeutics Canada ULC along with many other subsidiaries around the world.
These companies are shaking up the world of cannabis. The industry is growing rapidly, and these investments will help it continue to do so as it moves towards legalization across the globe. We can’t wait to see what else these companies have in store for us!
