Marijuana, also referred to as marihuana or cannabis, has recently been legalized in Canada. Initially it was legalized for medical purposes but now it has been made legal for recreational use too. There are still some legislative hurdles to be cleared before the recreational marijuana market opens in Canada. The investors are overlooking better and bigger opportunity in the recreational marijuana industry. The annual marijuana consumption in Canada is 770,000 kilograms. Below are the best marijuana companies in Canada.
Canopy Growth is the first and biggest Marijuana grower company in Canada. It has various retail outlets throughout the country. It has secured supply agreement in five out of 10 provinces for recreational marijuana. Canopy Growth has 2.4 million square feet of growing space with a lot more on its way. The market cap of the company is reaching eight billion dollars. Canopy Growth sells its product under different names; the most recognized brand is Tweed.
Another best marijuana company in Canada is Aurora Cannabis which rivals Canopy Growth for highest spot in Canadian cannabis industry. Aurora has acquired MedReleaf Corp. for 2.5 billion …read more
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