The Canadian cannabis industry has grown since the national government legalized cannabis in 2018. The marijuana industry 𒅌includes companies that cultivate, grow, and distribute cannabis and related products for both recreational and medical use.

Below are the seven biggest Canadian cannabis companies ranked by 澳洲幸运5官方开奖结果体彩网:12-month trailing (TTM) revenue, limited to companies that are publicly traded in the U.S. or Canada. All data is courtesy of YCharts and as of July 31, 2024.

1. Tilray Brands Inc. (TLRY)

• Revenue (TTM): $788.94 million
• Net Income (TTM): -$244.98 million
• Market Cap: $1.67 billion
• 1-Year Trailing Total Return: -19.76%
• Exchange: Nasdaq

Tilray (TLRY) is a Canadian company focused primarily on cultivating, processing, and distributing medical cannabis products with operations in Europe, Australia, and Latin America in addition to Canada and the United States. The company focuses on medical cannabis research. Its products include dried cannabis and cannabis extracts. In May 2021, Tilray completed its merger with Aphria.

2. Sundial Growers (SNDL)

• Revenue (TTM): $579.02 million
• Net Income (TTM): -$103.11 million
• Market Cap: $598.76 million
• 1-Year Trailing Total Return: 35.93%
• Exchange: Nasdaq
  

Calgary, Alberta, Canada-based Sundial Growers (SNDL) develops and distributes liquor and cannabis products through its banner businesses. The company boasts that it's the largest 澳洲幸运5官方开奖结果体彩网:private-sector liquor and cannabis company. The cannabis banners include Spiritleaf and Value Buds and its brands include Top Leaf, Spiritleaf Selects, and Grasslands.

3. High Tide (HITI)

• Revenue (TTM): $503.78 million
• Net Income (TTM): -$34.35 million
• Market Cap: $140.94 million
• 1-Year Trailing Total Return: -23.07%
• Exchange: Nasdaq

Raj Grover founded High Tide (HITI) in 2009. The company has grown into a leader in Canadian cannabis retail and has a dominant presence in the North American and European e-commerce space for hemp-derived CBD and consumption accessories. High Tide's subsidiary companies include Valiant Distribution, Canna Cabana, and Famous Brandz.

4. TerrAscend Corp. (TSNDF)

• Revenue (TTM): $328.56 million
• Net Income (TTM): -$83.20 million
• Market Cap: $402.28 million
• 1-Year Trailing Total Return: -1.41%
• Exchange: OTC Market

TerrAscend (TSNDF) is an integrated Canadian cannabis company with products for medical and recreational use. The company has a portfolio of businesses including the Apothecarium, a cannabis dispensary, Ilera Healthcare, a medical marijuana cultivator, processor, and distributor, and Gage Cannabis Co., a premium cannabis brand, cultivator, and distributorOperations are based in Pennsylvania, New Jersey, Michigan, and California, with cultivation and processing plants in Maryland and Canada.

5. Canopy Growth Corp. (CGC)

• Revenue (TTM): $244.32 million
• Net Income (TTM): -$487.06 million
• Market Cap: $515.86 million
• 1-Year Trailing Total Return: 54.16%
• Exchange: Toronto Stock Exchange (TSX) and Nasdaq

Canopy Growth (CGC), headquartered in Canada, produces medical marijuana products. The company was the first federally regulated and licensed publicly traded cannabis grower in North America. It is among the largest cannabis companies in the world by 澳洲幸运5官方开奖结果体彩网:market capitalization. The company also has merged its U.S. assets into a separately operated holding company, Canopy USA.

6. Village Farms International (VFF)

• Revenue (TTM): $229.02 million
• Net Income (TTM): -$28.01 million
• Market Cap: $113.52 million
• 1-Year Trailing Total Return: -8.53%
• Exchange: Nasdaq

Village Farms (VFF) is a large-scale, vertically integrated supplier of plant-based consumer goods and a fresh produce supplier to grocery and large retailers throughout the US and Canada. The company focuses on new high-growth opportunities in the cannabis and CBD arenas in North America. Village Farms also targets cannabis opportunities with long-term potential in the Asia-Pacific region and Europe.

7. Aurora Cannabis Inc. (ACB)

• Revenue (TTM): $200.39 million
• Net Income (TTM): -$53.55 million
• Market Cap: $330.02 million
• 1-Year Trailing Total Return: 9.12%
• Exchange: Toronto Stock Exchange (TSX) and Nasdaq

Aurora Cannabis (ACB) is a major cannabis producer and a licensed distributor. Based in Edmonton, Alberta, Canada, the company supports the medical and consumer cannabis arena and has a division focused on cannabidiol products for distribution in the U.S. CBD is one of the most active and prevalent ingredients in cannabis. It expanded its footprint, with production facilities and sales agreements in the 澳洲幸运5官方开奖结果体彩网:European Union (EU).

The Bottom Line

In 2018, Canada legalized marijuana. Since then, the industry has grown with companies that specialize in cultivating, growing, and distributing cannabis for various uses. As of 2024, Tilray Brands is the largest cannabis company in Canada based on annual revenue.