1. Curaleaf Holdings (CURLF):

• Dominant Market Presence: Curaleaf is the largest vertically integrated cannabis company in the United States, operating in 21 states with 133 dispensaries, 27 cultivation facilities, and 26 processing facilities.
• Diversified Product Portfolio: Curaleaf offers a wide range of cannabis products, including flower, vapes, edibles, topicals, and concentrates, catering to a diverse patient base.
• Strong Financial Performance: Curaleaf has demonstrated consistent revenue growth and profitability, with annual revenue of $1.2 billion in 2022 and positive EBITDA in the past four quarters.

2. Green Thumb Industries (GTBIF):

• Strategic Brand Portfolio: Green Thumb Industries boasts a portfolio of well-recognized brands, including Rhythm, GTI, and Bebo, which have gained strong consumer loyalty.
• Focus on Cultivation Excellence: Green Thumb Industries is recognized for its efficient and high-quality cultivation practices, ensuring consistent product quality and yield.
• Expanding Retail Footprint: Green Thumb Industries is actively expanding its retail footprint, with plans to open new dispensaries in several states, increasing market reach and sales potential.

3. Tilray Brands (TLRY):

• Global Leader in Medical Cannabis: Tilray is a leading global producer of medical cannabis, with operations in Canada, Europe, and Latin America, providing access to patients worldwide.
• Strategic Partnerships: Tilray has established strategic partnerships with major pharmaceutical companies, such as Novartis, to develop and commercialize cannabis-based therapies for various medical conditions.
• Commitment to Research and Development: Tilray maintains a strong commitment to research and development, investing heavily in clinical trials and product innovation.

4. Trulieve Cannabis Corp. (TCNNF):

• Dominant Position in Florida: Trulieve is the dominant player in the Florida medical cannabis market, with the largest market share and a strong brand presence.
• Vertically Integrated Operations: Trulieve’s vertically integrated operations allow for greater control over product quality, supply chain management, and cost optimization.
• Expanding Product and Delivery Options: Trulieve is continuously expanding its product offerings and delivery methods, including vaporizers, edibles, and telemedicine services, to meet evolving patient needs.

5. TerrAscend Corp. (TRSSF):

• Focus on Cultivation and Processing: TerrAscend’s core strength lies in its cultivation and processing expertise, with highly efficient and scalable facilities.
• Targeted Market Expansion: TerrAscend is strategically expanding into high-growth markets, such as Maryland, New Jersey, and Pennsylvania, where it can leverage its cultivation expertise.
• Strong Financial Position: TerrAscend maintains a strong financial position with low debt levels and ample cash on hand, providing a solid foundation for future growth.

6 Cronos Group (CRON)

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Cronos Group logo

• Strong Cash Position: Cronos Group has a strong cash position, which will allow it to invest in growth opportunities and weather any downturns in the market.
• International Reach: Cronos Group has a strong international reach, with operations in Canada, Germany, Israel, and Australia.
• Experienced Leadership: Cronos Group has a team of experienced executives with a proven track record of success in the cannabis industry.

7 Canopy Growth Corporation (CGC)

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Canopy Growth Corporation logo

• Large-Scale Production: Canopy Growth Corporation is one of the largest cannabis producers in the world, with a significant production capacity.
• Diversified Product Portfolio: Canopy Growth Corporation has a diversified product portfolio, including flower, vapes, edibles, and topicals.
• Strong Brands: Canopy Growth Corporation has a number of strong brands, including Tweed, Tokyo Smoke, and Quatreau.

8 Aurora Cannabis Inc. (ACB)

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Aurora Cannabis Inc. logo

• Low-Cost Production: Aurora Cannabis Inc. has one of the lowest-cost production models in the cannabis industry.
• Global Footprint: Aurora Cannabis Inc. has a global footprint, with operations in Canada, Europe, South America, and Australia.
• Commitment to Sustainability: Aurora Cannabis Inc. is committed to sustainability, and it has a number of initiatives in place to reduce its environmental impact.

9 Hexo Corp. (HEXO)

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Hexo Corp. logo

• Strong Financial Position: Hexo Corp. has a strong financial position, with a healthy balance sheet and positive cash flow.
• Focus on Innovation: Hexo Corp. is a leader in cannabis innovation, and it is constantly developing new products and technologies.
• Partnership with Molson Coors: Hexo Corp. has a partnership with Molson Coors, which will help it to expand its distribution reach.

10 Vireo Health International Inc. (VIREO)

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Vireo Health International Inc. logo

• Focus on Medical Cannabis: Vireo Health International Inc. is focused on the medical cannabis market, and it has a strong track record of success in this area.
• Experienced Team: Vireo Health International Inc. has a team of experienced executives with a proven track record of success in the healthcare industry.
• Strong Patient Focus: Vireo Health International Inc. is committed to providing its patients with high-quality, affordable cannabis products.

11. Innovative Industrial Properties (IIPR)

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Innovative Industrial Properties logo

• Unique Reit Model: Innovative Industrial Properties is a REIT (Real Estate Investment Trust) that specializes in leasing properties to cannabis cultivators and processors. This unique business model provides exposure to the growth of the cannabis industry without the direct risks associated with cultivation and production.
• Diversified Portfolio: Innovative Industrial Properties has a diversified portfolio of properties in 19 states, ensuring exposure to a wide range of cannabis markets.
• Strong Financial Performance: Innovative Industrial Properties has a strong track record of financial performance, with consistent revenue growth and profitability.

12. Cresco Labs (CRLBF)

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Cresco Labs logo

• Vertical Integration: Cresco Labs is a vertically integrated cannabis company, meaning it controls all aspects of its business from cultivation to retail. This vertical integration allows for greater control over product quality, supply chain management, and cost optimization.
• Strong Brand Portfolio: Cresco Labs has a strong portfolio of brands, including Cresco, High Supply, and Mindy’s Edibles, catering to a diverse range of consumers.
• Expand International Footprint: Cresco Labs is expanding its international footprint, with operations in Canada and plans to enter into new markets in Europe and Latin America.

13. Ayr Wellness (AYRWF)

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Ayr Wellness logo

• Focus on Multi-State Expansion: Ayr Wellness is focused on expanding its operations into multiple states, with a presence in 15 states and a goal of reaching 20 states by the end of 2024.
• Patient-Centric Approach: Ayr Wellness takes a patient-centric approach to its business, prioritizing patient education, product quality, and access to affordable cannabis therapies.
• Emphasis on Retail Excellence: Ayr Wellness invests heavily in creating high-quality retail experiences, with modern dispensaries designed to provide a comfortable and welcoming environment for patients.

14. Verano Holdings Corp. (VRNOF)

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Verano Holdings Corp. logo

• Strong Focus on Cultivation: Verano Holdings Corp. is known for its focus on cultivation excellence, with highly efficient and scalable facilities that produce high-quality cannabis products.
• Expanded Product Portfolio: Verano Holdings Corp. is expanding its product portfolio beyond flower to include a range of value-added products, such as vapes, edibles, and concentrates.
• Strategic Partnerships: Verano Holdings Corp. has established strategic partnerships with major players in the cannabis industry, such as PharmaCann and Vireo Health International Inc., expanding its reach and market opportunities.

15. Harvest Health & Recreation Inc. (HRVF)

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Harvest Health & Recreation Inc. logo

• Strong Brand Presence: Harvest Health & Recreation Inc. has a strong brand presence in Arizona, where it is the leading cultivator and retailer of cannabis products.
• Expanding Footprint: Harvest Health & Recreation Inc. is expanding its footprint into other states, with operations in Maryland, Ohio, Pennsylvania, and California.
• Emphasis on Quality and Consistency: Harvest Health & Recreation Inc. is committed to providing high-quality, consistent cannabis products to its patients, prioritizing product testing and quality control measures.

16. iAnthus Capital Holdings, Inc. (ITHUF)

Opens in a new windowwww.newcannabisventures.com

• Experienced Management Team: iAnthus Capital Holdings, Inc. boasts a team of experienced executives with a proven track record in the cannabis industry, guiding the company’s strategic growth.
• Focus on Product Innovation: iAnthus Capital Holdings, Inc. emphasizes product innovation, developing unique and differentiated cannabis products to cater to evolving consumer preferences.
• Expansion into Adult-Use Markets: iAnthus Capital Holdings, Inc. is expanding its presence into adult-use markets, capitalizing on the growing recreational cannabis market.

17. Choom Holdings, Inc. (CHOOMF)

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Choom Holdings, Inc. logo

• Focus on Women’s Health: Choom Holdings, Inc. focuses on developing cannabis-based products specifically tailored to women’s health needs, addressing unique medical conditions and wellness concerns.
• Strategic Partnerships: Choom Holdings, Inc. has established strategic partnerships with leading players in the healthcare and wellness industries, expanding its reach and credibility.
• Emphasis on Branding and Education: Choom Holdings, Inc. invests heavily in branding and consumer education, promoting responsible cannabis use and highlighting its therapeutic potential.

18. Organigram Holdings Inc. (OGI)

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Organigram Holdings Inc. logo

• High-Quality Cultivation Practices: Organigram Holdings Inc. is renowned for its high-quality cultivation practices, utilizing advanced cultivation techniques and precision controls.
• Focus on Medical Cannabis: Organigram Holdings Inc. maintains a strong focus on the medical cannabis market, catering to patients seeking safe and effective cannabis-based therapies.
• Commitment to Sustainability: Organigram Holdings Inc. is committed to sustainable practices, implementing eco-friendly cultivation methods and reducing its environmental footprint.

19. Clever Leaves Holdings Inc. (CLVRF)

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Clever Leaves Holdings Inc. logo

• Focus on Sustainable Cultivation: Clever Leaves Holdings Inc. prioritizes sustainable cultivation practices, utilizing renewable energy sources, water conservation techniques, and environmentally friendly packaging.
• Global Cultivation Footprint: Clever Leaves Holdings Inc. maintains a global cultivation footprint, with operations in Colombia, Portugal, and the United Kingdom, expanding its reach into established and emerging markets.
• Proven Expertise in Cultivation: Clever Leaves Holdings Inc. has a proven track record of success in cultivation, operating highly efficient and scalable facilities that produce high-quality cannabis products.

20. Auxly Cannabis Group Inc. (XLY)

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Auxly Cannabis Group Inc. logo

• Diversified Business Model: Auxly Cannabis Group Inc. operates a diversified business model, encompassing cultivation, processing, distribution, and white-labeling services, offering a comprehensive approach to the cannabis industry.
• Strong Focus on Research and Development: Auxly Cannabis Group Inc. invests heavily in research and development, driving innovation in product formulations, cultivation techniques, and delivery methods.
• Strategic Partnerships: Auxly Cannabis Group Inc. has established strategic partnerships with major players in the cannabis and pharmaceutical industries, expanding its market reach and expertise.

21. Village Farms International, Inc. (VFF)

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Village Farms International, Inc. logo

• Sustainable Hydroponic Cultivation: Village Farms International, Inc. specializes in sustainable hydroponic cultivation, utilizing advanced irrigation systems and nutrient delivery methods to optimize yield and minimize environmental impact.
• Focus on Premium Cannabis Products: Village Farms International, Inc. focuses on producing premium cannabis products, targeting the high-end segment of the market with high-quality flower, vapes, and edibles.
• Experienced Management Team: Village Farms International, Inc. boasts an experienced management team with a strong track record in the agriculture and consumer goods industries.

22. Planet 13 Holdings Inc. (PLNHF)

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Planet 13 Holdings Inc. logo

• Focus on Retail Experiences: Planet 13 Holdings Inc. emphasizes creating immersive and engaging retail experiences, designing its dispensaries as entertainment destinations with interactive elements and educational touchpoints.
• Diversified Product Portfolio: Planet 13 Holdings Inc. offers a diversified product portfolio, catering to a wide range of consumers with flower, vapes, edibles, concentrates, and topicals.
• Expansion into New Markets: Planet 13 Holdings Inc. is actively expanding into new markets, with plans to open dispensaries in Nevada, Florida, and Illinois.

23. Sundial Growers Inc. (SNDL)

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Sundial Growers Inc. logo

• Focus on Low-Cost Production: Sundial Growers Inc. emphasizes low-cost production, leveraging its efficient cultivation facilities and innovative growing techniques to optimize yield and minimize operating expenses.
• Commitment to Quality: Sundial Growers Inc. maintains a strong commitment to quality, implementing rigorous testing protocols and adhering to high standards for product consistency and safety.
• Expanding International Footprint: Sundial Growers Inc. is expanding its international footprint, with plans to enter into new markets, such as Europe and Australia.

24. Charlotte’s Web Holdings, Inc. (CWBHF)

Charlotte’s Web Holdings, Inc. is a pioneer in the development and production of hemp-derived cannabidiol (CBD) wellness products. The company’s flagship product, Charlotte’s Web CBD oil, is a popular choice among individuals seeking natural relief from anxiety, pain, and other conditions.

25. GrowGeneration Corp. (GRWG)

GrowGeneration Corp. is a leading provider of hydroponic equipment, nutrients, and cultivation supplies to cannabis growers. The company’s extensive product offerings and nationwide distribution network make it a key player in the cannabis industry’s infrastructure.

26. MedMen Enterprises, Inc. (MMNFF)

MedMen Enterprises, Inc. is a vertically integrated cannabis company with a focus on branded retail experiences and cultivation. The company operates dispensaries in several states and produces a range of cannabis products, including flower, vapes, and edibles.

27. Green Acreage Holdings, Inc. (GRAC)

Green Acreage Holdings, Inc. is a cannabis cultivator and processor with a focus on providing high-quality cannabis products to licensed dispensaries. The company’s cultivation facilities are among the largest and most technologically advanced in the industry.

28. 22nd Century Group, Inc. (XXII)

22nd Century Group, Inc. is a tobacco company with a growing focus on the medicinal cannabis industry. The company is developing a portfolio of cannabis-based products, including inhalable therapies and smokable products.

29. Verano Holdings Corp. (VRNOF) Verano Holdings Corp. is a vertically integrated cannabis company operating in 14 U.S. states. The company offers a diverse product portfolio, including flower, vapes, edibles, concentrates, and topicals. Verano Holdings is known for its focus on cultivation excellence, with highly efficient and scalable facilities that produce high-quality cannabis products.

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Verano Holdings Corp. logo

30. Harvest Health & Recreation Inc. (HRVF)

Harvest Health & Recreation Inc. is a vertically integrated cannabis company operating in Arizona, California, Maryland, Michigan, New Jersey, New York, Ohio, and Pennsylvania. The company offers a diverse product portfolio, including flower, vapes, edibles, concentrates, and topicals. Harvest Health & Recreation is focused on quality and consistency, prioritizing product testing and quality control measures.

31. Aphria Inc. (APHAF)

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Aphria Inc. logo

Aphria Inc. is a vertically integrated cannabis company operating in Canada, Germany, and the United Kingdom. The company offers a diverse product portfolio, including flower, vapes, edibles, concentrates, and topicals. Aphria has a strong focus on research and development, with a team of scientists and researchers dedicated to developing new cannabis-based therapies.

32. Sativa Holdings Inc. (SATI)

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Sativa Holdings Inc. logo

Sativa Holdings Inc. is a vertically integrated cannabis company operating in California, Michigan, and Nevada. The company offers a diverse product portfolio, including flower, vapes, edibles, concentrates, and topicals. Sativa Holdings is focused on sustainability, with a commitment to reducing its environmental impact through eco-friendly cultivation practices and energy-efficient operations.

33. The Green Organic Dutchman Holdings Ltd. (TGODF)

Opens in a new windowwww.cbdtoday.com

Green Organic Dutchman Holdings Ltd. logo

The Green Organic Dutchman Holdings Ltd. is a vertically integrated cannabis company operating in Canada and the United States. The company offers a diverse product portfolio, including flower, vapes, edibles, concentrates, and topicals. The Green Organic Dutchman is focused on premium cultivation practices, using organic farming methods and advanced technology to produce high-quality cannabis products.

34. Innovative Industrial Properties (IIPR)

Opens in a new windowwww.businesswire.com

Innovative Industrial Properties logo

Innovative Industrial Properties is a REIT (Real Estate Investment Trust) that specializes in leasing properties to cannabis cultivators and processors. This unique business model provides exposure to the growth of the cannabis industry without the direct risks associated with cultivation and production. Innovative Industrial Properties has a strong financial position, with a healthy balance sheet and positive cash flow. The company’s portfolio of properties is diversified across 19 states, ensuring exposure to a wide range of cannabis markets.