A legalization movement around the globe has propelled cannabis into the headspace of investors as a legitimate play. It is an emerging market seeking to establish itself in the eyes of the public.
Canada led the conversation by legalizing the drug for recreational use in October 2018, kickstarting a rush of cannabis ventures seeking capital from investors.
In the past several years, investors have gained access to a variety of cannabis companies in various stages of development. These companies are raising capital thanks to public listings on popular Canadian exchanges, including the Toronto Stock Exchange (TSX), its smaller sibling market the TSX Venture Exchange (TSXV) and the Canadian Securities Exchange (CSE).
For those interested in cannabis investment, the Investing News Network offers a look at a variety of publicly traded Canadian cannabis stocks. The list includes cannabis- and hemp-focused stocks, and companies are organized according to which exchange they are listed on.
The TSX offers investors a new venue for cannabis ventures, and it has seen leaders in the cannabis industry join its ranks, including massive licensed producers expanding their product and brands.
Alcanna (TSX:CLIQ,OTC Pink:LQSIF)
Alcanna is an alcohol retail operator first and foremost, but thanks to an investment from Aurora Cannabis (TSX:ACB,NYSE:ACB), the company now also manages marijuana retail shops across the country under the retail brand name Nova Cannabis.
Aleafia Health (TSX:AH,OTCQX:ALEAF)
After completing a key acquisition, the firm was able to reach the TSX and gain a spot amid some of the top cannabis producers in Canada. Aleafia Health has a direct focus on the health and wellness space and its relationship with cannabis products.
Aphria was one of the first cannabis companies to reach the TSX and help solidify the growth of the marijuana industry. After undergoing a management change, the firm has maintained attention to its scale by growing its operations and international ventures.
Aurora Cannabis (TSX:ACB,NYSE:ACB)
Aurora Cannabis has secured a spot among the leading producers of marijuana in Canada, and has operations across the globe. The company has continued a steady path of acquisitions for players involved in all parts of the supply chain and development of marijuana technology.
Auxly Cannabis Group (TSX:XLY,OTCQX:CBWTF)
Created by Chuck Rifici, co-founder of Tweed, Auxly Cannabis Group operates as a cannabis streaming investment firm looking to boost various plays related to the sector.
This company is focused on the cultivation of non-psychoactive cannabis plants to produce CBD extracts. It sells its products through the Pura Elements and Pura Earth brand names.
Canopy Growth (TSX:WEED,NASDAQ:CGC)
Canopy Growth is one of the largest leading Canadian cannabis producers, with investments across the entire sector. The firm has a significant investment from alcohol-maker Constellation Brands (NYSE:STZ).
Cardiol Therapeutics is working on the development of medicines based on pharmaceutical-grade cannabidiol (CBD) and refining the production of lab-made elements of cannabis for medical use.
Charlotte’s Web Holdings (TSX:CWEB,OTCQX:CWBHF)
This Colorado-based company operates as a hemp producer distributing novelty products in the legal US market. Shares of Charlotte’s Web Holdings reached the TSX after regulators gained more clarity on the legal status of hemp in the US.
Cronos Group (TSX:CRON,NASDAQ:CRON)
Cronos Group is a leading marijuana firm with a blockbuster investment deal from Altria Group (NYSE:MO), one of the biggest tobacco producers in the world. The firm, like many other producers, has expressed interest in entering the US cannabis market at an appropriate time.
Delta 9 Cannabis (TSX:DN,OTCQX:DLTNF)
TSX cannabis stock Delta 9 Cannabis is a vertically integrated cannabis company selling cannabis products through its wholesale and retail sales channels.
Fire & Flower Holdings (TSX:FAF,OTCQX:FFLWF)
Fire & Flower Holdings is a licensed cannabis retailer that owns cannabis retail store licences in the Canadian provinces of Alberta, Saskatchewan, Manitoba and Ontario, as well as the Yukon.
Colorado-based HempFusion Wellness specializes in full-spectrum CBD hemp extract distribution and development for the US cannabis market.
Similar to its producer peers, HEXO was able to secure a partnership with an established beverage maker to develop cannabis-infused drinks, thanks to a joint venture with Molson Coors Brewing Company (NYSE:TAP).
InMed Pharmaceuticals (TSX:IN,NASDAQ:INM)
InMed Pharmaceuticals operates as a biopharmaceutical company, but its focus is set on the development of CBD-based therapeutics for disease treatment. Its pipeline has three candidates.
MediPharm Labs (TSX:LABS,OTCQX:MEDIF)
MediPharm Labs, another TSX cannabis stock, is a cannabis extraction company working on offering pharmaceutical-grade cannabis oils and concentrates to be used for infused products. The firm expects to process 250,000 kilograms of dry cannabis per year for extraction.
Neptune Wellness Solutions (TSX:NEPT,NASDAQ:NEPT)
Neptune Wellness Solutions is a company working in the extraction market alongside the marijuana space for novelty products. The firm also produces cannabis capsules using Licaps technology.
Organigram Holdings (TSX:OGI,NASDAQ:OGI)
Organigram Holdings is a leading Canadian licensed producer of high-quality medical and recreational cannabis. Outside Canada, it is developing international partnerships to extend its global footprint.
RIV Capital (TSX:RIV,OTC Pink:CNPOF)
This company is a cannabis investment and acquisition firm with a portfolio of 13 companies across various segments of the cannabis value chain.
Tetra Bio-Pharma (TSX:TBP,OTCQB:TBPMF)
Tetra Bio-Pharma is researching and developing medicines based on cannabis and its elements.
The Green Organic Dutchman Holdings (TSX:TGOD,OTCQX:TGODF)
The Green Organic Dutchman Holdings promises the benefits of organic cannabis production and cost-effective operations. The company touts an international portfolio with operations in Europe and Latin America.
The Supreme Cannabis Company (TSX:FIRE,OTCQX:SPRWF)
The Supreme Cannabis Company has earned a reputation as a dedicated producer whose operations are growing at a steady scale. This company has a focus on brand development and an interest in international plays for the cannabis market.
The Valens Company (TSX:VLNS,OTCQX:VLNCF)
The Valens Company is a vertically integrated provider of cannabis products, and is well positioned to become a leader in the emerging global-wide cannabis nutraceuticals market, which includes cannabis oils, extracts, beverages and edibles.
Village Farms International (TSX:VFF,NASDAQ:VFF)
TSX cannabis stock Village Farms International is a vertically integrated greenhouse grower across North America. The company wholly owns BC-focused cannabis producer Pure Sunfarms.
VIVO Cannabis (TSX:VIVO,OTCQX:VVCIF)
VIVO Cannabis is a Canadian licensed producer of medical and recreational cannabis.
Zenabis Global (TSX:ZENA)
The resulting company from a reverse takeover between Sun Pharm Investments and Bevo Agro, this cannabis producer offers consumers a variety of recreational products.
As mentioned, the TSXV is the smaller sibling to the larger TSX. This exchange offers a variety of cannabis-related businesses, from growers to biotech companies looking for cannabinoid therapies.
This company is a marijuana producer looking to offer a variety of products for the recreational market in Canada, including for the health and wellness industry. 48North is a licensed outdoor grower of cannabis.
Avricore Health (TSXV:AVCR,OTCQB:AVCRF)
While Avricore Health operates as a healthcare technology company, in 2017 the firm made a deal with Emerald Health Therapeutics (TSXV:EMH,OTCQX:EMHTF) for the right to develop and sell endocannabinoid products in Canada to licensed pharmacies.
CanadaBis Capital (TSXV:CANB)
This cannabis company is targeting the Canadian market through a business model that is focused on cultivation, research, product development, retail and hemp.
Cannara Biotech (TSXV:LOVE,OTCQB:LLOVFF)
This company operates in Canada and the US thanks to its operations in Quebec and the start of branded hemp-derived CBD products.
Through its partners, investment firm Elixxer presently has significant interests in Australia, Jamaica, Switzerland, Italy and Canada.
Emerald Health Therapeutics (TSXV:EMH,OTCQX:EMHTF)
This Canadian cannabis company holds a variety of growing assets in the country. The firm holds a 50/50 joint venture for the management of a grower in BC with Village Farms International (TSX:VFF,NASDAQ:VFF).
EnWave (TSXV:ENW,OTC Pink:NWVCF)
EnWave is a technology company that has centered itself in the cannabis business thanks to its Radiant Energy Vacuum drying technology for organic materials. It effectively decreases the time from the harvest to the sale of cannabis products.
Eve & Co. (TSXV:EVE,OTCQX:EEVVF)
Eve & Co. is a Canadian cannabis producer that, thanks to its subsidiary Natural MedCo, is targeting female consumers, specifically with premier brands.
Experion Holdings (TSXV:EXP,OTCQB:EXPFF)
Formerly known as Viridium Pacific Group, this cannabis investment firm holds a portfolio of assets, including its licensed producer Experion Biotechnologies in BC.
The Flowr Corporation (TSXV:FLWR,OTC Pink:FLWPF)
The Flowr Corporation is a vertically integrated cannabis company working on the cultivation and sale of medical and recreational marijuana in Canada.
FluroTech is a technology company working on a cost-effective testing platform for the cannabis industry at large. The company’s proprietary CompleTest employs fluorescence spectroscopy technology to measure the specific contents of the product.
GTEC Holdings (TSXV:GTEC,OTCQB:GGTTF)
This Kelowna-based cannabis company is vertically integrated, with operations in the cultivation, extraction and analytical testing sectors. The company is also pursuing retail operations through various investments.
Harvest One Cannabis (TSXV:HVT,OTCQB:HRVOF)
Harvest One Cannabis is a cannabis company with production and assets spread across Canada, Europe, Israel and Australia. The company gains its reach thanks to its three subsidiaries: United Greeneries, Satipharm and Dream Products.
High Tide (TSXV:HITI,OTCQB:HITIF)
This marijuana company operates on two different fronts as it develops modern accessories for consumers and also manages a line of retail shops across Canada.
This beverage maker has made its name thanks to its development of non-alcoholic beverages. Now the firm will offer consumers cannabis-infused drinks.
INDIVA is a company focused on the supply of medical cannabis. Through an acquisition, it holds a licensed producer with an indoor cannabis facility in Ontario.
Kalytera Therapeutics (TSXV:KLY,OTCQB:KLY)
This is a pharma company working on the development of CBD-based therapeutics for disease treatment.
Khiron Life Sciences is a Colombia-based cannabis company raising capital in Canada. The firm has declared that it will seek to expand its presence through Latin America, including Mexico.
Meta Growth (TSXV:META)
This company is a retail operator managing cannabis shops across Canada. Meta Growth manages two recreational store brands: Meta Cannabis Supply and NewLeaf Cannabis.
Namaste Technologies (TSXV:N,OTCQB:NXTTF)
After a tumultuous management change, Namaste Technologies has centered back on its investments and the development of its marijuana play, which includes its online platform of cannabis consumer information.
Naturally Splendid Enterprises (TSXV:NSP,OTC Pink:NSPDF)
Naturally Splendid Enterprises is a biotech company developing hemp products for consumers in the health and wellness space. It plans to pursue a stake in the edible cannabidiol market as well.
Pharmacielo is another cannabis company originally from Colombia raising capital in the Canadian markets. The company is headquartered in Canada, but operates part of its marijuana growing in Colombia.
Radient Technologies (TSXV:RTI,OTC Pink:RDDTF)
Radient Technologies is an extraction technology company that has dabbled in the cannabis sector thanks to a partnership with licensed producer Aurora Cannabis (TSX:ACB,NYSE:ACB).
Relevium Technologies (TSXV:RLV,OTC Pink:RLLVF)
Thanks to its subsidiary Biocannabix, this company has a cannabis play in the development of pharmaceutical-grade products infused with cannabinoid formulations.
Rubicon Organics (TSXV:ROMJ,OTCQX:ROMJF)
Rubicon Organics is a Canada-based cannabis producer focused on organic and premium growth out of its BC facility. The company also participates in the US market with the management of two brands and a presence in the Washington state marijuana space.
Skylight Health Group (TSXV:SHG,OTCQX:SHGFF)
Skylight Health Group is a cloud-based cannabis healthcare services and tech company that connects patients, physicians and suppliers for assessment, qualification, registration and access to medication.
SugarBud Craft Growers (TSXV:SUGR,OTCQB:SBUDF)
Like some other Canadian cannabis producers, this Alberta company specializes in growing and developing craft-style premium cannabis products.
Target Capital (TSXV:TCI)
Doing business as CBi2 Capital, this Alberta-based company’s investment strategy focuses on developing and managing a diversified portfolio of predominantly early stage cannabis opportunities.
Therma Bright (TSXV:THRM)
Therma Bright is a medical device company that has a subsidiary seeking to carve up a space in the technology space for medical and recreational marijuana thanks to its pain relief device.
WeedMD is another Canadian cannabis producer making product for the medical and recreational markets in Canada. Its subsidiaries include WeedMD Rx and CX Industries.
The CSE offers Canadian companies the ability to seek cannabis business possibilities in the US, as long as they disclose risks properly to shareholders. It has become a key excchange for companies in the space.
1933 Industries (CSE:TGIF,OTCQB:TGIFF)
This vertically integrated company operates assets in both the Canadian and US cannabis markets, focusing on cultivation, extraction and production of hemp-derived items.
4Front Ventures has established cannabis cultivation, production, manufacturing and retail operations across the US, including six cultivation and manufacturing facilities in Washington, Illinois and Massachusetts. It also has licenses in place enabling it to develop manufacturing facilities in both Arizona and California.
Acreage Holdings (CSE:ACRG.A.U,OTCQX:ACRHF)
Acreage Holdings is one of the largest MSOs in the US market. This company has an acquisition deal in place with Canopy Growth (TSX:WEED,NASDAQ:CGC) that will take effect once marijuana becomes legal in the US at the federal level.
Adastra Labs Holdings (CSE:XTRX)
Adastra Labs Holdings is a standard cannabis processor and analytical testing laboratory in Canada, and intends to become a one-stop-shop for cannabis concentrates and value-added cannabis products.
Affinor Growers (CSE:AFI,OTCQB:RSSFF)
This company offers agricultural technology to clients looking to improve their food-growing businesses. As part of its cannabis operations, the firm offers specialized lights for the growing of marijuana.
AgraFlora Organics International (CSE:AGRA,OTC Pink:AGFAF)
This vertically integrated cannabis company oversees cultivation assets in Canada for production and operates a variety of brands in various aspects of the market.
AMP German Cannabis Group (CSE:XCX)
AMP German Cannabis Group is licensed to import European Union Good Manufacturing Practice medical cannabis from Europe and elsewhere into Germany. AMP sources, stores, transports, delivers and sells medical cannabis products to pharmaceutical distributors or pharmacists directly.
AREV NanoTec Brands (CSE:AREV,OTC Pink:AREVF)
This specialty natural health product company plans to develop items in the cannabis market targeting the health and wellness space.
Asia Green Biotechnology (CSE:ASIA)
This early stage company uses its agriculture technologies for growing hemp in Southeast Asia.
Australis Capital (CSE:AUSA,OTCQB:AUSAF)
A spinoff from Aurora Cannabis (TSX:ACB,NYSE:ACB), this firm is designed to provide investments in the overall cannabis market, including operations in the US and internationally.
Ayr Wellness (CSE:AYR.A,OTCQX:AYRWF)
Ayr Wellness is a vertically integrated US cannabis MSO focused on high-growth markets. The company cultivates and manufactures branded cannabis products for distribution through its network of retail outlets and through third-party stores.
BC Craft Supply (CSE:CRFT,OTC Pink:CRFTF)
BC Craft Supply allows trusted cannabis cultivators in Canada to enter its supply chain. In exchange for support with licensing, compliance and distribution, cultivators sign on as BC Craft suppliers.
Belgravia Hartford Capital (CSE:BLGV,OTC Pink:BLGVF)
This ancillary company to the marijuana industry offers a variety of services adjacent to the growing of cannabis, such as a product tracking platform that uses blockchain technology.
Benchmark Botanics (CSE:BBT)
This Canadian cannabis producer has cultivation operations in Peachland, BC. It also produces cannabis extracts such as oils.
BetterLife Pharma (CSE:BETR,OTCQB:BETRF)
BetterLife Pharma, a biopharmaceutical company, has a subsidiary exploring the research of cannabinoid-based nutraceutical and pharmaceutical items.
Better Plant Sciences (CSE:PLNT,OTCQB:VEGGF)
Better Plant Sciences develops and acquires intellectual property and other assets related to plant-based products and therapeutics. The company develops, manufactures, markets, sells and distributes plant-based products, and owns over 400 proprietary product formulas.
As its name indicates, this company is focused on the development of cannabis-infused beverages for consumers, and the development of the brands attached to these drinks.
Bhang is a cannabis brand company operating a significant portfolio of cannabis, hemp-derived cannabidiol (CBD) and terpene products.
BioHarvest Sciences is targeting international demand for natural products that promote health and wellness. This includes consumer products ranging from foods enriched with active ingredients like antioxidants, to cleaner and more consistent cannabis products.
Biome Grow (CSE:BIO,OTCQB:BIOIF)
Thanks to its subsidiaries, this company has a cultivation-to-distribution business model with its cannabis operations in Atlantic Canada.
Blueberries Medical (CSE:BBM,OTCQB:BBRRF)
This international cannabis company is a producer in Latin America with licensed operations in Colombia and new assets in Argentina.
Body and Mind (CSE:BAMM,OTCQB:BMMJ)
Through its Nevada-based subsidiary, Body and Mind produces marijuana products such as dried flower, oil extracts and edible items.
C21 Investments (CSE:CXXI,OTCQX:CXXIF)
C21 Investments is a vertically integrated cannabis company with a direct focus on the US market thanks to its operations in Oregon.
Canada House Cannabis Group (CSE:CHV)
This company utilizes the value of its subsidiaries to pursue the cannabinoid therapy market.
CanaFarma Hemp Products (CSE:CNFA)
CanaFarma Hemp Products is a full-service company operating in the hemp industry offering a full range of hemp-related products and services.
Canbud Distribution (CSE:CBDX)
Science and technology company Canbud Distribution specializes in the clone-to-consumer hemp value chain, as well as psychedelic microdosing, functional mushrooms, nutraceuticals and plant-based proteins.
Cannabix Technologies (CSE:BLO,OTC Pink:BLOZF)
This technology company is actively developing breath-testing devices that offer guaranteed detection of marijuana use in impaired drivers.
CannAmerica Brands (CSE:CANA,OTC Pink:CNNXF)
This company uses the brands in its portfolio to offer consumers specialty products. CannAmerica Brands has operations in Colorado, Nevada and Maryland.
Canntab Therapeutics (CSE:PILL,OTCQB:CTABF)
This Ontario-based oral dosage formulation company researches and develops advanced pharmaceutical-grade formulations of cannabinoids.
This MSO is based in Florida, but manages assets across the US, including in Pennsylvania and Puerto Rico.
Captiva Verde Land (CSE:PWR)
A newcomer to the public markets, this company is a real estate investment firm with cannabis assets in New Brunswick.
Captor Capital (CSE:CPTR)
Captor Capital is a vertically integrated cannabis investment company focused on the US marijuana market and looking for exposure across the industry’s supply chain.
CBD Global Sciences (CSE:CBDN,OTC Pink:CBDNF)
CBD Global Sciences is a vertically integrated hemp-based CBD producer, extractor and branding investment vehicle that currently owns two product categories branded under the names AETHICS and CANNAOIL. These include CBD oil tinctures, CBD capsules and CBD topicals.
Chemesis International (CSE:CSI,OTC Pink:CADMF)
Chemesis International is a vertically integrated cannabis company with operations in Puerto Rico and California.
Chemistree Technology (CSE:CHM,OTCQB:CHMJF)
This cannabis investment company looks for exposure to the US cannabis market and seeks to offer turnkey solutions for the legal industry.
Choom Holdings (CSE:CHOO,OTCQB:CHOOF)
Choom Holdings is a retail operator of marijuana dispensaries in Canada looking to leverage its expertise with new stores in North America.
Christina Lake Cannabis (CSE:CLC,OTCQB:CLCFF)
Christina Lake Cannabis is a licensed cannabis producer in BC that offers sun-grown cannabis flower, oil cannabinoids and hemp-based extracts and derivatives to the domestic and international markets.
City View Green Holdings (CSE:CVGR,OTCQB:CVGRF)
This early stage cannabis company seeks to operate a growth, extraction, production and retail business cycle model with vertical integration.
CLS Holdings USA (CSE:CLSH,OTCQB:CLSH)
This cannabis company holds a dispensary operation in Nevada and is targeting an entry to Massachusetts. The firm credits its proprietary extraction technology for its results.
Codebase Ventures bills itself as a company that makes strategic investments in emerging sectors and markets, including cannabis, technology and select cryptocurrencies.
Columbia Care (CSE:CCHW,OTCQX:CCHWF)
Columbia Care is one of the largest and most experienced cultivators, manufacturers and providers of medical and adult-use cannabis products and related services. It has licenses in 18 US jurisdictions and in the EU.
This Canadian cannabis company offers services related to the processing side of the marijuana space.
Cresco Labs (CSE:CL,OTCQX:CRLBF)
One of the leading MSOs in the public space, Cresco Labs has gained the attention of investors and analysts thanks to its rapid expansion across legal state cannabis markets.
Curaleaf Holdings (CSE:CURA,OTCQX:CURLF)
Curaleaf Holdings is another leading MSO in the public markets. It has a large portfolio of cannabis assets across the legal US state markets, including Arizona, Connecticut, Florida, Maine, Maryland, Massachusetts, Nevada, New Jersey, New York and Oregon.
Discover Wellness Solutions (CSE:WLNS,OTC Pink:WLNSF)
Discover Wellness Solutions is a cannabis company working to obtain a cultivation license in Canada through its subsidiary Rocky Mountain Marijuana.
EGF Theramed Health (CSE:TMED,OTC Pink:EVAHF)
This medical technology company has a spot in the marijuana sector thanks to specialized systems designed to monitor CBD consumption and effects in patients.
Empower Clinics (CSE:CBDT,OTC Pink:EPWCF)
Empower Clinics oversees the management of a growing network of medical cannabis clinics in the US.
This company is based in Canada, but has operations in Africa and Europe. Through its subsidiaries, the firm focuses on sustainable cultivation of marijuana and hemp for the production of pharmaceutical-grade products.
FinCanna Capital (CSE:CALI,OTCQB:FNNZF)
FinCanna Capital is a royalty finance company evaluating the cannabis market in the US, with a direct interest in California. The company offers access to capital for companies as part of a royalty payment methodology.
Fiore Cannabis (CSE:FIOR,OTCQX:FIORF)
Fiore Cannabis is an MSO running a state-of-the-art cultivation and production facility in Nevada and an award-winning dispensary focused on cannabis wellness products in California.
Flower One Holdings (CSE:FONE,OTCQX:FLOOF)
Flower One Holdings is a cannabis company based in Nevada with full-service cultivation operations all the way into processing and packaging. The company manages key retail brands to expand its business.
FSD Pharma (CSE:HUGE,NASDAQ:HUGE)
FSD Pharma is a cannabis company that is undertaking research and development of cannabinoid treatments for serious diseases. A subsidiary of the company holds a cultivation license in Canada.
GABY is a pure-play health and wellness company looking to sell CBD-infused products to consumers in the mainstream grocery environment.
Michigan cannabis cultivator, retailer and brand Gage Growth operates three licensed cultivation and processing facilities, and has 10 contract grow agreements in place. Gage also operates seven dispensaries throughout the state.
Gaia Grow (CSE:GAIA)
Gaia Grow is a licensed cultivator of industrial hemp. Through contract farming the company uses existing farmland and skilled farmers to cultivate industrial hemp, which it then sells to processors to be turned into hemp fiber and CBD oil and concentrates.
Global Cannabis Applications (CSE:APP,OTC Pink:FUAPF)
The company seeks patients looking for more advanced cannabis-based medicines through its Citizen Green Technology Platform, which aims to find candidates for clinical studies.
Global Health Clinics (CSE:MJRX)
This company operates under a two part business model of creating and generating leads for cannabis producers in Canada alongside ancillary businesses, as well as connecting medical patients with producers.
Global Hemp Group (CSE:GHG,OTCQB:GBHPF)
Global Hemp Group is seeking a market share in the industrial hemp market in North America through two phases of development.
This company is a Canadian merchant bank that provides medical cannabis companies across the globe with funding solutions.
Gnomestar Craft (CSE:GNOM)
Gnomestar Craft is a craft cannabis producer in BC. The company operates a 12,000 square foot indoor facility and is growing proprietary cultivars for the adult-use recreational cannabis market.
Golden Leaf Holdings (CSE:GLH,OTCQB:GLDFF)
Golden Leaf Holdings is a cannabis oil and solutions provider in North America with operations in Oregon, Nevada and Canada.
Green Thumb Industries (CSE:GTII,OTCQX:GTBIF)
Green Thumb Industries is a Chicago-based MSO with cannabis operations across the legal US state markets, including a dispensary network.
Grown Rogue International (CSE:GRIN)
Grown Rogue International is a cannabis company in the US with critical assets in California, Oregon and Michigan. It offers branded marijuana products.
Co-founded by cannabis activist and leader Steve DeAngelo, this company has established a presence in the California market and went public in Canada after completing a reverse takeover.
Harvest Health & Recreation (CSE:HARV,OTCQX:HRVSF)
This MSO has a significant footprint across the US marijuana market through the management of cultivation and retail assets in legal state markets.
Hemp for Health (CSE:HFH)
Hemp for Health is a cultivator and distributor of premium CBD products with an exclusive, long-term contract for land with farmers in the Tuscan region of Italy for the purpose of yielding the highest-quality hemp-based CBD.
Heritage Cannabis Holdings (CSE:CANN,OTCQX:HERTF)
This cannabis company has completed a variety of acquisitions to pursue its target of becoming a vertically integrated operator with cultivation, extraction and branding assets.
Hollister Biosciences (CSE:HOLL,OTC Pink:HSTRF)
Hollister Biosciences is a cannabis MSO that is developing a premium brand portfolio of high-quality cannabis and hemp products by controlling the whole process, from manufacturing to sales to distribution.
iAnthus Capital Holdings (CSE:IAN,OTC Pink:ITHUF)
After successfully completing the acquisition of the US assets from a fellow cannabis company, iAnthus Capital Holdings has expanded its footprint as an MSO across the US.
Icanic Brands Company (CSE:ICAN,OTCQB:ICNAF)
Icanic Brands Company is a cannabis company with operations in California and Nevada. It exclusively sells branded products.
Ignite International Brands (CSE:BILZ,OTCQX:BILZF)
Ignite International Brands is a vertically integrated cannabis company focused on premium brand development across the markets in which it operates.
IM Cannabis (CSE:IMCC,NASDAQ:IMCC)
IM Cannabis is an Israel-based cannabis operator that offers medical products in the country and holds a subsidiary in Germany to distribute its offerings in the European market.
Through its subsidiaries, INDVR Brands cultivates, processes and markets cannabis. The company offers cannabis asset acquisition, brand development and distribution services.
Inner Spirit Holdings (CSE:ISH,OTCQB:INSHF)
Inner Spirit Holdings is a cannabis retailer operating its Spiritleaf dispensary brand of marijuana stores across the Canadian market.
Innocan Pharma (CSE:INNO,OTCQB:INNPF)
Innocan Pharma is a pharmaceutical tech company focused on the development of several drug-delivery platforms that combine CBD with other pharmaceutical ingredients.
Ionic Brands (CSE:IONC,OTC Pink:IONKF)
Ionic Brands is building a multi-state cannabis concentrate brand portfolio that includes premium and luxury vape concentrates and edibles. The cornerstone in its portfolio is vaporizer brand IONIC.
Isracann Biosciences (CSE:IPOT,OTC Pink:ISCNF)
Isracann Biosciences is the first enterprise-scale farm-to-consumer cannabis project in Israel.
Jushi Holdings (CSE:JUSH,OTCQB:JUSHF)
Jushi Holdings is a globally focused cannabis and hemp company. In the US, Jushi is focused on building a multi-state portfolio of branded cannabis and hemp-derived assets through opportunistic acquisitions, distressed workouts and competitive applications.
Juva Life (CSE:JUVA,OTCQB:JUVAF)
Juva Life has developed a technology platform that uses chemistry, clinical and data science to identify and develop safe, evidence-based consumer and pharma applications for cannabis products.
This company is a US-based nootropic and functional beverage firm specializing in cognition-improving drinks, powders and capsules to satisfy a burgeoning organic food and drink market, while also addressing demand from consumers looking to boost brain function.
Leviathan Natural Products (CSE:EPIC,OTCQB:LVCNF)
Leviathan Natural Products is a marketing and consumer engagement company offering its services to the North American marijuana industry.
This biotechnology company employs its patented DehydraTECH technology as the basis for its platform offerings. TurboCBD is a high-absorption, full-spectrum hemp oil capsule, and ChrgD+ is a water-soluble and ready-to-mix hemp supplement powder packet.
Lobe Sciences is focused on growth-oriented technologies with a core interest in transformational medicines and wellness. Although it is mainly targeting the psychedelics market, it also has a cannabis subsidiary.
Lotus Ventures (CSE:J)
This Canadian cannabis producer is targeting high-end consumers with its Lotus Cannabis brand. The firm has an offtake agreement with Auxly Cannabis Group (TSXV:XLY,OTCQX:CBWTF).
Lowell Farms (CSE:LOWL,OTCQX:LOWLF)
Lowell Farms is a US-based, vertically integrated cannabis company with production operations. It also oversees the development of branded products.
Luff Enterprises (CSE:LUFF)
Luff Enterprises is a CBD lifestyle company that manufactures and distributes hemp-based cannabinoid wellness products in the US.
ManifestSeven Holdings (CSE:MSVN,OTC Pink:MNFSF)
ManifestSeven Holdings operates an integrated omnichannel platform for legal cannabis, merging compliant distribution with retail.
Thanks to its subsidiary, this firm cultivates cannabis in Quebec with plans for further expansion. The company is also pursuing alternative delivery methods for cannabis such as topical products.
MedMen Enterprises (CSE:MMEN,OTCQX:MMNFF)
MedMen Enterprises is an MSO that has been able to gain the attention of the California market thanks to its dispensaries and marketing. The firm has operations across the US and wants to expand its reach.
MedXtractor is a technology and marketing company engaged in selling and manufacturing proprietary carbon dioxide-based extractors that are used to remove essential oils and compounds from various botanical materials, including for the production of high-potency, high-purity medical cannabis extracts.
MJardin Group (CSE:MJAR,OTC Pink:MJARF)
MJardin Group is a cannabis management platform company operating over 30 cannabis operations.
Mojave Brands (CSE:MOJO)
This Canadian cannabis company has operations in the US cannabis market through the management of its distribution subsidiary in the California cannabis industry.
Molecule Holdings (CSE:MLCL)
Molecule Holdings works with its clients to engage in the production of cannabis-infused beverages and edibles. The company provides the infrastructure, know how, technology and licensing for craft producers to create consumable cannabis products.
MPX International (CSE:MPXI,OTCQB:MPXOF)
After selling its US assets, this firm is focused on the development of its Canadian facility and an expansion into the European market.
MustGrow Biologics (CSE:MGRO,OTCQX:MGROF)
MustGrow Biologics is an agricultural biotech company focused on developing and commercializing its unique natural biopesticide, which acts as a pesticide, fumigant, fertilizer, nematocide and fungicide. The company is targeting the fruit, vegetable and cannabis industries.
MYM Nutraceuticals (CSE:MYM,OTCQB:MYMMF)
MYM Nutraceuticals is a cannabis grower with operations in Canada. It is looking to distribute its products at the global level.
Nabis Holdings (CSE:NAB)
Nabis Holdings is a Canadian investment company focused on investing in strategic assets across multiple verticals of the cannabis sector, primarily in US limited license states.
NanoSphere Health Sciences (CSE:NSHS)
This nano-biotechnology company brings a unique approach to the cannabis market thanks to its advanced delivery technology, which increases the effectiveness and longevity of cannabinoids in products.
Nass Valley Gateway (CSE:NVG)
This medical company gains exposure to the marijuana market thanks to its planned sale of pain-relieving, CBD-infused products.
Next Green Wave Holdings (CSE:NGW,OTCQX:NXGWF)
Next Green Wave Holdings is a vertically integrated cannabis company with producing assets and a portfolio of brands in California.
NexTech AR Solutions (CSE:NTAR,OTCQB:NEXCF)
NexTech AR Solutions is a company engaged in the development of augmented reality services for various industries, including the marijuana market through a web-enabled augmented reality platform with artificial intelligence and analytics.
Nextleaf Solutions is a cannabis extraction and technology company looking to license its methodologies. It offers an industrial-scale process for producing purified cannabinoid distillate.
Nova Mentis Life Science (CSE:NOVA,OTCQB:NMLSF)
Nova Mentis Life Science is a Canadian company looking to expand its portfolio of cannabis businesses, which include growing, processing and distributing CBD products, as well as accessories.
Nutritional High International (CSE:EAT,OTC Pink:SPLIF)
This marijuana company is focused on the development of edible products and oil extracts for the US medical and recreational markets.
Orchid Ventures (CSE:ORCD,OTC Pink:ORVRD)
This company develops and sells vaporizers in California and Nevada through a business-to-business and wholesale business model. It seeks to expand its presence in the US market.
Ovation Science (CSE:OVAT,OTCQB:OVATF)
Ovation Science gets a share in the cannabis market thanks to its drug-delivery technology for topical and transdermal skin products with hemp and cannabis oil.
PacRoots Cannabis describes itself as a Cannabis Act licensed applicant dedicated to producing premium-quality cannabis products based on high-end, selectively bred genetics.
Planet 13 Holdings (CSE:PLTH,OTCQX:PLNHF)
This cannabis company has a specific focus on the Nevada market with cultivation and retail assets. The firm manages a mega-store dispensary in Las Vegas, and plans to develop another shop in California.
Plant-based Investment (CSE:PBIC,OTC Pink:CWWBF)
This investment company is looking to offer its investors returns from bets placed in an actively managed portfolio of assets across the marijuana space.
Plus Products (CSE:PLUS,OTCQX:PLPRF)
Plus Products specializes in the production and development of branded edible products sold in California.
POSaBIT Systems (CSE:PBIT,OTC Pink:POSAF)
This company incorporates blockchain technology to offer a turnkey solution for transparency in production and compliancy issues in the cannabis space.
Preveceutical Medical (CSE:PREV,OTCQB:PRVCF)
This health sciences therapy manufacturer has created a cannabis division to work on the development and eventual introduction of medicinal cannabis-based products to the market.
BC-based cannabis retailer Quantum 1 Cannabis currently has six retail licenses. It is focused on delivering value-added customer experiences, premium products and unparalleled service and education.
Quinsam Capital (CSE:QCA)
Quinsam Capital is a merchant bank offering a variety of options to companies; it also invests in areas it believes are undervalued.
Radiko Holdings (CSE:RDKO)
Radiko Holdings develops cannabis products and, through its subsidiaries, sells edible cannabis consumables, as well as ancillary products including clothing, paraphernalia and posters.
Red White & Bloom Brands (CSE:RWB,OTCQX:RWBYF)
Red White & Bloom Brands is a cannabis MSO active in the US legal cannabis and hemp sectors. The company is predominantly focused on major US cannabis markets, including Michigan, Illinois, California, Oklahoma, Arizona and Massachusetts.
Revive Therapeutics (CSE:RVV,OTC Pink:RVVTF)
This biotech company has exposure to the marijuana space thanks to its research and development of CBD-based wellness products.
Rockshield Capital (CSE:RKS,OTC Pink:RKSCF)
This is an early stage venture capital fund and merchant bank company that has added some cannabis interests to its portfolio, including the Green Organic Dutchman Holdings (TSX:TGOD,OTCQX:TGODF) and Halo Collective (NEO:HALO,OTCQB:HCANF).
Sativa Wellness Group (CSE:SWEL,OTC Pink:SCNNF)
Sativa Wellness Group is an early stage life science company focused on hemp cultivation, extraction and formulation, as well as CBD products. It is targeting the European CBD and wellness market.
Sire Bioscience (CSE:SIRE,OTC Pink:BLLXF)
Sire Bioscience is a life science company focused on the cultivation, production and sale of industrial hemp.
SLANG Worldwide (CSE:SLNG,OTCQB:SLGWF)
This cannabis company seeks to acquire brands to expand its portfolio with market-proven products that can attract consumers.
SOL Global Investments (CSE:SOL,OTC Pink:SOLCF)
This cannabis investment company leverages its holdings across the industry, but has a focus on the US.
SpeakEasy Cannabis (CSE:EASY)
The company owns facilities that are looking to become licensed producers of cannabis in Canada. It is also planning for expansion.
Sproutly Canada (CSE:SPR,OTCQB:SRUTF)
Sproutly Canada is a cannabis company working on the development of cannabis-infused drinks thanks to its proprietary technology and a joint venture partnership with Moosehead Breweries.
Stem Holdings (CSE:STEM,OTCQX:STMH)
Stem Holdings is a vertically integrated cannabis company with assets in Nevada, Oklahoma and Oregon. The firm oversees a variety of brands in the US market.
Sweet Earth Holdings (CSE:SE,OTCQB:SEHCF)
Oregon-focused Sweet Earth Holdings is a vertically integrated hemp company cultivating organic CBD products that are sustainably grown without the use of pesticides, herbicides or chemical fertilizers.
This Quebec-based cannabis company has subsidiaries with cultivation facilities producing medical and recreational cannabis for the Canadian market.
TerrAscend is a vertically integrated operator of cannabis assets in North America with investments in the Canadian and US cannabis markets. The company has an investment partnership with Canopy Rivers (TSXV:RIV,OTC Pink:CNPOF).
THC Biomed (CSE:THC,OTCQX:THCBF)
This cannabis company holds cultivation assets in Canada and is developing new scientific research for its medical products.
Thoughtful Brands (CSE:TBI,OTCQB:PEMTF)
Thoughtful Brands is an ecommerce technology company that researches, develops, markets and distributes natural health products, including the Nature’s Exclusive brand, in North America.
TILT Holdings (CSE:TILT,OTCQX:TLLTF)
TILT Holdings is a vertically integrated technology company offering business to the cannabis industry through its software platform.
Tinley Beverage (CSE:TNY,OTCQX:TNYBF)
Tinley Beverage is developing hemp-infused drinks and supplements for the US market.
Top Strike Resources (CSE:VENI,OTCQB:TPPRF)
Top Strike Resources aims to provide capital to early stage global cannabis initiatives.
Thanks to its subsidiaries, this all-around cannabis company is working with clients in the California market on a business ecosystem of branding and design, transport and distribution and sales and marketing.
Tree of Knowledge International (CSE:TOKI,OTC Pink:TOKIF)
Tree of Knowledge International is working on the treatment of chronic pain through cannabis, the production of formulated natural products and the distribution of hemp-based CBD items.
True Leaf Brands (CSE:MJ,OTC Pink:TRLFF)
This company develops natural hemp products designed for humans and pets.
Trulieve Cannabis (CSE:TRUL,OTCQX:TCNNF)
Trulieve Cannabis is an MSO based in Florida with a leading position in the sunshine state. The firm has expressed interest in expanding, with acquisitions in California and Massachusetts.
TruTrace Technologies (CSE:TTT,OTC Pink:TTTSF)
TruTrace Technologies incorporates a software aspect into the cannabis market by bringing its blockchain-based program that tracks cannabis intellectual property all across the sale chain.
Verano Holdings (CSE:VRNO,OTCQX:VRNOF)
This vertically integrated MSO produces a suite of premium cannabis products sold under its portfolio of consumer brands. It has active operations in 11 states, including dispensaries and production facilities.
Veritas Pharma (CSE:VRT)
Veritas Pharma is a company conducting research for medicinal cannabis therapies, products and services.
Vext Science (CSE:VEXT,OTCQX:VEXTF)
Vext Science is a US-based cannabis THC and hemp cannabinoid products company manufacturing THC cartridges, concentrates, edibles and accessories under the Vapen brand. It also makes hemp-based products under the Pure Touch Botanicals brand, as well as the Vapen CBD brand.
Vibe Growth (CSE:VIBE,OTC Pink:VBSCF)
Vibe Growth is a vertically integrated cannabis company operating a cannabis retail network in California.
Vireo Health International (CSE:VREO,OTCQX:VREOF)
Vireo Health International is looking to expand its suite of assets as an MSO in the US cannabis market. The firm manages greenhouses, sells its own branded products and operates retail assets.
Weekend Unlimited (CSE:POT,OTCQB:WKULF)
This company offers investors a diversified portfolio of cannabis brands in markets such as California, Washington state, BC and Las Vegas. It has a specific focus on dried flower, edibles and extract products.
Wikileaf Technologies (CSE:WIKI)
Wikileaf Technologies is a Seattle business providing data services to the cannabis industry and information to consumers. The company provides price indexes and cannabis strain reviews and information.
After completing its acquisition of Quadron Cannatech, World Class Extractions gained a stronger stance in the cannabis and hemp extraction markets with patent-pending technology for improved oils.
XPhyto Therapeutics (CSE:XPHY,OTCQB:XPHYF)
XPhyto Therapeutics is researching novel drug-delivery technologies and holds subsidiaries in the European market that are involved in trials for a CBD drug treating epilepsy.
XS Financial (CSE:XSF,OTCQB:XSHLF)
XS Financial is a direct lender that provides flexible leasing solutions exclusively to the cannabis industry.
Want more details? Check out these articles for more INNdepth coverage:
Want an overview of investing in cannabis stocks? Check out Investing in the Cannabis Industry
Did we miss a company that you think should be included on this Canadian cannabis stocks list? Let us know in the comments!
This is an updated version of an article first published by the Investing News Network in 2016.
Don’t forget to follow us @INN_Cannabis for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: 4Front Ventures, Aion Therapeutics, Avicanna, BevCanna, BioHarvest Sciences, Cardiol Therapeutics, Codebase Ventures, Gage Growth, Global Wellness Solutions, HempFusion Wellness, Hill Street Beverage Company, INDVR Brands, Khiron Life Sciences, Koios Beverage, Lexaria Bioscience, Lobe Sciences, Matica Enterprises, Nextleaf Solutions, PacRoots Cannabis, Quantum 1 Cannabis, TransCanna and World Class Extractions are clients of the Investing News Network. This article is not paid-for content.