Data by Company within Legal Cannabis Industry
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Marketcap |
Revenues (TTM) |
Net Income (TTM) |
Employees |
| Company |
(Millions) |
(Millions) |
(Millions) |
Number |
| Alterola Biotech Inc |
$ 35,333 |
$ 252 |
$ -2 |
1 |
| Tilray Brands Inc |
$ 1,272 |
$ 650 |
$ -1,433 |
1,826 |
| Usana Health Sciences Inc |
$ 924 |
$ 927 |
$ 60 |
1,788 |
| Canopy Growth Corporation |
$ 500 |
- |
$ -1,039 |
2,500 |
| Sndl Inc |
$ 335 |
$ 546 |
$ -285 |
- |
| 4front Ventures Corp |
$ 204 |
$ 117 |
$ -94 |
- |
| Biote Corp |
$ 167 |
$ 221 |
$ 6 |
- |
| Mind Medicine mindmed Inc |
$ 143 |
- |
$ -77 |
- |
| Regencell Bioscience Holdings Limited |
$ 137 |
$ 3,068 |
$ -6 |
- |
| Aurora Cannabis Inc |
$ 106 |
$ 170 |
$ -1,316 |
- |
| Chromadex Corporation |
$ 105 |
$ 83 |
$ -6 |
- |
| Fitlife Brands Inc |
$ 97 |
$ 43 |
$ 4 |
- |
| Pure Harvest Corporate Group Inc |
$ 80 |
$ 2 |
$ -7 |
- |
| Cannagistics Inc |
$ 60 |
$ 2 |
$ -17 |
1 |
| Bright Green Corporation |
$ 50 |
- |
$ -16 |
- |
| Natural Alternatives International Inc |
$ 37 |
$ 143 |
$ 1 |
177 |
| Twinlab Consolidated Holdings Inc |
$ 26 |
$ 26 |
$ -16 |
- |
| Healthy Extracts Inc |
$ 18 |
$ 3 |
$ -2 |
- |
| Mannatech Incorporated |
$ 16 |
$ 133 |
$ -7 |
290 |
| Akanda Corp |
$ 15 |
$ 3 |
$ -12 |
- |
| Paranovus Entertainment Technology Ltd |
$ 12 |
$ 98 |
$ -72 |
- |
| Cyanotech Corp |
$ 6 |
$ 21 |
$ -4 |
124 |
| Bon Natural Life Limited |
$ 3 |
$ 25 |
$ 5 |
- |
| Target Group inc |
$ 3 |
- |
$ -4 |
- |
| Im Cannabis Corp |
$ 3 |
$ 42 |
$ -147 |
- |
| Charlie s Holdings Inc |
$ 2 |
$ 15 |
$ -4 |
13 |
| Hero Technologies Inc |
$ 2 |
- |
$ -2 |
- |
| Nutra Pharma Corp |
$ 2 |
$ 0 |
$ 7 |
- |
| Panacea Life Sciences Holdings Inc |
$ 1 |
$ 2 |
$ -8 |
- |
| Stem Holdings Inc |
$ 1 |
$ 15 |
$ -18 |
- |
| Neutra Corp |
$ 1 |
$ 6 |
$ 0 |
- |
| Smart For Life Inc |
$ 1 |
$ 11 |
$ -21 |
- |
| Tauriga Sciences Inc |
$ 0 |
$ 0 |
$ -6 |
2 |
| Upexi Inc |
$ 0 |
$ 96 |
$ -17 |
- |
| Pioneer Green Farms inc |
- |
- |
$ 0 |
- |
| Hanjiao Group Inc |
- |
- |
$ -1 |
- |
| China Foods Holdings Ltd |
- |
$ 0 |
$ -1 |
- |
| Cambell International Holding Corp |
- |
- |
$ 0 |
- |
| Cat9 Group Inc |
- |
- |
$ 0 |
- |
| Quanta Inc. |
- |
$ 1 |
$ -8 |
- |
| Cronos Group Inc |
- |
$ 50 |
$ -108 |
- |
| Legal Cannabis Industry |
$ 39,658 |
$ 6,748 |
$ -4,672 |
6,722 |
Recent News from Legal Cannabis Industry |
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Product Service News
Indulge in the Joy of Healthy Baking with Manitoba Harvest's Delicious Hemp Recipes
During this festive holiday season, Manitoba Harvest invites you to celebrate in a new and healthier way. With their delicious and nutritious baking recipes featuring the boost of hemp, you can satisfy your sweet tooth without compromising on your health goals. From cookies to cakes, hemp-infused treats are the perfect addition to your holiday spread.
Hemp has gained immense popularity in recent years, thanks to its numerous health benefits. Manitoba Harvest, a leading provider of hemp-based products, understands the importance of incorporating this superfood ingredient into our daily lives. Their range of baking recipes not only enhances the flavor of your favorite treats but also adds a nutritional punch.
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Product Service News
Montauk Brewing Expands Distribution Across the Southeast and Launches in Florida
Montauk Brewing, a renowned craft beer company based in New York, is thrilled to announce its expansion of distribution into the vibrant Florida market. With the launch of its two most popular styles, Wave Chaser India Pale Ale and Surf Beer Golden Ale, Montauk Brewing is set to make waves in the Sunshine State.
The decision to venture into Florida is a significant strategic move for Montauk Brewing. Known for its picturesque beaches, laid-back lifestyle, and thriving hospitality industry, Florida is an ideal market for the company's handcrafted beers. By expanding its distribution in this region, Montauk Brewing aims to reach a broader consumer base and establish a strong presence in the Southeast.
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Contract
Bon Natural Life Limited (Nasdaq: BON) has recently made a significant announcement regarding its strategic partnership with Beijing Huahai Keyuan Technology Co. Ltd. (Huahai). The leading bio-ingredient solutions provider in the natural, health, and personal care industries has entered into a sales distributing contract with Huahai, granting them exclusive rights to sell BON's broccoli products in the Chinese market. This collaboration brings forth a remarkable opportunity for Bon Natural Life Limited to expand its presence in China and generate substantial revenue. Let's delve deeper into this development and explore how it impacts the company and its competitors.
Expanding Market Reach and Revenue Potential:
The sales distributing contract with Huahai marks a major milestone for Bon Natural Life Limited, allowing the company to tap into the vast Chinese market and capitalize on the growing demand for natural and health-enhancing products. With a projected total product value of $45 million, Bon Natural Life Limited is set to significantly contribute to the health and wellness industry while bolstering its own revenue streams.
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Bright Green Corporation
Date: October 20, 2023
As the legal cannabis sector continues to make headlines, investors and analysts eagerly await the release of financial reports to gauge the performance of key players in the industry. In this context, Bright Green Corporation has caught the attention of both market observers and Wall Street journalists as it reveals its third-quarter earnings for the period ending September 30, 2023.
Despite the company not yet generating any revenue, the operating shortfall of $-1.811533 million signifies an improvement in efficiency compared to the same period in the previous year. During this time frame last year, Bright Green Corporation reported an operating shortfall of $-5.777017 million, indicating that the business has managed to work more competently and reduce losses significantly.
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China Foods Holdings Ltd
Deteriorating demand has hit China Foods Holdings Ltd hard in the third quarter of 2023, resulting in significant losses for the company. Revenue slumped by a staggering -1.891% to a mere $0.01 million, indicating a severe decline in customer interest and consumption of their products. This dismal performance is in stark contrast to the rest of the Legal Cannabis industry, which has witnessed a top-line improvement during the same period.
Compared to the previous year's reporting season, where the company reported breakeven with $0.00 per share, China Foods Holdings Ltd experienced a significant dip in their financials. Loss per share for the third quarter of 2023 stood at $-0.01, which is a concerning decline from the previous year's performance.
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Panacea Life Sciences Holdings Inc
Panacea Life Sciences Holdings Inc recently released their financial results for the fiscal time-frame ending September 30, 2023. While the company witnessed a loss in earnings compared to the previous year and quarter, there are several noteworthy aspects that may have significant implications for the company's future. This article aims to interpret these results and explore how they might impact the company moving forward.
1. Decreasing Losses Per Share:
Panacea Life Sciences Holdings Inc managed to reduce their losses per share from $-0.18 to $-0.13 compared to the previous year. Although they still reported a loss, this improvement signifies progress in managing the company's financial performance.
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Product Service News
A Milestone Phase I Randomized, Double-Blind Clinical Trial Demonstrates High-Dose Niagen, Patented Nicotinamide Riboside (NR), Supplementation Induces a Potent NAD+ Response and Is Associated With Mild Improvement in Parkinson's Disease (PD)
LOS ANGELES - ChromaDex Corp. (NASDAQ:CDXC), a global authority on Nicotinamide Adenine Dinucleotide (NAD+) and healthy aging research, has recently shared groundbreaking results from a new study. The study, part of the ChromaDex External Research Program (CERP), focuses on analyzing the safety and efficacy of high-dose nicotinamide riboside (NR) supplementation in individuals with Parkinson's Disease (PD). These findings bring optimism to the Parkinson's community and further enhance the understanding of NR as a potential therapeutic intervention for the disease.
Parkinson's Disease is a neurodegenerative disorder characterized by motor and non-motor symptoms, including muscle stiffness, tremors, balance problems, and cognitive impairment. It affects millions of people worldwide, with an increasing prevalence due to the aging population. Despite extensive research efforts, there is currently no cure for Parkinson's Disease, and available treatments only provide symptomatic relief.
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Contract
Cronos Group Inc. Enhances Financial Position with Sale-Leaseback Agreement and Continues Revenue Growth
TORONTO, Nov. 27, 2023 - Cronos Group Inc. (NASDAQ: CRON)(TSX: CRON), a leading global cannabinoid company, has announced a strategic move to bolster its financial position through the sale-leaseback agreement of its Stayner, Ontario facility. In addition to this exciting development, the company reported impressive revenue growth in the third quarter of 2023, surpassing its competitors' average revenue growth.
Cronos Group's wholly owned subsidiary entered into an agreement with Future Farmco Canada Inc., a prominent vertical farming company, for the sale and leaseback of its property located at 4491 Concession 12 Sunnidale Road, Stayner, Ontario. This facility, known as the Peace Naturals Campus, will be acquired by Future Farmco Canada for a significant cash amount of C$23 million. The agreement is subject to specific terms and conditions outlined within the Sale Agreement.
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Alterola Biotech Inc
Date: January 15, 2024
In the wake of major players in the legal cannabis sector revealing their substantial earnings, attention now turns to smaller businesses within the industry. Among them, ALTA, a company operating principally in the progress stage, has recently reported an operating deficit of $-0.123155 million for the second quarter of 2024. While these losses may seem concerning, a closer look suggests an optimistic trajectory for the company's future performance.
Comparing ALTA's current performance to the same period in 2023, it becomes evident that the recent management strategies have significantly curbed losses. In the July to September 2023 financial span, the company managed to reduce losses to $-0.123 million from $-0.375 million the previous quarter. This highlights the company's commitment to refining its business model and demonstrating progress in terms of financial stability.
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Smart For Life Inc
The stock market can be a rollercoaster ride, with ups and downs that keep investors on their toes. However, amidst all the fluctuations, there are companies that prove to be resilient and worth considering for long-term investments. One such company is Smart For Life Inc, which has recently released its financial results for the period ending September 30, 2023.
While the numbers may initially appear disheartening, it is essential to delve deeper into the details to gain a comprehensive understanding. Smart For Life Inc has indeed reported a deficit per share of $-7.51 for the mentioned financial interval, which is a significant increase from the previous year's figure of $-0.07.
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