10 TSX Venture Exchange Cannabis Companies with Plans for Growth
It’s not surprising that there are so many innovative, cutting-edge cannabis companies on TSX Venture Exchange (TSXV). After all, Canada’s four biggest cannabis companies – Canopy Growth Corp., Aurora Cannabis Inc., Cronos Group Inc., and Aphria Inc., which together account for about $39 billion in market capitalization – all started public life on the Venture before moving onto the senior board Toronto Stock Exchange (TSX).
Aleafia Health Inc. is a more recent example. On February 21st, 2019, they were named as the top-ranked stock in the 2019 TSX Venture 50 – an annual ranking of the best performing companies on TSXV. Shortly thereafter, they graduated and began trading on the TSX.
The companies listed below have all announced some big plans for growth.
The companies listed below have all announced some big plans for growth.
48North Cannabis (TSXV:NRTH) is planning to add a 200,000 square foot production space for the medical cannabis products it’s developing with DelShen Therapeutics. The Toronto-based company also announced it’s signed a licensing agreement with U.S.-based Arbor Pacific Inc. to brings it premium vaporizer cartridges to Canadian consumers.
VIVO Cannabis (TSXV:VIVO), formerly ABCann Global, is another budding company. The licensed producer based in Napanee, Ontario is expanding their operations by building a new 100,000 square foot facility to boost their current production of 625 kilograms a year. Growing product in a climate-controlled chamber, VIVO also launched an online store.
Emblem (TSXV:EMC) is another licensed producer that’s expanding in size and using the latest indoor growing technology. It got the green light from Health Canada to begin producing cannabis oil and was just acquired by Aleafia.
OrganiGram Holdings (TSXV:OGI) produces organically grown medical marijuana in New Brunswick. They announced an agreement with le Collège Communautaire du Nouveau-Brunswick (CCNB) and the New Brunswick Department of Post-Secondary Education, Training and Labour "to support the delivery of the first commercial cannabis cultivation technician program in Canada."
BLOCKStrain Technology (TSXV:DNAX) is a Vancouver software firm developing a blockchain-based platform for supply chain management in the cannabis industry. It’s signing deals with cannabis producers and entered into an agreement to acquire Spark Digital Technologies, the owner of the trademarked IgnitePro, built exclusively for the cannabis industry.
FluroTech (TSXV:TEST) is a Calgary technology company working on a cost-effective testing platform for the cannabis industry at large. The company’s proprietary CompleTest measures the specific contents of cannabis products.
Namaste Technologies (TSXV:N) offers consumers a platform for the purchase of vaporizer products from official manufacturers. In Canada, the Toronto company has signed deals with licensed producers to offer their products via the NamasteMD app. Through the app, patients can obtain prescriptions for medical marijuana. It’s aiming to become the Amazon of cannabis.
Radient Technologies (TSXV:RTI) is an Edmonton extraction technology company that has dabbled in the cannabis sector due to a partnership with licensed producer Aurora Cannabis. The partnership’s goal is to produce a superior standardized cannabinoid extract.
Looking for a stock with some star power? Check out these two:
Invictus MD (TSXV:GENE) is a licensed cannabis producer with two facilities and more to come. It recently changed its ticker symbol to GENE after KISS singer Gene Simmons joined the company as a "Chief Evangelist Officer." We’re guessing that means he believes in the Invictus product.
Newstrike Brands (TSXV:HIP) is developing a number of medical marijuana companies, and recently signed a deal with The Tragically Hip, which is going to contribute creatively to the firm’s aspirations. The company has been acquired by Hexo Corp.
The names above make up just a small sample of the innovation and growth taking place on TSX Venture Exchange. If you would like to learn more about companies like these, visit TMX Matrix – a new platform for investors to discover exciting growth companies listed on TSX Venture.
For questions about this article, please email tmxmatrix@tmx.com.
© 2019 TSX Inc. All rights reserved. Do not copy, distribute, sell or modify this article without TSX Inc.’s prior written consent. This article is provided for information purposes only and is not intended to provide any type of advice. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this article and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This article is not an endorsement or recommendation of any specific securities in any industry nor is it an invitation to purchase securities listed on TSX Venture Exchange or Toronto Stock Exchange. Listing on TSX Venture Exchange or Toronto Stock Exchange does not guarantee the future performance of a security or an issuer. TSX Venture Exchange, Toronto Stock Exchange and TMX Matrix are trademarks of TSX Inc. All other trademarks are owned by their respective owners.