OrganiGram

Social and cultural shifts accompanied by changes in laws spark new opportunities

Cannabis

Sanity Group is a Berlin-based cannabis company that aims to improve people's quality of life through the utilization of cannabinoids. The company operates in the medical, consumer health, and scientific sectors, focusing on pharmaceuticals, medical products, and consumer goods. Sanity Group encompasses various subsidiaries, including Vayamed and AVAAY Medical (medicinal cannabis), Endosane Pharmaceuticals (finished pharmaceuticals), Belfry Medical (medical products and digital applications), VAAY (wellbeing), and This Place (natural cosmetics).
In September 2022, Sanity Group successfully closed a USD 37.6 million Series B financing round, marking Europe's largest cannabis investment round to date. This funding was led by BAT Group, with continued support from existing investors such as Redalpine and Casa Verde Capital, bringing the total funds raised by the company to over USD 100 million. The new investment will fuel Sanity Group's growth, enable European expansion, and strengthen research and development activities.
Near Frankfurt am Main, Sanity Group operates a production and processing facility for cannabis extracts. In June 2024, Organigram Holdings Inc., a Canadian cannabis producer, took a minority stake in Sanity Group through a USD 21 million investment, with the potential for an additional USD 4.5 million investment via an unsecured convertible note. This investment aims to help Organigram capitalize on the recent legalization of cannabis in Germany, where Sanity Group holds approximately 10% market share in the medical cannabis market.

Phylos is a crop science company that applies molecular genetics and computational biology to breed hemp and cannabis. Its genomic research harnesses a diversity of traits in cannabis to deliver pure, uniform, and vigorous seeds and clones for grower success.  The company was founded in 2014 and is headquartered in Portland, Oregon.

Sanity Group is a European cannabis company focusing on health, wellbeing, and scientific research. The company's mission is to improve people’s quality of life through the use of cannabinoids, thus developing consumer products based on non-psychoactive cannabinoids. It was founded in 2018 and is headquartered in Berlin, Germany.

Open Book Extracts is a cGMP certified, vertically integrated grower, processor, and manufacturer of premium plant-based products. With control of the entire supply chain, a state-of-the-art extraction campus near North Carolina’s Research Triangle, proprietary refinement and conversion methods backed by a growing IP portfolio, and a team of Ph.D. chemists and seasoned business leaders, OBX is the trusted partner for global brands seeking to enter the marketplace. OBX Asia, with its headquarters in Hong Kong, provides strategic guidance and on-the-ground support for our Asia customers. OBX’s cGMP-certified productions operations are led by a seasoned science team, including a Ph.D. food scientist from Cornell, a Ph.D. organic chemist from the University of Nevada, and two masters chemists with pharmaceutical backgrounds, including a quality control director who joined OBX after a 15-year career as an analytical chemist at GlaxoSmithKline. OBX offers one of the largest portfolios of cannabinoid isolates at 99%+ purity, including CBD, CBG, CBN, CBC, and THCV, as well as formulation services and turnkey, finished good manufacturing including edibles, soft gels, tablets, tinctures, pet products, and topical products.

A global leader in vaporizing hardware and product design, they are committed to shaping the industry by developing innovative technologies. At Green Tank Technologies, they know that producers and extractors spend years and tons of money developing their quality bud and oil. They set out on a mission to provide quality devices that deliver full flavor and the ultimate user experience. Green Tank designs, develops, and produces industry leading quality vaporization hardware with True-Taste Ceramic Core Technology for full flavor and maximum terpene profiles.

We’re a bioengineering company that's reducing the massive environmental footprint of the CBD market through precision fermentation. And our technology never touches a plant.  CBD is a global $12Bn consumer market and Hyasynth's precision fermentation platform eliminates wasteful plant cultivation and decreases the carbon impact by more than 97%.  Hyasynth is the world's only bioengineering company with a scalable, fermentation process for CBD that is cost-efficient and regulatory-compliant.

OrganiGram is a producer and distributor of medical and recreational cannabis. They are dedicated to consistently providing clients with the highest grade medicine and service. Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the Company’s global footprint.

<div>One World Products (OWP) is the largest Black-controlled, fully-licensed hemp and cannabis producer with operations in Colombia. The company planted its first cannabis crop in 2018 at its cultivation site in Popayan, Colombia, and commenced commercial harvesting in the first quarter of 2020. One World Products aims to supply global clients with high-quality industrial and commercial applications for cannabis, hemp, and hemp products, including derivatives in crude oil, distillate, and isolate forms. The company's products are produced and tested according to GAP, GMP, and ISO standards.</div>

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Phylos

Sanity Group

Companies that specialize in growing and refining cannabis.

Open Book Extracts

Green Tank Technologies

Hyasynth Bio

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 One World Products (OWP) is the largest Black-controlled, fully-licensed hemp and cannabis producer with operations in Colombia. The company planted its first cannabis crop in 2018 at its cultivation site in Popayan, Colombia, and commenced commercial harvesting in the first quarter of 2020. One World Products aims to supply global clients with high-quality industrial and commercial applications for cannabis, hemp, and hemp products, including derivatives in crude oil, distillate, and isolate forms. The company's products are produced and tested according to GAP, GMP, and ISO standards.
 
 
 
 
 In March 2024, OWP secured exclusive perpetual rights to purchase advanced PreRoll-Er 400 fully automated pre-roll filler systems from Procepack Corp. within Colombia. This cutting-edge technology enables OWP to significantly enhance production efficiency, outputting up to 4.5 million pre-roll products annually with a complete packaging solution.
 
 
 
 
 One World Products emphasizes environmental, social, and governance (ESG) standards, valuing its employees, particularly those within its Colombia operations, and maintaining stewardship over indigenous land. In April 2022, the company partnered with the National Association of Mayors of Municipalities with Afro-Colombian population (AMUNAFRO) to strengthen the economic viability of Afro-Colombian communities through cultivation of industrial hemp.
 
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Cresco Labs is a vertically integrated multistate cannabis operator with a focus on delivering consistent quality products across its portfolio of branded offerings. The company cultivates, processes, and distributes a diverse range of cannabis products, including flower, vapes, concentrates, edibles, and pre-rolls. Cresco Labs operates under multiple brands, such as Cresco, FloraCal Farms, Good News, Wonder Wellness Co., Mindy's Edibles, and Remedi, catering to various consumer preferences and occasions.
Cresco's cultivation practices involve rigorous phenotype hunting and small-batch cultivation to ensure premium quality. Their products are meticulously hand-trimmed and expertly cared for throughout the process. The company's brand portfolio aims to provide consistent, reliable, and enjoyable cannabis experiences for consumers, whether they are familiar with the plant or new to it.
As of December 2023, Cresco Labs operated in numerous states across the US, with 21 production facilities and 49 dispensaries under the Sunnyside retail banner. The company has implemented operational changes to improve its environmental impact and formed partnerships, such as with Temple University, to explore the potential healing properties of cannabis.
In February 2023, Cresco Labs expanded its retail presence by opening a new Sunnyside dispensary in Daytona Beach, Florida, marking its 23rd location in the state and 58th nationwide. The company reported generating revenue of approximately USD 822 million for the full year 2021.

Cresco Labs

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 TerrAscend is a leading North American cannabis operator with vertically integrated operations in California, Maryland, Michigan, New Jersey, and Pennsylvania, as well as retail operations in Canada. The company focuses on growing high-quality cannabis, promoting its health benefits, and offering a diverse range of products tailored to the needs of medical patients and adult-use consumers. TerrAscend utilizes advanced cultivation techniques, innovative cannabis cultivars, and strategic technology investments to produce premium cannabis products.
 
 
 
 
 In March 2022, TerrAscend completed the acquisition of Gage Growth Corp., a prominent cannabis brand and operator, in a deal valued at over USD 545 million. This strategic acquisition aimed to create a differentiated and compelling player in the North American cannabis market, combining TerrAscend's proven cultivation and manufacturing expertise with Gage's top-selling brands and exceptional retail experiences.
 
 
 
 
 As of January 2023, TerrAscend operated 32 dispensaries nationwide under its award-winning retail concepts, The Apothecarium and Gage. The company's portfolio includes several synergistic businesses and brands, such as Gage Cannabis, Ilera healthcare, Kind Tree, Prism, State Flower, Valhalla Confections, and Arise Bioscience Inc. In May 2023, TerrAscend strengthened its balance sheet by selling a facility in Canada for CADUSD 19.7 million, using the proceeds to pay down existing debt.
 
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TerrAscend

Holistic Industries is a multistate cannabis company that specializes in cultivating, manufacturing, and distributing a diverse range of premium cannabis products. Their portfolio includes Liberty Cannabis flower strains, meticulously grown and sustainably cultivated to offer an exceptional experience across indica, sativa, and hybrid varieties. Holistic Industries also produces Strane vape cartridges, crafted with CO2-extracted cannabis oil and all-natural terpenes for a smooth and flavorful vaping experience. Additionally, they offer Strane concentrates in various forms, such as shatter, wax, and live resin, catering to consumers seeking potency and purity. The company's product line further encompasses Holistic Remedies, a collection of topicals and tinctures, as well as elixirs and edibles, including cannabis-infused sparkling waters and chocolates, providing precise dosing and delicious flavors.
Holistic Industries places a strong emphasis on quality control, subjecting their products to rigorous testing processes to ensure they are free from contaminants, pesticides, and consistently meet high standards. The company collaborates with scientists, medical professionals, and researchers to develop cutting-edge cannabis formulations and products. Furthermore, Holistic Industries prioritizes sustainable practices, demonstrating a commitment to environmental responsibility.
In December 2023, Holistic Industries launched the Garcia Hand Picked cannabis brand, a collaboration with the family of Grateful Dead guitarist Jerry Garcia, after years of sampling countless strains to find one worthy of his name.

Holistic Industries

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 Flower One is a Nevada-based cannabis cultivator and producer focused on the state's lucrative cannabis market. The company operates a 455,000 square-foot greenhouse and production facility, the largest in Nevada. As of June 2019, Flower One commenced continuous harvest operations, capable of producing 140,000 lbs (62,500 kg) of dry flower annually from over 100,000 plants across eight flower zones per crop cycle. Additionally, Flower One owns North Las Vegas Organics, a 25,000 square-foot indoor cultivation facility with nine grow rooms that can cultivate 4,500 plants per cycle.
 
 
 
 
 Flower One produces a diverse range of cannabis products, including flower, full-spectrum oils, distillates, pre-rolls, concentrates, edibles, and topicals for various brands. In October 2018, the company acquired NLV Organics, a Las Vegas-based cannabis cultivation business, for USD 27 million, expanding its footprint in Nevada's rapidly growing cannabis industry. As of June 2022, Flower One appointed Tim Shoemake as its new Chief Operating Officer, leveraging his over 25 years of experience in global agriculture and food and beverage manufacturing. Flower One trades on the Canadian Securities Exchange under the ticker symbol &quot;FONE&quot;.
 
 
 
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Flower One

Grassroots Cannabis is a vertically integrated multi-state cannabis operator based in Illinois. The company specializes in the cultivation, processing, and retail distribution of medical and recreational cannabis products. Grassroots operates over 20 dispensaries under brands like Herbology, Greenhouse, and Windy City Cannabis across six states, including Illinois, Maryland, Ohio, and Pennsylvania.
The company takes pride in its cultivation process, which involves cloning from mother plants, vegetative growth, flowering, pre-harvest flushing, harvesting, drying, and curing to ensure high-quality cannabis flower, concentrates, vapes, and edibles. Grassroots' product offerings encompass a wide range of strains, both indica and sativa, as well as hybrids. Notable strains include Bubba Diagonal, White OG, Ghost Rider, and Candyland, among others.
In July 2019, Curaleaf, a Massachusetts-based cannabis company, announced plans to acquire Grassroots for USD 875 million in stock and cash. The acquisition expanded Curaleaf's presence from 12 states to 19, adding key markets like Illinois and Pennsylvania to its portfolio. Upon completion of the deal, the combined entity would have 131 dispensary licenses, 68 operational locations, 20 cultivation sites, and 26 processing facilities.

Grassroots Cannabis

Companies that distribute and sell cannabis and cannabis-related products.

Companies that extract cannabinoids to create cannabis-related medication or edibles.

Companies that carry out medical consultations to prescribe cannabis.

Companies that either provide consultations, educate, or carry out testing of cannabis products.

Some startups employ sustainable farming practices when cultivating cannabis

OrganiGram

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