Aurora Cannabis, Canopy Growth Corporation and The Scotts Company LLC are Dominating the market for Global Cannabis Market in 2018

Global Cannabis Market is expected to reach USD 186,613.15 million by 2026, growing with a healthy CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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The Cannabis market is a highly concentrated market which includes key players and local players. The market has witnessed various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the legalization of cultivation and product manufacturing of cannabis.

The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, In January 2019, Aurora Cannabis Inc. announced their entry into letter of intent for the acquisition of all the shares of Whistler Medical Marijuana Corporation. The company will acquire Whistler for an approximate amount of USD 175 Million. This acquisition will help the company to enhance their production capacity.

Aurora Cannabis dominated the global cannabis market. The other key players existing in the market includes Canopy Growth Corporation and The Scotts Company LLC., O.penVAPE, The Cronos Group, Tilray, Marley Natural, Cara Therapeutics, GW Pharmaceuticals plc and others.

Aurora Cannabis:

Aurora Cannabis headquartered in Alberta, Canada was founded in 2016. The company is engaged in production of medical cannabis and supply seed, buds, and others. The company has two operating divisions namely Cannabis, Horizontally Integrated Businesses. The company has dried cannabis, cannabis oil, milled decarb, milled blend and softgels as its product categories. The market focused category of the company is dried cannabis, cannabis oil and softgels.

  • In December, 2018 Health Canada awarded Aurora Cannabis Inc. with the license that permits sale of cannabis softgel capsules. This license helped the company to increase its international sales and also to generate revenue by launching these capsules to the medical cannabis market in Canada as well as the adult-use market.

It has its global networks in Canada and Lithuania.

The company has various subsidiaries such as UAB Agropro (Lithuania), Anandia Laboratories Inc. (Canada) and Others.

Canopy Growth Corporation:

Canopy Growth Corporation headquartered in Ontario, Canada was founded in 2014. The company is engaged in production and manufacturing of medical and recreational cannabis. The company operates through three business segments which include recreational, medical and other.

  • In June, 2019 Canopy Growth Corporation announced the acquisition of Acreage Holdings, Inc. to effectively enter the U.S. cannabis market enhancing its international market strategies. The acquisition by the company was mainly to attain the U.S. federal laws to permit the cultivation, growing and distribution of cannabis and other CBD operations.

It has its global networks in North America, South America, Europe, Africa, Australia and New Zealand.

It operates through its subsidiaries such as Tokyo Smoke (Canada), Canopy Health Innovations Inc. (Canada), Canamoy Fibra Naturales, S.L. (Spain), Tweed Inc.  (Canada), STORZ & BICKEL GmbH & Co. KG (Germany), AgriNextUSA (U.S.) and others

The Scotts Company LLC:

The Scotts Company LLC, headquartered in Ohio, U.S. was established in 1898. The company is engaged in manufacturing of products dealing in creation of gardens, vibrant plants and landscapes.  The Scotts Company LLC operates through three major strategic business units which include U.S. Consumer, Hawthorne and Others.

U.S. Consumer consists of company’s consumer lawn and garden business located in the geographic United States. Hawthorne segment deals in indoor, urban and hydroponic gardening business and others segment deals in consumer lawn and garden business in geographies other than  U.S. and our product sales to commercial nurseries, greenhouses and other professional customers.

  • In March, 2019 The Scotts Company LLC signed a partnership with Major League Baseball (MLB) in order to provide clean and healthy playgrounds for young children and provide them with outdoor play opportunities as well as community greenspaces. The partnership will lead the company to new product portfolios increasing their market share.

The company has geographical presence in U.S. and Canada.

It operates through its subsidiaries such as Hyponex Corporation (U.S.), Greenlight Planet (U.S.), Swiss Farms Products, Inc. (U.S.), OMS Investments, Inc. (U.S.), Scotts Poland Sp.z.o.o. (Poland), Scotts Gardening Fertilizer (Wuhan) Co., Ltd. (China), SMG Gardening (UK) Limited (U.K.) and others.