Public Cannabis Company Revenue & Income Tracker

The Public Cannabis Company Revenue Tracker, managed by New Cannabis Ventures, ranks the top revenue and incoming producing cannabis stocks. This data-driven, fact-based tracker will continually update based on new filings. Ranking rules:

  • For the senior listing, segmented cannabis-only sales must generate more than US$25 million per quarter (C$31 million). Please note that we have raised the minimum quarterly revenue several times as the industry has scaled up, including from US$15 million in September 2021, US$12.5 million in August 2021, US$10.0 million in November 2020, US$7.5 million in June 2020, US$5.0 million in October 2019 and US$2.5 million in May 2019
  • For the junior listing, segmented cannabis-only sales must exceed US$12.5 million per quarter (C$15.5 million).
  • Companies must file with the SEC or SEDAR and be current to be considered for inclusion
  • Only reported revenue (not pro forma) is measured
  • Adjusted operating income is defined as the reported operating income less any accounting adjustments for the change in fair value of biological assets that many companies are required to report under IFRS Accounting

Senior – U.S. Dollar Reporting

Updated for filings through 05/30/23
Company NameU.S. Stock SymbolNon-U.S. SymbolQtr EndedQtrly Sales (USD)Q/Q GrowthY/Y GrowthAdj. Op. IncomeNext Financials
CuraleafOTC: CURLF CSE: CURA03/31/23$336.5-2%14%$16.4~08/14/23
TrulieveOTC: TCNNFCSE: TRUL03/31/23$289.1-4%-9%-$13.1~08/14/23
Green Thumb IndustriesOTC: GTBIFCSE: GTII 03/31/23$248.5-4%2%$44.2~08/14/23
Verano HoldingsOTC: VRNOFCSE: VRNO03/31/23$227.11%12%$33.8~08/14/23
Jazz PharmaNASDAQ: JAZZ03/31/23$196.0-5%19% ~08/14/23
Cresco LabsOTC: CRLBF CSE: CL 03/31/23$194.2-3%-9%$3.6~08/14/23
Columbia CareOTC: CCHWFCSE: CCHW03/31/23$124.5-1%1%-$8.3~08/14/23
Ayr WellnessOTC: AYRWFCSE: AYR.A03/31/23$117.73%18%-$21.7~08/14/23
Ascend WellnessOTC: AAWHCSE: AAWH03/31/23$114.22%34%$0.3~08/14/23
Scotts Miracle-GroNYSE: SMG03/31/23$92.7-30%-54%-$16.8~08/02/23
Innovative Industrial PropertiesNYSE: IIPR03/31/23$76.18%18%$43.4~08/14/23
Jushi HoldingsOTC: JUSHFCSE: JUSH03/31/23$69.9-9%12%-$2.5~08/02/23
TerrAscendOTC: TRSSFCSE: TER03/31/23$69.41%43%$3.8~08/14/23
HydrofarmNASDAQ: HYFM03/31/23$62.21%-44%-$13.1~08/14/23
Acreage HoldingsOTC: ACRHFCSE: ACRG.A03/31/23$56.0-3%-2%$1.1~08/14/23
GrowGenerationNASDAQ: GRWG03/31/23$56.84%-31%-$7.8~08/14/23
WM TechnologyNASDAQ: MAPS03/31/23$48.0-3%-16%-$4.1~08/14/23
TilrayNASDAQ: TLRYTSX: TLRY02/28/23$47.5-5%-14%~08/31/23
TILT HoldingsOTC: TLLTFNEO: TILT03/31/23$42.3-5%0%-$7.6~08/31/23
Turning Point BrandsNYSE: TPB03/31/23$41.9-10%-8%$13.6~08/14/23
SchwazzeOTC: SHWZNEO: SHWZ03/31/23$40.0-7%26%$5.6~08/14/23
IanthusOTC: ITHUFCSE: IAN03/31/23$36.8-2%-14%-$9.3~08/14/23
MarimedOTC: MRMDCSE: MRMD03/31/23$34.4-4%10%$5.1~08/14/23
4Front VenturesOTC: FFNTFCSE: FFNT03/31/23$30.4-4%17%-$5.8~08/14/23
Village FarmsNASDAQ: VFF03/31/23$30.1-10%4%$0.3~08/14/23
Glass House BrandsOTC: GLASFNEO: GLAS.A.U03/31/23$29.9-10%108%-$13.1~08/14/23
MedMen EnterprisesOTC: MMNFF CSE: MMEN 03/25/23$27.2-8%-23%-$23.9~08/14/23

Junior – U.S. Dollar Reporting

Updated for filings through 05/31/23
Company NameU.S. Stock SymbolNon-U.S. SymbolQtr EndedQtrly Sales (USD)Q/Q GrowthY/Y GrowthAdj. Op. IncomeNext Financials
Planet 13 HoldingsOTC: PLNHF CSE: PLTH03/31/23$24.90%-3%-$4.4~08/14/23
StateHouse HoldingsOTC: STHZFCSE: STHZ03/31/23$24.7-3%43%-$5.8~08/29/23
Greenlane HoldingsNASDAQ: GNLN03/31/23$24.09%-49%-$9.5~08/14/23
CansortiumOTC: CNTMFCSE: TIUM03/31/23$22.1-66%12%$5.7~08/29/23
iPowerNASDAQ: IPW03/31/23$20.25%-11%-$1.8~08/14/23
Cronos GroupNASDAQ: CRONTSX: CRON03/31/23$20.1-12%-20%-$22.0~08/14/23
Flora GrowthNASDAQ: FLGC03/31/23$20.175%307%-$3.1~08/14/23
Goodness Growth HoldingsOTC: GDNSFCSE: GDNS03/31/23$19.11%22%$0.4~08/14/23
The Parent CompanyOTC: GRAMFNEO: GRAM03/31/23$18.1-10%-20%-$14.3~08/14/23
Charlotte's Web HoldingsOTC: CWBHFTSX: CWEB03/31/23$17.0-10%-12%-$7.6~08/14/23
AFC GammaNASDAQ: AFCG03/31/23$16.8-15%-1%$10.2~08/14/23
Chicago AtlanticNASDAQ: REFI03/31/23$14.91%53%$10.7~08/14/23
22nd Century GroupNASDAQ: XXII03/31/23$13.0-$6.2~08/14/23

Senior – Canadian Dollar Reporting

Updated for filings through 05/15/23
Company NameU.S. Stock SymbolNon-U.S. SymbolQtr EndedQtrly Sales (CAD)Q/Q GrowthY/Y GrowthAdj. Op. IncomeNext Financials
High TideNASDAQ: HITITSXV: HITI01/31/23$118.19%64%-$3.906/14/23
SNDL Inc.NASDAQ: SNDL03/31/23$86.57%430%-$17.0~08/14/23
Canopy GrowthNASDAQ: CGCTSX: WEED12/31/22$84.8-4%-27%~06/29/23
Aurora CannabisNASDAQ: ACBTSX: ACB12/31/22$61.725%2%-$69.5~05/15/23
Nova CannabisTSX: NOVCOTC: NVACF03/31/23$60.2-2%21%$0.3~08/14/23
Fire & FlowerOTC: FFLWFTSX: FAF03/31/23$43.141%5%-$9.4~08/14/23
OrganigramNASDAQ: OGITSX:OGI02/28/23$39.5-9%24%-$10.8~07/17/23

Junior – Canadian Dollar Reporting

Updated for filings through 05/31/23
Company NameU.S. Stock SymbolNon-U.S. SymbolQtr EndedQtrly Sales (CAD)Q/Q GrowthY/Y GrowthAdj. Op. IncomeNext Financials
Decibel Cannabis CompanyOTC: DBCCFTSXV: DB03/31/23$27.15%63%$4.1~08/29/23
Red White & BloomOTC: RWBYFCSE: RWB03/31/23$27.064%-4%-$1.5~08/29/23
HEXO CorpNASDAQ: HEXOTSX: HEXO01/31/23$24.2-32%-54%-$26.0~06/14/23
BZAMOTC: BZAMFCSE: BZAM03/31/23$24.140%128%-$11.5~08/29/23
Auxly CannabisOTC: CBWTFTSX: XLY03/31/23$24.0-3%6%-$3.0~08/14/23
Delta 9 CannabisOTC: DLTNFTSX: DN03/31/23$16.9-4%35%-$3.3~08/14/23

The Public Cannabis Company Revenue Tracker by New Cannabis Ventures is not a recommendation of any company and you should not use it as investment advice. A tilde next to a date means approximate date. All computations are derived from SEC or SEDAR filings. For any questions or licensing inquiries, please contact us.

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Keep track of the publicly-traded cannabis market by watching the NCV Indices, which includes the Global Cannabis Stock Index since 2013, the American Cannabis Operator Index, the Ancillary Cannabis Index, and the Canadian Cannabis LP Index.