Top 3 Public Cannabis Companies With the Most Cash

1. Canopy Growth ($2.7 Billion)

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It is no surprise that among pure play pot stocks, Canopy Growth (NYSE: CGC, TSX: WEED) has more cash in hands than any other publicly trading cannabis firms. The beer and wine giant Constellation Brands Inc (NYSE: STZ) took 38% stake in Canopy Growth in August 2018, an investment of C$5 billion, or $4 billion.

Last Quarter Financials: News Release

2. Cronos Group ($1.48 Billion)

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Another no surprise cannabis stock in the list is Cronos Group (NASDAQ: CRON, TSX: CRON). March, 2019 Cronos Group announced C$2.4 Billion equity investment from Altria Group, Inc. (NYSE: MO). Altria’s investment represents an approximate 45% ownership interest in Cronos Group, which is exercisable over the next four years. If exercised in full today, the warrant would increase Altria’s ownership in Cronos Group to approximately 55% and provide Cronos Group with additional proceeds of approximately C$1.4 billion.

Last Quarter Financials: News Release

3. GW Pharmaceuticals ($554.7 Million)

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GW Pharmaceuticals (NASDAQ: GWPH), known for its first CBD based FDA approved drug “Epidiolex” also has an impressive war chest of capital at its disposal. This was to be expected given the cash heavy nature of research and development of new drugs. GW Pharma have been successful in reserving cash over the last year while significantly increasing revenues.

Last Quarter Financials: News Release

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