The cannabis industry is booming right now.
Experienced investors and media personalities are calling the emerging industry a bubble due to lack of revenue and lofty expectations, often comparing it to the Dotcom bubble.
While the Dotcom comparisons aren’t entirely justified, the lack of revenue of most cannabis companies is startling. One example of this is The Green Organic Dutchman (TGOD.T) who has a market cap of $1.578 billion and zero revenue to date.
DMG Actually Makes Money
One major factor that should be a performance indicator for the potential future success of a company is revenue.
This is why DMG Blockchain (DMGI.C) entering the cannabis space is interesting, they have a proven track record of generating revenue in a different, but symbiotic industry. As we wrote previously, crypto companies are still generating revenue through Bitcoin mining, mining as a service, data analytics, forensics and many other streams. DMG Blockchain (DMGI.C) did $6,180,342 in revenue last year by crushing it in the blockchain/crypto space.
According BC Business DMG has recently entered into the cannabis space through the development of an e-commerce marketplace and supply-chain management system called CannaChain. The system intends to give consumers total transparency and quality assurances by tracking product from licensed growers all the way to the store.
By logging each step along the supply chain on the blockchain – a decentralized, timestamped, and unhackable digital ledger – this ground-breaking platform is expected to provide an irrefutable record outlining the journey the product has made, from beginning to end.
DMG has a lot to bring to cannabis, perhaps most of all is the companies propensity in earning revenue, something that is going to become more and more important as we move past legalization and lofty promises need to be followed up on.
30 Cannabis Companies DMG Is Out-Earning
We have compiled a list of 30 revenue generating cannabis companies DMG has out-earned over their most recent 12 month filings. The list could be much longer if we included pre-revenue companies such as TGOD.
*Numbers represent revenue in CAD dollars.
Hexo (HEXO.T) $3,523,296
Wayland Group (Formerly Maricann) (WAYL.C) $3,222,746
CannaRoyalty (CRZ.C) $3,077,969
Invictus (GENE.V) $2,364,423
Emblem (EMC.C) $2,694,000
Ravenquest Biomed (RQB.C) $2,451,510
iAnthus (IAN.C) $2,407,229
MYM Nutraceuticals (MYM.T) $1,781,319
Wildflower (SUN.C) $1,770,577
Quadron Cannatech (QCC.C) $1,683,832
Nutritional High (EAT.C) $1,674,269
WeedMD (WMD.C) $1,451,062
Emerald Health (EMH.C) $1,314,960
HempCo (HEMP.C) $1,249,626
Delta 9 (NINE.C) 944,144
VIVO (formerly AbCann) (VIVO.C) $922,030
THC Biomed (THC.C) $761,456
Radient Technologies (RTI.C) $451,450
Lexaria Bioscience (LXX.C) $431,274
ICC Labs (ICC.C) $218,040
Harvest One (HVT.C)$212,287
Phivida (VIDA.C) $18,783
Maple Leaf Green World (MGW.OTC) $211,645
PUF Ventures (PUF.C) $138,850
Marapharm Ventures (MDM.C) $155,748
Calyx Ventures (CYX.C) $128,375
New Age Farm (NF.C) $84,029
Tinley (TNY.C) $31,095
Future Farm (FFT.C) $11,929
Abattis (ATT.C) $5,902
Investors should beware of new companies entering the red hot cannabis space as everyone wants in, this includes companies who don’t have a proven track record and see this as an opportunity to print money and sail off to The Bahamas. With DMG’s experienced management team and range of revenue generating streams, seeing them sail off to the sunset anytime soon is highly unlikely.
Disclaimer: DMG is a paid client of High Energy Trading, click here to read full disclosure.
High Energy Trading is not a licensed broker-dealer, market maker, investment advisor, or underwriter. All information that we provide is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities.