Four Canadian cannabis companies made the Globe & Mail’s annual Report on Business, ranking Canada’s top growing companies. 

In its fifth year, the annual report ranks 416 participating private and public Canadian businesses on three-year revenue growth.

The list includes three companies behind some of Canada’s largest retail chains: 1CM, which is the parent company of retail chains T Cannabis and Cost Cannabis; SNDL, which operates Superette, Spiritleaf, and Value Buds (as well as cannabis production); and High Tide, the parent company of the Canna Cabana chain of retailers. 

In addition to SNDL’s footprint on the cannabis production side of the industry, the list also includes cannabis producer Avant Brands (BLKMKT, Tenzo, Treehugger, GreenTec, and cognoscente).

Located in Markham, Ontario, 1CM ranked 6th out of 416 companies with 116 employees and between $25M-$50M in revenue in 2023. The company is listed as a “vice retailer” touching the liquor, cannabis, tobacco, and vapes sectors. As of late 2023, 1CM operated 29 retail locations in Alberta, BC, New Brunswick, Ontario, and Saskatchewan. It also listed four locations in development in Ontario. 

The company also operates a technology platform that provides B2B and B2C solutions such as Last Mile Delivery, Digital Signage, Big Data Analytics & Wholesale Clearing Services.

Alberta’s SNDL is ranked as the 34th top company in the annual report, with 2,600 employees and 2023 revenue between $750 million and $1 billion. In addition to its retail assets Value Buds, Spiritleaf, Superette, and Firesale, SNDL also produces cannabis and manages several investments, including Canadian cannabis companies like Indiva and Delta 9. 

Also based in Alberta, High Tide ranked 87th on the Globe & Mail’s list, with 1,600 employees and 2023 revenue between $250M – $500M

While the majority of High Tide’s sales are in the Canadian market through its Canna Cabana retail chain, it also operates its e-commerce platforms in the US such as Smoke Cartel, Grasscity, Daily High Club, DankStop, NuLeaf Naturals and FABCBD, as well as USA sales on its international e-commerce platforms. In addition, High Tide operates a warehouse that primarily services its e-commerce operations.

Lastly, BC-based Avant Brands (formerly GTEC Holdings) reached the 182nd spot on the list, with 200 employees and 2023 revenue between $25M and $50M.

Avant and High Tide made the list of 425 in 2023, along with Toronto’s Cronos Group. This is the first time 1CM and SNDL have made the cut, Avant’s second and High Tide’s fourth.

The Globe & Mail’s Report on Business Ranking of Canada’s Top Growing Companies ranks qualifying independent Canadian companies by the percentage of their revenue growth over three years. The application deadline for the 2025 ranking is May 23, 2025.

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