Valuations Continue to Climb for U.S. Cannabis Companies - Seite 3

The company also launched with a Humboldt County-based cannabis processing company, which holds an extraction license in the state, and uses a supercritical CO₂ extraction method to produce cannabis oil, terpene profiles, and other products.

Together with its Washington State licensee partners, Chemistree Technology Inc. (CSE:CHM) (OTCQB:CHMJF) has big plans to expand its product offerings, specifically through the Sugarleaf brand. New products including edibles, vape pens, and other innovative offerings will be available in multiple states in 2019.

Others Also Serving the US Cannabis Market

To put US advantages more into perspective, Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF) recently generated more revenue from its one flagship store in Las Vegas in just one month, than multi-billion-dollar valued Cronos Group Inc. did across Canada in Q4 2018. However, at the moment, Cronos has a market value of approximately 21 times that of Planet 13. The Planet 13 Superstore, a 16,000 sqft cannabis entertainment complex has over-performed since inception. Designed to handle 2,000-3,000 customers per 24-hour day, 7 days a week. During the month of March, the single operation reported revenues of US$5.49 million. Since its opening, its amassed $16.7 million, and is on pace for $50 million annually.

US-based packaging and periphery company KushCo Holdings, Inc. (OTCQB:KSHB) has also seen its revenues take off. The company's latest Q2 2019 reports showed an increase of 240% in net revenue year-over-year, to approximately US$35 million. The announcement raised the company's full-year fiscal 2019 net revenue guidance up from $140 million to $150 million. KushCois one of the industry's largest suppliers of packaging that meets regulatory requirements. With each new market that opens up, demand for their products also increases.

Since the passing of the US 2018 Farm Bill, that pointed towards federal legalization of cannabidiol (CBD), Charlotte's Web Holdings, Inc. (OTCQX:CWBHF) (CSE:CWEB) has become a market leader in CBD. Since the first waves of the Farm Bill's passing back in November 2018, the company's seen its share price increase over 111%. Analysts are expecting CWEB to generate fiscal 2019 revenue and EBITDA of US$251 million and US$70.6 million, respectively, and fiscal 2020 revenue and EBITDA of US$528.2 million and US$198.4 million respectively.