market, estimated at $8.5 billion, represents 90% of the total global market for cannabis (which grew by 37% in 2017). ![]() Source: New Cannabis Ventures Market SizeĪccording to Forbes, the U.S. Public Cannabis Company Revenue Tracker ( USD) Company Name ![]() In terms of total sales generated in Washington, NWCS is second only to "Grow Op Farms" (a private company, with $137,953,485).Ĭannex now sits at #24 on the " Public Cannabis Company Revenue Tracker" for US Dollar Reporting firms, an index of all publicly-traded cannabis companies that report their financials in terms of USD. Since Washington State's legalization of recreational cannabis, NWCS has generated $94,092,459 in total sales. Northwest Cannabis Solutions (NWCS), currently Cannex's largest revenue-producing asset, has been Washington State's top producer/processor of cannabis in nearly every month since legalization took place in 2016. The foundation of Cannex's business is its operations in Washington State. On October 19, 2018, Cannex upgraded to OTCQX from OTCQB Venture Market. Cannex raised $36m USD in its pre-RTO financing, as a parent company to several US licensed producers created to provide access to global capital markets.Īs of June 2018, Cannex began trading in US markets under the OTCQB ticker CNXXF. The Company has operations in Washington State and a corporate head office in Vancouver, BC, Canada."Ĭannex was an was one of the first US producers to list publicly via a reverse-takeover ( RTO) merger with a Canadian shell company (formerly Arco Resources).
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