Six Canadian cannabis companies are on the Globe and Mail’s annual list of Canada’s Top Growing Companies for 2026. The ranking covers 375 companies, and the cannabis businesses appear from number 117 – retailer 1CM – down to number 319, where producer Auxly Cannabis lands. In between are both retailers and growers, and one of the companies qualifies for the sixth year in a row.
The list: 375 companies – cannabis businesses between 117 and 319
The Globe and Mail compiles an annual ranking of Canada’s fastest-growing companies. The 2026 edition includes 375 companies, six of which operate in cannabis. The highest placing goes to 1CM of Markham at number 117 and the lowest to Auxly Cannabis of Toronto at number 319. Three-year growth ranges between 64 and 242 percent for the six companies, which together employ more than 3,400 people.
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Retail: 1CM’s store chains and the collapsed deal with SNDL
1CM operates the retail chains T Cannabis, Cost Cannabis and Fresh Cannabis Co. In 2025 the company reported revenue of $73.4 million and net income of $484,849. With 205 employees and three-year growth of 242 percent, 1CM has the highest growth rate among the cannabis companies on the list. According to its July 2026 interim report, the company holds all licences required to operate 32 cannabis stores and seven liquor stores across several provinces. The stores are run by its subsidiaries T Cannabis NW with six stores in Ontario, Tirthankar Limited with 25 stores in Ontario and Cost Cannabis with one store in Saskatchewan. Over the nine months ended May 31, 2026, cannabis retail sales amounted to $48.8 million.
In the autumn of 2025, 1CM agreed to sell 32 stores to SNDL Inc. for $32.2 million. The first part of the deal, five stores in Saskatchewan and Alberta, closed on January 7, 2026 for $5 million. In May 2026 SNDL announced that the second part will not go ahead: the 27 Ontario stores could not be bought because the necessary regulatory approvals were not obtained.
High Tide: 229 stores and a sixth year on the list
High Tide of Calgary ranks 315th, with 1,913 employees and three-year growth of 66 percent. It is the company’s sixth consecutive year on the ranking. High Tide owns Canna Cabana, described as Canada’s largest cannabis retail chain, and is also the parent company of Remexian, a distributor of medical cannabis in Germany.
For the quarter ended July 31, 2026, High Tide reported revenue of $198.8 million, gross profit of $52.7 million and net income of $12.7 million. Revenue rose 33 percent and net income 157 percent compared with the same quarter of 2025, when net income was $832,000. Sales of cannabis, hemp-derived products and other items accounted for 97 percent of net revenue, while consumption accessories accounted for about 3 percent, or $5.5 million.
Brick-and-mortar sales amounted to $161 million, up 7 percent year over year, and medical cannabis distribution through Remexian to $38.2 million. Of the retail sales, $157.4 million took place in Canada, $3 million in the United States and $183,000 internationally. During the quarter the company acquired Northern Helm, comprising four cannabis stores in Ontario. As of July 31, 2026, High Tide operated 229 branded cannabis stores in Canada: 92 in Alberta, 104 in Ontario, 13 in Saskatchewan, 8 in British Columbia and 12 in Manitoba. The company also runs a consumption accessories warehouse in Las Vegas and a CBD manufacturing facility in Denver.
“Six consecutive years on this list is a milestone our entire team should be proud of. We have grown Canna Cabana into Canada’s largest cannabis retail chain, built a deeply loyal customer base and more than doubled Adjusted EBITDA over the three-year period measured,” said Raj Grover, founder and CEO of High Tide.
Producers: Cannara in Quebec and Weed Me in Ontario
Cannara Biotech of Quebec has 447 employees and three-year growth of 198 percent. For the three months ended May 31, 2026, the company reported gross revenue of $44.1 million, net revenue of $31.8 million and net income of $4.8 million. Net revenue rose 16 percent and net income 17 percent compared with the same quarter of 2025. Cannara operates two facilities in Quebec. One is in Farnham and covers approximately 605,000 square feet, of which 190,000 square feet is licensed space and 415,000 square feet is leased warehouse space. The other, Valleyfield in Salaberry-de-Valleyfield, is a hybrid greenhouse used for cultivation, post-harvest processing and solvent-based extraction. Its products are sold under the brands Tribal, Nugz and Orchid CBD.
Weed Me of Ontario has 204 employees and three-year growth of 140 percent. The company is private and does not publish its figures, but the Globe and Mail lists 2025 revenue of between $100 million and $250 million. Weed Me received its cultivation licence in 2018 and appears on the list for the first time. Its products are sold under the brands Weed Me, Thumbs Up, Claire De Lune, Grind, Max, Wink and Blissed.
Avant Brands and Auxly: a loss and a record quarter
Avant Brands of Kelowna, British Columbia ranks 286th, with 200 employees and three-year growth of 83 percent. For the three months ended May 31, 2026, the company reported revenue of $9.2 million, gross profit of $240,000 and a net loss of $3.5 million. Avant operates in British Columbia and Ontario and sells under the brands BLK MKT, Tenzo, Flowr, Treehugger and Cognōscente, as well as under Avant Medical in the medical segment. The company also appeared on the 2025 list.
Auxly Cannabis of Ontario is the sixth cannabis operator on the list, at number 319, with 450 employees and three-year growth of 64 percent. It is the company’s first year on the ranking. Auxly reported net revenue of $33.3 million in the third quarter of 2024, a company record and an increase of 18 percent year over year and 14 percent quarter over quarter. Net income was $3.3 million, compared with $32.6 million in the same quarter a year earlier – a result driven at the time by gains from the extension of the company’s convertible debenture with Imperial Brands. Excluding that effect, net income increased by $17.5 million year over year.
About 76 percent of Auxly’s cannabis sales came from British Columbia, Alberta and Ontario. The company sells under the brands Parcel, Back Forty, Foray, Doescann and Kolab Project and also supplies wholesale dried flower to other licensed producers in Canada. Retail sales of dried flower increased by more than 12 percent and pre-roll sales by nearly 19 percent quarter over quarter. Auxly operates Auxly Charlottetown in Prince Edward Island, where most of its cannabis 2.0 product development takes place, and Auxly Leamington, where it grows and processes dried flower. In May 2024 the company sold its Ottawa facility for $1.7 million. It currently has no active international operations.
Source
Six Canadian Cannabis Companies Named Among Canada’s Top-Growing Businesses for 2026, StratCann
Ranking Canada’s Top Growing Companies of 2026, The Globe and Mail
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