Aphria Inc., Tilray and CANOPY GROWTH CORPORATION are dominating the Europe Cannabis Market in 2021

Europe Cannabis Market is expected to grow with a CAGR of 43.1% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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Europe cannabis market is a highly fragmented market, which includes many key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the Europe cannabis market are introducing strong range of products provider along with launching new products into the market and adopting strategic initiatives such as acquisition, agreement, business expansion and award & recognition. This helped the companies to maximize sales with enhanced product portfolio.

For instance,

Naturally Splendid has launched a hemp-based performance snack that is keto diet friendly named Key-to Life Keto Bars as part of its NATERA product line

CROP Infrastructure announced the launch of a new functional beverage line called CannaDrink, which uses Naturally Splendid’s proprietary HempOmega powder, which is made from microencapsulated hemp seed oil

Aphria Inc., Tilray and CANOPY GROWTH CORPORATION are the dominating players in the Europe cannabis market. The other key players existing in the market are Aurora Cannabis Inc., The Cronos Group, Cannabis Science Inc., SOMAÍ Pharmaceuticals Inc., IMCI Pharmaceuticals, Peace Natural Projects inc, BOL Pharma, PharmaHemp, Kiehl's, Endoca, Althea Company Pty Ltd and IDT Australia among others.

APHRIA INC.

Aphria Inc. was founded in the year 2014 and is headquartered in Maryland, Canada, U.S. The company focuses on the production of medical cannabis products. The various product categories of the company include sativa, indica, hybrid and blend and the market focused categories are sativa, indica, hybrid and blend.

For instance,

In August 2020, Aphria Inc. announced that it participated in the 40th Annual Cannacord Genuity Global Growth Conference and discussed the recent trends in the medical cannabis industry

The company has a presence across North America, Europe, Middle East and Africa and Asia-Pacific.

TILRAY

Tilray was founded in the year 2018 and is headquartered in Canada, U.S. The company is focused on research, cultivation, processing and distribution of cannabis. The company operates in various business segments such as dried cannabis, cannabis extracts, hemp products, accessories and others in which dried cannabis, cannabis extracts, hemp products, accessories and others are market focused segments. The company has various product categories such as medical cannabis and accessories and medical cannabis is the market focused category.

For instance,

In January 2020, Tilray announced that it has entered into an agreement with Canndoc Ltd. to export a wholesale shipment of up to 2.5 tons of medical cannabis from Portugal to Israel

The company has a presence across North America, Europe, South America, Asia-Pacific and Middle East and Africa. In addition, the company also generates its revenue from various subsidiaries including Tilray Canada (Canada), Tilray Europe (Europe), Tirlary Australia & New Zealand (Australia), Manitoba Harvest (U.S.) and High Park Company (Canada) among others.

Europe Cannabis Market

CANOPY GROWTH CORPORATION

CANOPY GROWTH CORPORATION was founded in the year 2010 and is headquartered in Canada, U.S. The company focuses on the manufacturing and distribution of medical cannabis products by selling a variety of seeds in the legal sector. The company operates in various business segments such as cannabis, hemp and other consumer products in which cannabis and hemp are the market focused segments The various product categories of the company include edibles, beverages, vapes, dried flower, oils & concentrates, softgel capsules and hemp in which edibles, vapes, dried flower, oils & concentrates and softgel capsules are the market focused categories.

For instance,

In August 2022, CANOPY GROWTH CORPORATION announced limited edition pumpkin spice CBD wellness gummies inspired by all flavors

The company has a presence across North America, Europe, South America, Asia-Pacific and Middle East and Africa. In addition, the company also generates its revenue from various subsidiaries including BioSteel (Canada), Spectrum Therapeutics (Canada), Tokyo Smoke (Japan), KeyLeaf Life Sciences (Canada) and Tweed Inc. (Canada) among others.

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