# Top 24 Cannabis Startups in Canada by Funding (2026)

> The 24 best-funded cannabis startups in Canada, ranked by total funding raised: $695M combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/cannabis-startups-canada (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Tilray**](https://millionrounds.com/company/tilray) *Founded* - Canada **$198M** last round May 2023
- 2 [**RIV Capital** RIV Capital is a venture capital firm specializing in cannabis.](https://millionrounds.com/company/riv-capital) RIV Capital is a venture capital firm specializing in cannabis. *Founded* - Toronto, Canada **$150M** last round Aug 2021
- 3 [**Canopy Growth** Canopy Growth is a cannabis consumer product company that manufactures medical cannabis to improve lives.](https://millionrounds.com/company/canopy-growth) Canopy Growth is a cannabis consumer product company that manufactures medical cannabis to improve lives. *Founded* - Smiths Falls, Canada **$148M** last round Jan 2026
- 4 [**OrganiGram** OrganiGram is a producer and distributor of medical and recreational cannabis.](https://millionrounds.com/company/organigram) OrganiGram is a producer and distributor of medical and recreational cannabis. *Founded* - Moncton, Canada **$53M** last round Feb 2026
- 5 [**Aurora Cannabis** Aurora Cannabis is a medical marijuana producer that provides its patients quality products, customer service, and affordable pricing.](https://millionrounds.com/company/aurora-cannabis) Aurora Cannabis is a medical marijuana producer that provides its patients quality products, customer service, and affordable pricing. *Founded* - Edmonton, Canada **$25M** last round Sept 2023
- 6 [**Dixie**](https://millionrounds.com/company/dixie) *Founded* - Canada **$25M** last round Oct 2018
- 7 [**TerrAscend** TerrAscend is a cannabis company that provides products, brands, and services to the cannabinoid market.](https://millionrounds.com/company/terrascend) TerrAscend is a cannabis company that provides products, brands, and services to the cannabinoid market. *Founded* 2017 Mississauga, Canada **$22M** last round Jun 2026
- 8 [**SLANG Worldwide** SLANG is a consumer-packaged-goods company that offers branded cannabis consumer products.](https://millionrounds.com/company/slang-worldwide) SLANG is a consumer-packaged-goods company that offers branded cannabis consumer products. *Founded* 2017 Toronto, Canada **$17M** last round Nov 2021
- 9 [**Heavenly Rx**](https://millionrounds.com/company/heavenly-rx) *Founded* - Canada **$15M** last round Jul 2019
- 10 [**Verdemed** VerdeMed is a Canadian pharmaceutical cannabis company based in Toronto, Ontario, founded in 2018 by a team of doctors and executives from Brazil and Colombia.](https://millionrounds.com/company/verdemed) VerdeMed is a Canadian pharmaceutical cannabis company based in Toronto, Ontario, founded in 2018 by a team of doctors and executives from Brazil and Colombia. *Founded* 2018 Toronto, Canada **$13M** last round Apr 2019
- 11 [**Henry's Original**](https://millionrounds.com/company/henry-s-original) *Founded* - Canada **$11M** last round Aug 2019
- 12 [**PharmaCielo** PharmaCielo is a global company privately held and headquartered in Canada.](https://millionrounds.com/company/pharmacielo) PharmaCielo is a global company privately held and headquartered in Canada. *Founded* 2015 Toronto, Canada **$3.5M** last round May 2022
- 13 [**Nextleaf Solutions** Nextleaf Solutions is a provider of customized extraction and processing services to licensed cannabis and hemp growers.](https://millionrounds.com/company/nextleaf-solutions) Nextleaf Solutions is a provider of customized extraction and processing services to licensed cannabis and hemp growers. *Founded* 2015 Vancouver, Canada **$3.2M** last round Dec 2021
- 14 [**Flower Co.**](https://millionrounds.com/company/flower-co) *Founded* - Canada **$2.8M** last round Jul 2019
- 15 [**TruLeaf** Truleaf is a commercial cannabis cultivation, manufacturing, and distribution company.](https://millionrounds.com/company/truleaf) Truleaf is a commercial cannabis cultivation, manufacturing, and distribution company. *Founded* 2014 Canada **$2.2M** last round Sept 2015
- 16 [**CannTrust** CannTrust is a producer of medical cannabis.](https://millionrounds.com/company/canntrust) CannTrust is a producer of medical cannabis. *Founded* 2014 Toronto, Canada **$2.1M** last round Sept 2015
- 17 [**Christina Lake Cannabis** Christina Lake Cannabis focuses on oil extraction that provides for more significant margin opportunities.](https://millionrounds.com/company/christina-lake-cannabis) Christina Lake Cannabis focuses on oil extraction that provides for more significant margin opportunities. *Founded* 2018 Vancouver, Canada **$1.1M** last round Oct 2025
- 18 [**Mammoth** Mammoth Comfort is a retailer of mattresses and sofas.](https://millionrounds.com/company/mammoth) Mammoth Comfort is a retailer of mattresses and sofas. *Founded* 2007 Newcastle upon Tyne, Canada **$1.0M** last round Dec 2022
- 19 [**bud.com** A California benefit corporation delivering recreational cannabis.](https://millionrounds.com/company/bud-com) A California benefit corporation delivering recreational cannabis. *Founded* 2017 Canada **$1.0M** last round Oct 2018
- 20 [**GrowerIQ** Cannabis Management Platform](https://millionrounds.com/company/groweriq) Cannabis Management Platform *Founded* 2019 Toronto, Canada **$803K** last round Sept 2023
- 21 [**Sol Global Investments** SOL is an international cannabis company that offers strategic investments and partnerships.](https://millionrounds.com/company/sol-global-investments) SOL is an international cannabis company that offers strategic investments and partnerships. *Founded* - Toronto, Canada **$566K** last round Jan 2026
- 22 [**Whistler Technologies** Whistler Technologies is a Canadian company based in Whistler, British Columbia, specializing in cannabis-extraction equipment.](https://millionrounds.com/company/whistler-technologies) Whistler Technologies is a Canadian company based in Whistler, British Columbia, specializing in cannabis-extraction equipment. *Founded* 2016 Whistler, Canada **$250K** last round Jan 2022
- 23 [**Core One Labs** Core One Labs produces cannabis for oral consumption.](https://millionrounds.com/company/core-one-labs) Core One Labs produces cannabis for oral consumption. *Founded* 2010 Vancouver, Canada **$219K** last round Jun 2024
- 24 [**Revive Therapeutics** Revive Therapeutics is focused on the research, development and commercialization ofnovel therapies and technologies company.](https://millionrounds.com/company/revive-therapeutics) Revive Therapeutics is focused on the research, development and commercialization ofnovel therapies and technologies company. *Founded* 2012 Vaughan, Canada **$66K** last round Jul 2025

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back cannabis startups in Canada in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More cannabis lists

[See all](https://millionrounds.com/top-lists?t=Cannabis)

[*P* *FG* *D* **Cannabis startups worldwide** 165 companies · $4.4B](https://millionrounds.com/top-lists/cannabis-startups)[*P* *FG* *D* **Cannabis startups in the United States** 114 companies · $3.8B](https://millionrounds.com/top-lists/cannabis-startups-united-states)[*AW* *GG* *IC* **Cannabis startups founded in 2018** 25 companies · $357M](https://millionrounds.com/top-lists/cannabis-startups-founded-2018)[*CG* *CL* *O* **Cannabis startups that raised in 2026** 12 companies · $384M in 2026](https://millionrounds.com/top-lists/cannabis-startups-raised-2026)

## More lists for Canada

[See all](https://millionrounds.com/top-lists?r=Canada)

[*C* *H8* *AP* **Startups in Canada** 2,950 companies · $38B](https://millionrounds.com/top-lists/startups-canada)[*A* *T* *AP* **Health startups in Canada** 386 companies · $5.7B](https://millionrounds.com/top-lists/health-startups-canada)[*C* *H8* *C* **AI startups in Canada** 285 companies · $20B](https://millionrounds.com/top-lists/ai-startups-canada)[*LG* *P* *H* **IT Services startups in Canada** 232 companies · $2.0B](https://millionrounds.com/top-lists/it-services-startups-canada)[*A* *T* *RT* **Biotech startups in Canada** 210 companies · $4.9B](https://millionrounds.com/top-lists/biotech-startups-canada)[*A* *RT* *T* **Healthcare startups in Canada** 195 companies · $3.7B](https://millionrounds.com/top-lists/healthcare-startups-canada)[*E* *GF* *EF* **Climate tech startups in Canada** 126 companies · $2.8B](https://millionrounds.com/top-lists/climate-tech-startups-canada)[*5G* *T* *P* **Big Data & Analytics startups in Canada** 116 companies · $3.0B](https://millionrounds.com/top-lists/big-data-startups-canada)