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Top Global CBD Oil Suppliers

According to ThomasNet, the top global CBD oil suppliers by revenue are Canopy Growth Corporation, Tilray, Elixinol, GW Pharmaceuticals (recently acquired by Jazz Pharmaceuticals), and Aurora Cannabis.

With almost double the revenue as the nearest competitor (which can be seen at the bottom of the page), we expected Canopy Growth to show the highest number of global searches, but instead, we saw Tilray take center stage as the company with the most searches.

Global Search Popularity

Worldwide Cannabinoid Search Trends

Note:
Numbers represent search interest relative to the highest point on the chart for the given region and time.
A value of 100 is the peak popularity for the term. A value of 50 means that the term is half as popular. A score of 0 means there
was not enough data for this term.

Tilray, a Peter Thiel backed cannabis company, is the first cGMP certified medical cannabis producer of dried flower and extracts. Their recent spike in search interest could be related to the popular Reddit forum, /r/wallstreetbets, singled out the stock for being heavily shorted. Along with its December 2020 merger with Aphria, this may have been a large contributor to its price surge within the last 90 days, and subsequently, it’s increase in search popularity.

Financial Figures For The Top 5 Most Searched Companies

Top global suppliers of cbd oil company Estimated annual revenue Search popularity rank
Canopy Growth Corporation $ 77,900,000 2
Tilray $ 43,130,000 1
Elixinol LLC $ 37,100,000 5
GW Pharmaceuticals $ 19,391,000 4
Aurora Cannabis $ 19,147,000 3
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**Please note this article is part of a larger series that was first released in the June 2021 Monthly Playbook.

Please note this article is part of a larger series that was first released in the April 2021 Monthly Playbook.  If you would like to receive the complete monthly playbook please join below.

If you would like to join the 1,512 others who are receiving high-signal, data-driven analysis to be in front of their peers in the cannabinoid space you can do so below. Each month we spend hours analyzing market research, data trends and private conservations to will keep you in front of the ever-evolving cannabinoid industry.

Cannabis Manufacturing For The 21st Century

Part 6: Overview of Extraction Methodologies & Monitoring

The separation of the wide array of compounds in cannabis sativa L. is becoming more important as regulations on cannabinoid containing products develop and become more stringent. There are a few common solvent methodologies used for extraction in the cannabis industry.

Alcohol extraction uses ethanol and is one of the most common and efficient methods of extracting the cannabinoids. The process can be done in either warm or cold ethanol. In warm or room temperature ethanol, the cannabinoids dissolve quickly leading to a high yield of cannabinoids. For warm ethanol extraction, the initial step is to soak the raw material in Ethanol to pull off the trichomes. In cold ethanol extraction, the first step is to chill the ethanol down to -40˚C before introducing the cold ethanol to the cannabis biomass.

Afterwards, the mixture is collected, filtered and the solvent is evaporated and reclaimed. In warm ethanol extractions, additional purification steps, such as winterization, are necessary. The biggest issue with scaling up this particular process is the ethanol itself. Because of its flammability, it is rated as a Class 1 Division 2 solvent, which limits the amount of Ethanol that can be stored on a particular site.[1] The evaporation of the solvent from the enriched liquid also requires specialized equipment to efficiently evaporate the ethanol to be reused in a closed-loop process.

ABCS Of Cannabinoid Manufacturing

Hydrocarbon extraction generally uses either propane or butane. Similar to the cold alcohol method, the hydrocarbon solvent is cooled down to below it’s boiling point so that it is in liquid form. The initial extraction washes the raw material with the cold hydrocarbon solvent. The hydrocarbons with the products of interest can be separated by flowing the mixture into a separate area and raising the temperature. [2] With low boiling points, the hydrocarbons evaporate well below the point of degradation of some of the more volatile compounds, leaving behind the cannabinoids, terpenes, flavonoids and waxes.

After the separation of the hydrocarbons from the extract, the propane or butane can be recirculated though the biomass creating a closed-looped system. The result is an extract that is relatively free of inactive plant matter such as chlorophyll, fats and lipids. Inline de-waxing can also be accomplished using the same hydrocarbon solvent thereby entirely removing the need for winterization.

Overview of Extraction Methodologies & Monitoring

Despite this advantage, hydrocarbon extraction is losing popularity for several reasons including, but not limited to, regulations for handling propane/butane and stigma attached to a using a hazardous chemical for the extraction. [3] Similar to alcohol extraction, hydrocarbons are flammable, but they are more stringently classified as Class 1 Division 1. Another difficulty is that many places are banning the use of hydrocarbon extraction, making the setup and scale-up of this process unachievable.

In the next issue, we’ll discuss the final extraction method: supercritical CO2. It’s many advantages make it a promising option for those looking to dive into extraction.

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