These are the top five publicly traded tech companies in the cannabis industry according to market capitalization. Investors will see that market valuation doesn’t necessarily mean that a company is profitable.
Helix TCS, Inc. (HLIX) Helix has a market value of $85 million. This company provides a full suite of security and operating environment services to the cannabis industry. They do corporate investigations, guarding, monitoring security systems and military level transportation and tracking. As of March 2017, the company posted quarterly revenue of $691,000 and a gross profit of $81,000, however the net income was a loss of $5.4 million.
Leafbuyer Technologies Inc. (LBUY) Leafbuyer has a market value of $81 million. Leafbuyer is the official cannabis deals platform for Thecannabist.co, which is owned by the Denver Post and westword.com. It operates one of the largest cannabis-based job boards in the industry and partners with other cannabis websites. As one of the largest online cannabis stores, it connects consumers with dispensaries. As of March 2017, the company recorded quarterly revenue and a gross profit of $231,000. The quarter though posted a net loss of $108,000.
Singlepoint, Inc. (SING) Singlepoint has a market valuation of $54 million. This company began life as a full-service mobile tech provider, but has since morphed into a holding company. Recent deals have involved cryptocurrency, cultivation consulting and hydroponics. The company just reported its most recent quarter on August 14 and delivered revenue of $155,624 with a gross profit of $34,599. The net loss for the quarter was $569,007.
MassRoots, Inc. (MSRT) MassRoots has a market valuation of $41 million. Often called the “Facebook” of cannabis, this social media site has been expanding its reach into retail software and compliance reporting. For the last quarter reporting on August 14, the company delivered revenue of $142,873. The net losses were $11.6 million.
Bang Holdings Corp. (BXNG) Bang Holdings has a market valuation of $20 million. This company isn’t a digital provider, but instead an investor in cannabis-related digital content. Bang provides brand management, digital content and influencer-based marketing. The company filed its most recent quarterly earnings in May with no revenue and losses of $240,115. Be warned that this company has debt of $3.9 million and is in default of a $500,000 convertible note.