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Top 10 Fastest-Growing Cannabis Company of 2020

Posted: May 18, 2020 in Cannabis industry News

Bloom Medicinals Ranked Seventh Fastest-Growing Cannabis Company of 2020.

Bloom Medicinals is proud to announce the company has been ranked the seventh fastest-growing cannabis company of 2020 by the data experts at Growjo.com.

The research conducted by Growjo looked at 200 cannabis companies nationwide. Growjo is a data-based research company that recognizes “companies that were truly dedicated toward growth. Companies that were poised to making moves in their respective industries. Companies that were growing through multiple growth identifiers.”

Cannabis Companies and the Metrics Used to Rank Them

The Growjo study highlighted the most successful cannabis companies and ranked them by how fast they were growing based on several key metrics:

  • All companies have between 30 and 1,000 employees
  • Employee growth and hiring announcements
  • Estimated revenue growth
  • Valuations
  • Quality and quantity of funding
  • Current job openings
  • Leadership team announcements
  • Other growth triggers

“Once again, Bloom Medicinals is honored to be recognized for our hard work,” said Nicole van Rensburg, CEO of Bloom Medicinals. “We take pride in our entrepreneurial spirit and work ethic.”

With thousands of companies vying for medical marijuana business, van Rensburg added that Bloom Medicinals “knows how to find industry opportunities, whether they’re cultivation licenses, dispensary, medical marijuana infused-processing licenses, and more, and then do the research and paperwork to win those licenses. The competition is extremely tough but we’re good at what we do and provide compassionate care to all of our customers.”

The Data Behind the Fastest-Growing Companies

While Growjo looks to identify burgeoning companies it discovered during devising their algorithm Growjo “could actually identify companies that were poised for ongoing and future growth as well. Our algorithm isn’t about just a few indicators like revenue or total employees, it’s about finding trends in multiple data points, predicting growth, and presenting that data in a useful and consumable way.”

Growjo is a free and “no submission necessary” service that highlights the top 10K growing companies in the world, as well as respective U.S. state rankings and industry rankings.

Bloom Medicinals Recent Medical Marijuana Achievements

Bloom Medicinals manages several medical cannabis businesses in multiple states and was an early licensee in Illinois, Maryland, Ohio and Arkansas.

So far, 2020 has been a very busy year for Bloom Medicinals. The company was awarded four medical marijuana dispensary licenses by Missouri’s Department of Health and Senior Services (DHSS) and two medical marijuana cultivation licenses in Missouri. Bloom Medicinals was also awarded two medical marijuana-infused processing licenses in Missouri and one medical cannabis license by the Utah Department of Health (UDOH).

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