With a three-year revenue growth of 203.72%, Wana ranks No. 2074
Boulder, Colo. (August 12, 2020)—Inc. Magazine today revealed that Wana Brands is No. 2074 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. One of nine Boulder, Colo., companies on the list, Wana has pioneered the gummie as a consistent, potent and delicious delivery system for cannabis. Wana grossed over $25 million in 2019 and carved a niche for itself by constantly innovating its product line. Its products are vegan, gluten-free, and made with all-natural ingredients.
“The cannabis industry is still relatively new, and we’ve barely begun to understand all of the possibilities for what the plant can do,” noted Nancy Whiteman, CEO, Wana Brands. “As we look at the consumer demographic expanding, more cannabis consumers are utilizing the plant for a wider variety of conditions. At Wana, we prioritize innovation, such as the launch of our top selling Quick Onset line of products, which address the onset time of cannabis edibles, a major hurdle in consumer adoption.”
Wana Brands continues to innovate its products to achieve specific results from interaction with the body’s endocannabinoid system. One of the most important areas of focus for cannabis innovation today is product bioavailability, which has been a major focus for Wana since the company’s inception. A product’s bioavailability is important because when the active ingredient isn’t absorbed into the bloodstream results are inconsistent. If a product isn’t bioavailable, it’s being wasted. That costs the consumer, and it can be expensive for the manufacturer, especially if they lose a customer because a product doesn’t work as expected. With Wana’s recent introduction of its “quick onset” line of products, the company has accomplished innovative results with infused-cannabis gummies, creating an edible much different from slower-acting classic varieties.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500% and a median rate of 165%. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” said Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
For more information or to schedule an interview, please contact Shawna Seldon McGregor at 917-971-7852 or[email protected].
More about Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured inInc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.
Wana Brands: Enhance Your Life.
Included in the 2020 Inc. 5000 list at #1536 and boasting a three-year growth rate of 203.72%, Wana Brands is the No. 1 edibles brand in the United States, with more dollars sold than any other brand, according to BDS Analytics 2019 Brand Share Report. Wana leads the industry in quality, consistency and potency, providing a range of different options that enable customers to create the specific cannabis experience they want. Wana products offer diverse product forms including edibles, vapes, and extended-release capsules, four different CBD/THC ratios as well as a variety of different dosages, onset times and duration of effects. The portfolio is designed so products can be used singly or in combination to address specific health, wellness, and recreational needs. Wana products are available in Colorado, California, Illinois, Michigan, Ohio, Arizona, Oregon and Oklahoma dispensaries, with Maryland, Missouri and Florida (as regulations allow) among the states imminently coming online. Wana Brands will also expand internationally to Canada in 2020. For more information or to subscribe to Wana’s e-newsletter, visit www.wanabrands.com. Follow Wana on LinkedIn, Twitter, YouTube and Pinterest.