North America’s No. 1 cannabis-infused edibles manufacturer earns ranking on annual Inc. 5000 list for fourth year in a row
BOULDER, Colo. (August 17, 2021) – Wana Brands announced today that it has earned the rank of No. 2,675 on the annual Inc. 5000 list of the nation’s fastest-growing private companies. This marks the fourth consecutive year that Wana has earned a position on the list and demonstrates a triumph of the company’s resilience and resourcefulness during one of the most challenging business years in history.
“Despite the immense difficulties of the past year, we continued to launch innovative new products and expand into multiple new markets, all while listening to consumers and doubling down on the support we provide to the communities we serve,” said Nancy Whiteman, CEO of Wana Brands. “The recognition of being included on the Inc. 5000 list is an honor for everyone at Wana who helped contribute to this success in 2020. Everything we have accomplished is propelled by their talent and dedication.”
The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. The average median three-year growth rate soared to 543% among those companies on the list, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years. With a three-year growth rate of 152%, Wana Brands expanded into five new markets during 2020.
“During a time when so many companies struggled to stay afloat and keep serving customers, we were extremely fortunate to be reaching out to new consumers since cannabis was deemed essential during the global pandemic,” Whiteman continued. “It has been an extremely challenging year, so landing a spot on the Inc. 5000 is even more meaningful.”
Wana’s designation as an Inc. 5000 company comes on the heels of several prestigious award wins. The Denver Business Journal (DBJ) has recognized Wana CMO Joe Hodas as the winner of its C-Suite Award 2021: CMO Category (August 2021). DBJ also identified Wana Brands as the winner of its Corporate Social Responsibility category in its Small Business Awards (May 2021) for its efforts to fight systemic racism in the cannabis industry. Wana Brands was included in BizWest’s Mercury 100, Boulder County Flight 1 No. 4, with a two year growth rate of 97% (May 2021).
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on the 2021 Inc. 5000 list. The full list is available at https://www.inc.com/inc5000/2021.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” said Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
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Wana Brands: Enhance Your Life.
Included in the 2021 Inc. 5000 list, Wana Brands is the No. 1 edibles brand in North America. Wana leads the industry in quality, consistency and potency, providing a range of different options that enable customers to select the specific cannabis experience they want. Wana products offer diverse product forms, a wide range of CBD/THC ratios, as well as a variety of different dosages, onset times and duration of effects. Wana’s best-selling quick onset products were the first to offer a Delta-9 “smoker’s high” experience in addition to 5-15 minute onset. Wana products are available in 11 US and 9 Canadian markets, among others imminently coming online. For more information or to subscribe to Wana’s e-newsletter, visit www.wanabrands.com. Follow Wana on LinkedIn, Twitter, YouTube and Pinterest. Subscribe to Wana’s Enhance Your Life Podcast.
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 web sites, 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 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.