Azuca
With sales growing by an astounding 2,628% over the past three years, Azuca was the highest ranking cannabis-related company on this year’s Inc. 5000, the prestigious listing of the fastest growing privately owned companies in the United States.
Since the company’s launch in 2018, the manufacturer of ingredients for edibles has sold more than 200 million 5-milligram servings.
“We’re honored to be listed on the Inc. 5000, and both blown away and humbled by such a prominent ranking. My hat is off to the entire Azuca team who have worked tirelessly on our mission to revolutionize the edibles industry with cutting-edge solutions for cannabis manufacturers and consumers,” said CEO Kim Sanchez Rael.
Boveda
For a fifth consecutive year, the humidity control company Boveda was awarded the title of Best Places to Work by the Minneapolis/St. Paul Business Journal. The company received the recognition in the medium-sized business category, which is defined as businesses with 50 to 99 employees.
The journal awarded 70 companies in total based on evaluated leadership, company culture, pain points and overall job satisfaction.
“We are thrilled to be recognized as a Best Places to Work five years in a row because it’s based on the dedication, passion and commitment of an incredibly talented team,” said chief human resources officer Andrea Pollari. “At Boveda, we strive for an environment where people support one another through open communication, collaboration, trust, respect and a passion for personal and professional development.”
Fig Farms
Fig Farms, a family-owned and operated cannabis breeder and cultivator, won a pair of first-place awards in this year’s High Times Cannabis Cup SoCal. The company took top honors in the Indica Flower and Hybrid Flower categories, with its in-house cultivars Blue Face and Animal Face, respectively. Earlier in the year, the company’s Blue Face won first place in the Indoor Flower category and Best in Show in the 2023 Emerald Cup Awards.
“Competitions like these inspire us and remind us of our pre-legalization roots,” said Fig Farms CEO Keith Healy, who launched the brand with his wife, Chloe, in a Northern California garage in 2016. “Our first win came from a strain my wife, Chloe, bred in our garage; that win, the 2017 High Times Cup, cemented our belief that we were onto something unique. I’m humbled to still be held in such high regard by the cannabis community.”
NOBO
The Colorado-based vertically integrated company NOBO was recently named to the Mercury 100 for 2023, a list compiled by BizWest of the fastest growing companies in Colorado.
NOBO has enjoyed incredible growth in the past three years, with revenue increasing 667% between 2020 and 2022. NOBO ranked No. 1 on the Mercury 100 and was the only cannabis company to make the list.
“We set out to build a company that redefines the cannabis industry and paves the way as more states legalize cannabis,” NOBO CEO Alan Bonsett said. “This award demonstrates our success in building a foundation for many years to come.”
The Clear
The Clear cleaned up at several recent competitions, including five trophies at Rooster Magazine’s THC Classic, known as the only blind-judging competition in Colorado. The company took first place in the Flavored Vape, New Product and Wildcard categories, and second place in the Gummy and Disposable Vape categories, then went on to earn second place for flavored vapes and third place for disposable vapes at the Rooster Magazine 710 Showdown, and first-place trophies for best infused product and best botanical vape at Hemp Connoisseur’s THC Championship. The company closed out a busy month with a third-place finish for their TWAX infused prerolls at the Nevada Cannabis Awards Music Festival.