How many total Cannabis CRO Services companies are there in Toronto?

As of January 2026, Toronto has 12 active Cannabis CRO Services companies.

How many Cannabis CRO Services companies in Toronto are funded?

As of January 2026, 8 companies have received funding in this sector.

What is the total funding raised by Cannabis CRO Services companies in Toronto?

Cannabis CRO Services companies in Toronto have collectively raised $231M in funding till date.

Which is the highest funded Cannabis CRO Services company in Toronto?

As of January 2026, Growpacker has raised $375K in funding, highest among the funded Cannabis CRO Services companies in Toronto.

How many exits have occurred in Cannabis CRO Services companies in Toronto?

Cannabis CRO Services sector in Toronto has seen 7 IPOs.

Cannabis CRO Services in Toronto, Canada - 2026 Market & Investments Trends

Q: Who are the top investors in Cannabis CRO Services companies in Toronto?

The top investors in Cannabis CRO Services companies in Toronto by number of investments are BMO and HarbourVest Partners.

Companies included in Cannabis CRO Services

CRO, CDMO, Tech-first/Advanced research companies offering services in cannabinoid drug discovery, preclinical research, and clinical research

Companies excluded in Cannabis CRO Services

Other Cannabis Services, Cannabis Clinic Chains, Cannabis Testing Labs, Cannabis Brands and Retailers, Content Platforms, Horizontal CRO and CDMO Services

Key Metrics

Total Companies

Top Companies

Entourage Health, City View Green & more

Total Funding

$231M

Funded Companies

Series A+ Companies

Series C+ Companies

IPOs

View complete details of this sector

There are more than 14 companies in Cannabis CRO Services in Toronto, Canada. Entourage Health is the top Cannabis CRO Services company in Toronto, Canada, ranked using Tracxn Score (what's this?).

Here are 5 of the top Cannabis CRO Services companies in Toronto, Canada:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Entourage Health	Producer, extractor, processor, and distributor of cannabis	Toronto (Canada)	2013	Public	-
City View Green	Medicinal and recreational cannabis products processing company	Toronto (Canada)	2011	Public	-
RAMM Pharma	Provider of pharmaceutical products based on plant-derived cannabinoids	Toronto (Canada)	1988	Public	-
Growpacker	Manufacturer & distributor of cannabis infused products	Toronto (Canada)	2017	Seed	$375K
MPX International	Provider of medical cannabis products	Toronto (Canada)	2018	Public	-

Get a longer list of companies

Companies founded year-on-year in the Cannabis CRO Services sector in Toronto

2 Cannabis CRO Services startups in Toronto were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	-
2024	-
2023	-
2022	-
2021	1
2020	1
2019	2
2018	1
2017	1

Stage-wise distribution of Cannabis CRO Services sector companies in Toronto

Out of the total 14 Cannabis CRO Services companies in Toronto, 8 have secured funding. Among them, 7 have reached Series A or higher, and 7 to Series B or beyond.

Founded - 14

Funded - 8

Series A+ - 7

Series B+ - 7

Series C+ - 7

Company Stage	No. of companies
Founded	14
Funded	8
Series A+	7
Series B+	7
Series C+	7

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Total funding year-on-year in the Cannabis CRO Services sector in Toronto

The Cannabis CRO Services sector in Toronto saw a total funding of more than $231M in the last 10 years. The most amount of funding was in 2019 at more than $87.7M.

Total Funding

Year	Total Funding
2024	$2.13M
2023	-
2021	$15M
2020	$11.9M
2019	$87.7M
2018	$75.9M
2017	$38.1M

Recent Funding Rounds in Cannabis CRO Services in Toronto

In the year 2024, till August 2024, Cannabis CRO Services companies in Toronto have raised $300K in equity funding across 1 round.

Here are some recent, important funding rounds in Cannabis CRO Services companies in Toronto:

Company	Round Raised	Amount Raised	Funding Date	Investors
GEFION CANADA	Seed	9996	Aug 14, 2024	-
Growpacker	Seed	1501	Jul 11, 2019	-

See a more detailed list of funding rounds

BMO is the top investor in Cannabis CRO Services companies in Toronto based on number of companies invested.

Here are some top investors in Cannabis CRO Services companies in Toronto:

Investor	Location	Top Portfolio Companies
BMO	Toronto (Canada)	Entourage Health
HarbourVest Partners	Boston (United States)	-
Cannapharma Investments	Toronto (Canada)	Growpacker
Cannabis Growth Opportunity Corporation	Toronto (Canada)	-

See a more detailed list of investors

In the year 2018, till October 2018, 1 acquisition happened in Cannabis CRO Services sector in Toronto.

Here are some recent, important acquisitions in Cannabis CRO Services sector in Toronto:

Company	Acquisition Type	Acquisition Date	Acquirers
MPX Bioceutical	Business Acquisition	Oct 18, 2018	iAnthus

See a more detailed list of acquisitions

Acquisition trends in Cannabis CRO Services sector in Toronto

Here are the acquisition trends in Cannabis CRO Services sector in Toronto:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	-
2023	-
2022	-
2021	-
2020	-
2019	-
2018	1
2017	-

In the year 2021, till June 2021, 1 IPO happened in Cannabis CRO Services sector in Toronto.

Here are some recent, important IPOs in Cannabis CRO Services sector in Toronto:

Company	IPO Date	Exchange Symbol
HASHCO	Jun 03, 2021	Canadian Securities Exchange (CSE)
Pure Extracts	Nov 05, 2020	Canadian Securities Exchange (CSE)
RAMM Pharma	Nov 08, 2019	Canadian Securities Exchange (CSE)
City View Green	Mar 05, 2019	Canadian Securities Exchange (CSE)
MPX International	Feb 08, 2019	Canadian Securities Exchange (CSE)