Skymint Premium Cannabis is a distributor of medicinal and recreational cannabis, with expertise in the cultivation, extraction, distribution, and sales of its cannabis products. Products offered to consumers include but are not limited to the following: flowers, tinctures, oils, topicals, tinctures, and edibles. The private company was founded in 2016 and was acquired by Tropics LP in 2023 for $109.4M. Skymint has grown to 21 retail locations in Michigan and reported annualized sales of $68M in 2023. The company is headquartered in Ann Arbor, MI.
Tropics LP is an affiliate of SunStream Opportunities LP, a joint venture sponsored by SNDL Inc. (NASDAQ: SNDL) that leverages a strategic financial and operational partnership to target attractive risk-return opportunities in the cannabis industry to provide exposure to a broad portfolio of investments. SNDL is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. Additionally, the Company operates as a licensed cannabis producer and stands as one of Canada's premier vertically integrated cannabis enterprises, focusing on premium indoor cultivation, cutting-edge product development, and cost-effective manufacturing. Founded in 2006, SNDL has over 350 locations and employs over 2,600 people. The company has a Market cap: of $0.36B and reported revenue of $547.06M. The company is headquartered in Calgary, Alberta, Canada.