NEW YORK, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Today, Inc. revealed that Copperstate Farms is No. 1660 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“It is extremely rewarding to represent the cannabis industry on a national scale and receive mainstream recognition alongside companies that have had a transformative impact on our world,” stated Fife Symington IV, CEO and co-founder at Copperstate Farms.
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 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 featured in the September issue of Inc. magazine, which will be available on August 23.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
Established in 2016, Copperstate Farms is a vertically integrated cannabis operator headquartered in Phoenix, Arizona. The company manages a 40-acre glass greenhouse in Snowflake, Arizona, and five Sol Flower dispensary retail locations in Phoenix, Scottsdale, Sun City, and two in Tempe. Copperstate Farms is home to multiple product suites, including the award-winning Good Things Coming cannabis brand and Jukebox. Over the past six years, Copperstate Farms has grown its team to more than 700 employees and remains the top cannabis wholesaler in Arizona. For more information, visit CopperstateFarms.com.
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More about Inc. and the Inc. 5000
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
About Inc.
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 & Gala 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 & Gala, visit http://conference.inc.com/.
About Copperstate Farms Management, LLC:
Established in 2016, Copperstate Farms Management, LLC, is a vertically integrated cannabis operator headquartered in Phoenix, Arizona. The company manages the licensed production and distribution of cannabis and operates a 1.7-million-square-foot greenhouse in Snowflake, Arizona, on behalf of licensed entity Holistic Patient Wellness Group, Inc. (License #00000019DCGM00234427 and #00000015ESEM68131310).
Copperstate Farms is the parent company of multiple product suites and dispensary retail concept Sol Flower, with locations in Phoenix, Scottsdale, Sun City, and two in Tempe, Arizona. The Sun City retail operation includes a public-facing café and wellness classroom.
Copperstate Farms is dedicated to bringing growth to the local and state economy through the hiring of local workers, material suppliers, and contractors. For more information, visit CopperstateFarms.com.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e9b90ab6-bad1-4ec3-aeef-3c903cbf140b
