Welcome to the fourth annual Report on Business ranking of Canada’s Top Growing Companies. Among the 430 businesses on the list, there are four purveyors of cannabis, 12 logistics providers, four companies catering to fur babies and one that specializes in satisfying your craving for ramen. But whether they’re based in Vancouver or tiny Tara, Ont., have five employees or 7,500, one thing unites them: They’ve all managed to grow through some of the most tumultuous years on record.
Launched in 2019 by The Globe and Mail, the Canada’s Top Growing Companies program ranks participating private and public Canadian businesses on three-year revenue growth. This is a voluntary program. We accepted entries from businesses through to May 2022.
Applicant companies had to submit a ballot, complete a full application survey and supply supporting financial documentation to our research team for both 2018 and 2021. We evaluated companies based on the most recent fiscal year for which financial statements were available. In some cases, companies were evaluated on calendar years instead of fiscal.
In order to qualify, a company had to have at least $2 million in annual sales in its most recent fiscal year. Companies had to be for-profit, Canadian-run, headquartered in Canada and independent.
Franchisors were ranked on corporate revenue only, not systemwide sales. All revenue figures are in Canadian dollars, unless otherwise indicated.
Research was conducted by Fiona Collie, Sharon Joseph and Rasha Rehman. To learn more about the program or to apply for the 2023 ranking, please visit tgam.ca/TopGrowing.
Canada’s top growing companies by three-year revenue growth
Canada’s Top Growing Companies: Honourable Mentions
Due to an administration error on the part of the Top Growing Companies team, the following companies were not included in this year’s ranking. They each submitted all necessary documents in good order and on time, and would have made the ranking if the error had not occurred.
· Bloom Care Solutions, Vaughan Ont. Three-year revenue growth: 6,292%
· SitePartners, Langley, B.C. Three-year revenue growth: 1,210
· Thigh Society Inc., Toronto Three-year revenue growth: 257%
· Dig Insights, Toronto Three-year revenue growth: 132%
· Searchlight Pharma Inc., Montreal Three-year revenue growth: 118%