<div id="readability-page-1"><div><p>As we step into 2026, investors are encouraged to evaluate the health of the Canadian economy and consider diversifying their portfolios amid fluctuating employment trends and evolving inflation data. In this context, growth companies with high insider ownership can be particularly appealing, as they often reflect strong internal confidence and alignment with shareholder interests.</p><h3>Top 10 Growth Companies With High Insider Ownership In Canada</h3><table><tbody><tr><td><strong>Name</strong></td><td><strong>Insider Ownership</strong></td><td><strong>Earnings Growth</strong></td></tr><tr><td>Zedcor (TSXV:ZDC)</td><td>19.2%</td><td>122.6%</td></tr><tr><td>West Red Lake Gold Mines (TSXV:WRLG)</td><td>11.1%</td><td>78%</td></tr><tr><td>Stingray Group (TSX:RAY.A)</td><td>22.9%</td><td>33.9%</td></tr><tr><td>Robex Resources (TSXV:RBX)</td><td>20.6%</td><td>97.7%</td></tr><tr><td>Propel Holdings (TSX:PRL)</td><td>29.8%</td><td>30.6%</td></tr><tr><td>goeasy (TSX:GSY)</td><td>21.7%</td><td>27.3%</td></tr><tr><td>Enterprise Group (TSX:E)</td><td>34.3%</td><td>33.8%</td></tr><tr><td>Electrovaya (TSX:ELVA)</td><td>28.0%</td><td>38.1%</td></tr><tr><td>CEMATRIX (TSX:CEMX)</td><td>10.7%</td><td>58.3%</td></tr><tr><td>Almonty Industries (TSX:AII)</td><td>11.1%</td><td>50.4%</td></tr></tbody></table><p>Click here to see the full list of 48 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.</p><p>We're going to check out a few of the best picks from our screener tool.</p><h2>Green Thumb Industries (CNSX:GTII)</h2><p><strong>Simply Wall St Growth Rating:</strong> ★★★★☆☆</p><p><strong>Overview:</strong> Green Thumb Industries Inc. is involved in the manufacturing, distribution, marketing, and sale of cannabis products for both medical and adult use in the United States with a market cap of CA$2.48 billion.</p><p><strong>Operations:</strong> Green Thumb Industries generates revenue through its retail operations, which account for $818.18 million, and its consumer packaged goods segment, contributing $679.67 million.</p><p><strong>Insider Ownership:</strong> 10.1%</p><p>Green Thumb Industries has experienced significant insider selling over the past three months, and its share price remains highly volatile. Despite trading at 34.9% below estimated fair value, GTII's earnings are forecast to grow at a strong 28.6% annually, outpacing the Canadian market's growth rate. Recent earnings reported net income of US$23.29 million for Q3 2025, up from US$8.62 million a year ago, indicating improved profitability despite lower profit margins compared to last year.</p><ul><li>Click to explore a detailed breakdown of our findings in Green Thumb Industries' earnings growth report.</li><li>Insights from our recent valuation report point to the potential undervaluation of Green Thumb Industries shares in the market.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c9fa3231-5586-4272-b611-de89540378de/chart/earnings-and-revenue-growth?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c9fa3231-5586-4272-b611-de89540378de/chart/earnings-and-revenue-growth"/><figcaption>CNSX:GTII Earnings and Revenue Growth as at Jan 2026</figcaption></figure><h2>Anaergia (TSX:ANRG)</h2><p><strong>Simply Wall St Growth Rating:</strong> ★★★★★☆</p><p><strong>Overview:</strong> Anaergia Inc. specializes in generating renewable energy and converting waste to resources across various regions including Italy, North America, Europe, the Middle East and Africa, and the Asia Pacific, with a market cap of CA$403.99 million.</p><p><strong>Operations:</strong> The company's revenue is derived from three main segments: O&amp;M Services (CA$20.65 million), Capital Sales (CA$108.54 million), and Build, Own, and Operate (CA$13.37 million).</p><p><strong>Insider Ownership:</strong> 26.3%</p><p>Anaergia's growth prospects are bolstered by forecasts of becoming profitable in three years, with revenue expected to grow at 30.7% annually, surpassing the Canadian market average. Recent contracts, including a CAD 43.8 million project in San Diego and a renewable energy solution for PepsiCo Mexico Foods, highlight its expanding footprint. However, substantial insider selling and ongoing legal challenges may pose risks despite analysts' consensus on potential stock price appreciation of over 100%.</p><ul><li>Navigate through the intricacies of Anaergia with our comprehensive analyst estimates report here.</li><li>Upon reviewing our latest valuation report, Anaergia's share price might be too pessimistic.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/291b4126-8363-4585-8d97-25f603ef284d/chart/earnings-and-revenue-growth?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/291b4126-8363-4585-8d97-25f603ef284d/chart/earnings-and-revenue-growth"/><figcaption>TSX:ANRG Earnings and Revenue Growth as at Jan 2026</figcaption></figure><h2>Electrovaya (TSX:ELVA)</h2><p><strong>Simply Wall St Growth Rating:</strong> ★★★★★★</p><p><strong>Overview:</strong> Electrovaya Inc. designs, develops, manufactures, and sells lithium-ion batteries and related products for energy storage and clean electric transportation in North America, with a market cap of CA$560.09 million.</p><p><strong>Operations:</strong> The company generates $63.83 million in revenue from the development, manufacturing, and marketing of power technology products.</p><p><strong>Insider Ownership:</strong> 28.0%</p><p>Electrovaya's growth trajectory is underscored by its recent profitability and robust earnings forecast, expected to outpace the Canadian market significantly. Revenue is also projected to grow substantially, supported by strategic international expansions such as the new Japanese subsidiary. While insider buying has occurred recently, it hasn't been substantial. The company's financial position shows some strain with interest coverage concerns, and shareholders have faced dilution following a $24.44 million equity offering.</p><ul><li>Unlock comprehensive insights into our analysis of Electrovaya stock in this growth report.</li><li>Upon reviewing our latest valuation report, Electrovaya's share price might be too optimistic.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/d77ffedb-e9fa-4e27-aff4-8d95fb74e649/chart/earnings-and-revenue-growth?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/d77ffedb-e9fa-4e27-aff4-8d95fb74e649/chart/earnings-and-revenue-growth"/><figcaption>TSX:ELVA Earnings and Revenue Growth as at Jan 2026</figcaption></figure><h2>Where To Now?</h2><ul><li>Access the full spectrum of 48 Fast Growing TSX Companies With High Insider Ownership by clicking on this link.</li><li>Ready For A Different Approach? Outshine the giants: these 25 early-stage AI stocks could fund your retirement.</li></ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data      and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your      financial situation. We aim to bring you long-term focused analysis driven by fundamental data.      Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.      Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders.      It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities.      All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.</em></p></div></div>

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<p>As of January 2026, investors are advised to assess the Canadian economy and consider diversifying portfolios. Growth companies with high insider ownership are highlighted, reflecting internal confidence. Notable companies include Zedcor, West Red Lake Gold Mines, and Electrovaya, with varying insider ownership and earnings growth rates. Green Thumb Industries and Anaergia are also discussed, showcasing their market positions and growth forecasts despite challenges. The article emphasizes the potential undervaluation of these stocks and encourages further exploration of the 48 identified companies with high insider ownership.</p>

Top TSX Growth Companies With High Insider Ownership In January 2026