- We have lowered our estimated 2021 Canadian cannabis sales from $4 Billion to $3.93 Billion, a 1.8% estimate revision lower sequentially.
- The rise of the 2.0 market and fall of flower remains a consistent trend
- Premium brands continue to see falling popularity as consumers prefer standard and value.
- Smaller players gain share
- HEXO is playing a dangerous game
- TLRY revenue has been declining slightly. Sales in January were $40 Million and have trended down to $36.5 in May.
- CGC revenues had been steadily increasing until May, when they fell 9% compared to April.
- VFF has consistently accelerated sales with 6-8% increases in MoM sales for the past four months.
|
CLICK HERE for the live webcast and materials at the time of the event. |
