- We have lowered our estimated 2021 Canadian cannabis sales again, from $3.93 Billion to $3.85 Billion, a 2% 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 continue to gain share
- TLRY revenue has been consistently in decline. Sales in January were $40 Million and have trended down to $33.7 in June.
- CGC revenues saw the largest dropoff this past month, with a 12% sequential change.
- VFF had consistently grown in revenues until last month when they fell by 7%. This was the smallest decline however, of the largest three players.
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CLICK HERE for the live webcast and materials at the time of the event. |
