Happening Tomorrow | Canada Sales Update

08/03/21 04:38PM EDT

On the call, we will discuss the following topics:

  • Sales for July were up slightly to $317 Million, 2.8% higher than June. But, overall, growth in Canada is slowing significantly.
  • We have again revised our forecast slightly to $3.8 Billion compared to our old forecast of $3.85 Billion for 2021 total revenues.
  • Flower prices hit an all-time low in Canada at $29.60 for 1/8th. Although Tilray CEO believes consumer preferences will change to more premium branded flower, we will discuss the current implications of these record-low flower prices.
  • We will discuss the future of TLRY, its failing performance in CA, and its hopes of entering the US market.

Click Here to add to your Outlook Calendar. 

Happening Tomorrow | Canada Sales Update - sales

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.