We discussed USA legalization, USA sales and Canadian sales on this call.
- US Sales are slowing sequentially; Canada is flat sequentially.
- In Canada September sales were $340 Million, .6% higher than August, and increased 29% YoY.
- We expect 2021 sales to be $3.88 Billion Vs. our $3.93 Billion estimates last month, up 48% YoY.
- Companies gaining market share were Organigram and Canopy Growth.
- Companies losing market share were Tilray, and Pure Sunfarms.
- Organigram has now surpassed Pure Sunfarms as the third largest LP in Canada.
- Pure Sunfarms saw fast growth in Canada but has recently slowed.
- CGC continues to struggle despite having a decent September.
- TLRY has signaled that part of our goal of reaching $4 billion in revenue by the end of fiscal 2024, includes expanding its market share to 30% via acquisitions. Who will they buy?
- TLRY latest earnings release.
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