With the closure of the APHA/TLRY deal, we are digging into the Canadian Cannabis market to look for opportunities on both the LONG and SHORT sides. To begin with, we take a deep dive into sales trends across Canada.
We will be hosting a call on May 12th at 10AM.
|
CLICK HERE for live webcast and materials at the time of the event. |
Some of the thoughts/topics to be discussed on the call:
- April sales were down 0.3% sequentially from the month prior but increased 73% YoY. We expect sales to continue to grow into 2021, to a total of $4 Billion for the year Vs. $2.6 Billion for 2020, a 53% increase.
- The growth of 2.0 Products continues with an 8% increase in the share of total sales from the year prior. Pre-rolled, Concentrates, and Vapes saw the most significant growth, all taking share from Flower sales.
- CGC sales overtook TLRY sales for the first time in April. TLRY sales have been decelerating for the past few months.
- Pure Sunfarms (VFF) and Organigram saw significant increases in sales and have been accelerating higher in recent months.
- VLNS is looking to make inroads in the competitive flower market.
