Aurora Cannabis (ACB), a Canadian company that produces, distributes, and sells cannabis, reported a loss of $75.1M for Q2. But this loss was a tremendous improvement from the same quarter a year before.
Cannabis has added $43.4B (CAD) to Canada’s gross domestic products in four years. In addition, the cannabis industry carries 151K jobs – 43K direct jobs, 88K indirect jobs, and 19K induced jobs. The large GDP offering considers: $4.4B in direct…
Retail cannabis prices declined for every Canadian cannabis product category in 2021. The widespread decline is primarily due to producers and retailers reducing prices to entice price-sensitive consumers and capture market share in an ever-growing industry.
Tilray, Inc. (TLRY), now Tilray Brands, Inc., announced good news during its Q2 fiscal 2022 earnings call. CEO Irwin Simon applauded Tilray’s ability to maintain status with the #1 cannabis market share in Canada. In addition, he said, “Our second…
According to Organigram (OGI), Canadian adult-use sales are on the rise. The company’s sales rocketed more than 70% in the same period YoY. Quarterly net revenue topped $30M (CAD).
The three largest cannabis producers in Canada just had their 2022 sales forecasts cut by hundreds of millions of dollars. Tilray (TLRY), Canopy (CGC), and Aurora (ACB) have come under pressure from falling stock prices, poor execution by executive teams,…
The cannabis industry has a huge event right around the corner – this could be the spark the industry needs to break out of this bear market. On October 17, the size of the Canadian cannabis market is expected to…
Tilray has signed a global partnership with a division of Swiss drug giant Novartis to develop and distribute its medical marijuana in legal jurisdictions around the world. The Canadian pot firm said Tuesday it’s reached an agreement with Sandoz to…
