Tilray, Canopy, and Aurora Have 2022 Forecasts Cut

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, and an increasingly competitive landscape across the adult-use industry.

Market analysts expect an 11.7% market share for Tilray (TLRY), down 15% from the previous quarter. Canopy (CGC) is looking at a 10% drop in market share in Q3 to 8.6%. Aurora (ACB) is also down 2.8% from 3.7% in Q3.

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