CIBS analyst John Zamparo published a client note calling consensus estimates from other analysts “unachievable.” He believes the next year of REC sales will be lucky to hit $2.2B instead of the $6.5B in consensus revue estimates.
Bloomberg
Market research group the Cannalysts argued legal cannabis (including MED) was “falling woefully short” of ousting the illicit market, with legal REC meeting only 14% of June’s total demand by volume.
MJ Biz Daily
- Cannalyst author Craig Wiggins warned “Canada is legally harvesting at 81% of TOTAL Projected Cdn Cannabis demand” leaving “an 892-day supply glut of existing inventory” and a coming wave of bankruptcies, which will leave behind them “inventory of varying quality.”
Twitter—TheCannalysts
Retail revenues are so slow that a Mackie analyst suggested firms with less than six months’ worth of cash on hand should start thinking expansion.
MJ Biz Daily
