How Much Do Canadians Spend On Marijuana? A Look At Third Quarter 2023 Sales Data
Portfolio Pulse from Nicolás Jose Rodriguez
The report by Zuanic & Associates on the Canadian cannabis market shows regional disparities and growth trends, with a 16% YoY growth in nationwide sales. Alberta leads in store density and per capita spending, while Quebec has the lowest. The market is affected by high excise taxes, product caps, and marketing restrictions. Organigram, Village Farms International, Cronos, and others saw varying growth rates across provinces, while companies like Canopy and Tilray experienced declines. The upcoming Vape Market Trends panel will feature CEOs from TILT Holdings and Greenlane Holdings.

December 08, 2023 | 1:52 pm
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NEGATIVE IMPACT
Canopy experienced declines in British Columbia and Ontario, which could lead to a negative short-term impact on its stock.
Canopy's sales declines in key markets could result in bearish investor sentiment and a potential drop in its stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Tilray faced sales declines in multiple regions, which could negatively impact its stock in the short term.
Tilray's consistent sales declines across various regions could lead to negative investor sentiment and a potential decrease in stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Organigram saw a 17% increase in sales in British Columbia but faced declines in Alberta and Ontario. The mixed performance across regions may lead to neutral short-term impact on the stock.
Organigram's growth in one region and decline in others suggest a balanced impact on the stock, with no clear direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Aurora experienced growth in Quebec, which could have a positive short-term impact on its stock, despite the overall market drop in the province.
Aurora's growth in a declining Quebec market may be seen as a positive indicator, potentially leading to a short-term stock increase.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Cronos led growth in Alberta and saw increases in Ontario, which could positively influence its stock in the short term despite a slight market decline.
Cronos' leading growth in Alberta and positive performance in Ontario suggest a favorable short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Greenlane Holdings' upcoming participation in the Vape Market Trends panel could bring positive attention to the company, potentially impacting its stock positively in the short term.
The visibility from the upcoming panel could generate positive buzz for Greenlane Holdings, possibly leading to a short-term stock boost.
CONFIDENCE 65
IMPORTANCE 55
RELEVANCE 50
POSITIVE IMPACT
TILT Holdings' CEO's participation in the Vape Market Trends panel could have a positive short-term impact on the stock by increasing the company's visibility.
The company's increased exposure from the panel discussion could lead to positive investor interest and a potential uptick in stock price.
CONFIDENCE 65
IMPORTANCE 55
RELEVANCE 50
POSITIVE IMPACT
Village Farms International experienced growth in British Columbia and Alberta, but sales declines in Quebec. The overall positive performance could lead to a slight short-term uptick in the stock.
Village Farms International's growth in two key regions may outweigh the decline in Quebec, potentially leading to a positive stock impact.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70