Thursday s analyst upgrades and downgrades - The Globe and Mail theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
David George-Cosh, BNN Bloomberg 420 sales continue to boost retailer coffers despite muted industry response
It turns out a pandemic can t keep Canadians from enjoying 420 after all.
Sales on cannabis unofficial holiday - the origins of which are rooted in an inside joke among a group of Californians in the early 1970s - remained heady despite a wave of lockdown restrictions that forced many Canadians to stay inside and avoid gathering to celebrate.
Several industry data providers provided BNN Bloomberg with Canada-specific figures that showed cannabis sales on April 20 got a notable bump in customer activity against a typical day.
Operator
Good morning. My name is Jack, and I will be your operator today. At this time, I would like to welcome everyone to Organigram Holdings, Inc. second-quarter fiscal 2021 earnings conference call.
[Operator instructions] As a reminder, this conference call is being recorded, and a replay will be available on Organigram s website. At this time, I would like to introduce Amy Schwalm, vice president of investor relations.
Amy Schwalm
Vice President, Investor Relations
Thank you, Jack. Joining me today are Organigram s chief executive officer, Greg Engel; chief financial officer, Derrick West; and our chief strategy officer, Paolo De Luca. Before we begin, I would like to remind you that today s call will include estimates and other forward-looking information from which our actual results could differ. Please review the cautionary language in today s press release regarding various factors, assumptions, and risks that could cause those actual results to differ.
Aurora Cannabis leads Canada in market share decline while smaller companies gain, report says mjbizdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mjbizdaily.com Daily Mail and Mail on Sunday newspapers.
Canopy Growth s $435M deal for Supreme Cannabis highlights consumer interest in premium segment
As cannabis producers raced to the bottom to help move unsellable pot, the other end of the market remains in high demand.
Canopy Growth Corp. s acquisition of Supreme Cannabis Co. for $435 million on Thursday highlighted how valuable premium cannabis can still be in the Canadian recreational space. Sales in the segment are now booming following a rough-and-tumble period that saw more producers flock to the low-end of the market.
Most [consumer-packaged-goods] companies don t just rely on one brand, we wanted to make sure that we have appropriate scale in each in each price category, said Canopy s Chief Executive Officer David Klein in a phone interview.