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Cannabis Canada Weekly: Pot stock rally fizzles, Q1 sales to slow due to COVID-19 - Article


Canadian pot sales expected to slow down in Q1 due to COVID-19 lockdowns
As Canadian cannabis producers emerge from a volatile week of market activity, some dark clouds persist over the industry. 
 
While earnings season has begun in earnest with companies like Canopy Growth Corp. and Supreme Cannabis Inc. reporting an increase in quarterly sales, the next three-month period may be a challenging one for Canada s pot retailers and producers. 
 
Several analyst reports suggest that cannabis sales in January will be down notably from December, while some retailers expect the rest of the first quarter to offer another tough month as COVID-19 lockdowns weigh broadly across the industry.  ....

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